National American University Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2018
October 10, 2018 at 04:05 pm EDT
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National American University Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended August 31, 2018. For the quarter, the company reported revenue of $16,035,000 compared to $19,796,000 a year ago. Operating loss was $4,678,000 compared to $3,910,000 a year ago. Loss before income taxes was $4,929,000 compared to $4,055,000 a year ago. Net loss attributable to the company and subsidiaries was $4,954,000 or $0.20 per basic and diluted share compared to $3,828,000 or $0.16 per basic and diluted share a year ago. Adjusted LBITDA was $3,026,000 compared to $2,339,000 a year ago. LBITDA was $3,623,000 compared to $2,660,000 a year ago. LBITDA decreased due to lower enrollments and revenue.
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.