American Learning Corporation Reports First Quarter Results

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Aug 10, 2012, 10:13 ET

JERICHO, N.Y., Aug. 10, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ: ALRN) announced revenues of $1,105,243 and a net loss of $118,557 ($.02 net loss per share) for the three months ended June 30, 2012. By comparison, the Company reported revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2012.

During the three months ended June 30, 2012 revenues increased 25.6% over the comparable period in the prior fiscal year due to increases in school staffing services to charter schools.

	Three Months Ended
	06/30/12	06/30/11
	(Unaudited)
Revenues	$ 1,105,243	$ 879,897

Operating loss from continuing operations	(122,710)	(178,763)

Loss before discontinued operations	(118,557)	(174,394)

Net loss	$ (118,557)	$ (142,543)

Net earnings (loss) per share:
From continuing operations - basic
and diluted	$ (0.02)	$ (0.04)
From discontinued operations - basic
and diluted	$ -	$ 0.01

Weighted average shares –
basic and diluted	4,919,615	4,809,805

American Learning Corporation, through its wholly owned subsidiaries, Interactive Therapy Group Consultants, Inc. and Signature Learning Resources, Inc., offers a comprehensive range of services to children with developmental delays and disabilities.

SOURCE American Learning Corporation