National American University Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2018
April 04, 2018 at 07:31 pm EDT
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National American University Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2018. For the quarter, the company reported total revenue of $18,227,000 compared to $21,331,000 a year ago. Operating loss was $3,586,000 compared to $2,212,000 a year ago. Loss before income taxes was $3,775,000 compared to $2,381,000 a year ago. Net loss attributable to the company and subsidiaries was $3,707,000 or $0.15 per basic and diluted share compared to $2,536,000 or $0.10 per basic and diluted share a year ago. LBITDA was $2,441,000 compared to $938,000 a year ago. Adjusted LBITDA was $1,365,000 compared to $936,000 a year ago.
For the nine months, the company reported total revenue of $58,041,000 compared to $64,444,000 a year ago. Operating loss was $11,076,000 compared to $6,080,000 a year ago. Loss before income taxes was $11,546,000 compared to $6,559,000 a year ago. Net loss attributable to the company and subsidiaries was $11,312,000 or $0.47 per basic and diluted share compared to $5,344,000 or $0.22 per basic and diluted share a year ago. LBITDA was $7,404,000 compared to $2,140,000 a year ago. Adjusted LBITDA was $5,333,000 compared to $2,132,000 a year ago.
National American University Holdings, Inc., through its wholly owned subsidiary, Dlorah, Inc., operates National American University (NAU). NAU is a regionally accredited, institution of higher learning offering associate, bachelor's, master's, and doctoral degree programs in technical and professional disciplines. NAU consists of a group of educators, which helps its students to achieve their educational goals to advance their career opportunities. The Company's courses are offered primarily through online instruction.
National American University Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2018