American Learning Corporation Reports First Quarter Results
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) |
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Net loss |
$ (118,557) |
$ (142,543) |
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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
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