KGIC Inc. announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported loss after income taxes of CAD 3,896,094 compared to CAD 1,885,246 a year ago. LBITDA was CAD 3,041,134 compared to EBITDA of CAD 2,594,868 a year ago. Adjusted LBITDA was CAD 2,743,317 compared to adjusted EBITDA of CAD 2,885,365 a year ago. Net loss was CAD 1,648,093 compared to adjusted net income of CAD 1,885,246 a year ago. Cash flows used in operating activities was CAD 4,624,730 compared to CAD 1,867,472 a year ago. Total revenue from school operations was CAD 13,383,652 and LBITDA from school operations was CAD 2,743,317.

For the nine months, the company reported loss after income taxes of CAD 37,202,665 compared to CAD 4,786,776 a year ago. LBITDA was CAD 34,982,326 compared to EBITDA of CAD 5,961,684 a year ago. Adjusted LBITDA was CAD 12,332,823 compared to adjusted EBITDA of CAD 6,575,836 a year ago. Net loss was CAD 36,207,104 compared to adjusted net income of CAD 4,786,776 a year ago. Cash flows used in operating activities was CAD 10,995,094 compared to cash flows from operating activities of CAD 1,144,084 a year ago.