American Learning Corporation Reports Second Quarter Results
JERICHO, N.Y., Nov. 12, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ:ALRN) announced revenues of $311,659 and $1,416,902 and net losses of $384,701 ($.08 net loss per share) and $503,258 ($.10 net loss per share) for the three and six months ended September 30, 2012, respectively. By comparison, the Company reported revenues of $465,754 and $1,345,651 and net losses of $379,187 ($.08 net loss per share) and $521,730 ($.11 net loss per share) for the three and six months ended September 30, 2011, respectively.
During the three months ended September 30, 2012 revenues decreased approximately 33.1% from the comparable period in the prior fiscal year as a result of decreases in revenue from preschool programs and school staffing services. Revenues for the six months ended September 30, 2012 increased 5.3% over the six months ended September 30, 2011.
Three Months Ended |
Six Months Ended |
|||||||
09/30/12 |
09/30/11 |
09/30/12 |
09/30/11 |
|||||
(Unaudited) |
(Unaudited) |
|||||||
Revenues |
$ |
311,659 |
$ |
465,754 |
$ |
1,416,902 |
$ |
1,345,651 |
Operating loss from continuing operations |
(387,627) |
(383,782) |
(510,337) |
(562,545) |
||||
Net loss |
$ |
(384,701) |
$ |
(379,187) |
$ |
(503,258) |
$ |
(521,730) |
Net earnings (loss) per share: |
||||||||
From continuing operations - basic |
$ |
(0.08) |
$ |
(0.08) |
$ |
(0.10) |
$ |
(0.11) |
From discontinued operations - basic |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
0.01 |
Weighted average shares – |
||||||||
basic and diluted |
4,919,615 |
4,919,615 |
4,919,615 |
4,864,710 |
||||
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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