Learning Tree International, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2018; Provides Earnings Guidance for the Third Quarter of 2018
May 08, 2018 at 04:59 pm EDT
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Learning Tree International, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2018. For the quarter, the company announced revenues of $13,595,000 compared to $16,071,000 for the same period a year ago. Loss from operations was $2,331,000 compared to $2,062,000 for the same period a year ago. Loss from operations before income taxes was $2,383,000 compared to $2,173,000 for the same period a year ago. Net loss was $2,420,000 compared to $2,349,000 for the same period a year ago. Basic and diluted loss per share was $0.18 compared to $0.18 for the same period a year ago.
For the six months, the company announced revenues of $30,791,000 compared to $34,623,000 for the same period a year ago. Loss from operations was $2,012,000 compared to $2,566,000 for the same period a year ago. Loss from operations before income taxes was $2,091,000 compared to $2,476,000 for the same period a year ago. Net loss was $2,065,000 compared to $2,728,000 for the same period a year ago. Basic and diluted loss per share was $0.16 compared to $0.21 for the same period a year ago.
For the third quarter of fiscal 2018, the company expects revenues of between $16.2 million and $17.2 million compared to revenues of $16.4 million in third quarter of fiscal 2017. The company expects the gross profit percentage in third quarter of fiscal 2018 of between 45.6% and 46.6% compared to 41.6% in third quarter of fiscal 2017. operating results of between a loss of $400,000 and a positive income of $600,000 compared with an operating loss of $500,000 in third quarter of fiscal 2017. Pretax results of between a loss of $500,000 and income -- positive income of $600,000 compared to a pretax loss of $800,000 in third quarter of fiscal 2017.
For the full fiscal year 2018, it is still the company's objective is to continue and improve profitability and achieve a positive income from operations for the full fiscal year.
Learning Tree International, Inc. is a provider of learning solutions to support organizationsâ use of technology and effective business practices. The Company provides skills training and certification solutions to impact individual careers and organizational performance. The Companyâs courses include agile and scrum; business applications; cloud computing; cyber security; data, analytics and artificial intelligence; information technology (IT) infrastructure; IT service management; leadership; project management; and software. Its solutions include Coaching, Custom Content Solutions, Enterprise Solutions, Government Solutions, Learning Tree+ Advantage Plan, Learning Paths, Managed Training Services, Skills Assessments, Team Training, and Training Vouchers. Its certification courses include ITIL 4 Foundation Training, CompTIA Security+ Training, PMI Authorized PMP Exam Prep, Certified ScrumMaster Training, CISSP Training and Certification Prep Course, and others.
Learning Tree International, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2018; Provides Earnings Guidance for the Third Quarter of 2018