Greenwood Hall, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended February 29, 2016
April 14, 2016 at 06:06 pm EDT
Greenwood Hall, Inc. reported earnings results for the second quarter and six months ended February 29, 2016. For the quarter, the company reported net loss of $2,222,254 compared to $2,225,045 a year ago. Negative adjusted EBITDA was $1,151,292 compared to $1,771,817 a year ago. Overall revenue for the quarter was relatively flat at $1,378,168 compared to $1,480,420 for the same quarter in 2015, the Company experienced a 26% increase in revenue for its EdTech related offerings during the second quarter compared to the same period in 2015.
For six months, the company reported net loss of $5,481,012 compared to $2,793,858 a year ago. Negative adjusted EBITDA was $2,454,535 compared to $2,313,329 a year ago.