Scientific Learning Corp. reported unaudited sales results for the third quarter ended September 30, 2019. Total sales for the third quarter were 6% below the third quarter of 2018, driven in part by several larger K-12 transactions in the sales pipeline that were not closed by September 30, 2019. The company is working to convert this solid pipeline to achieve modest growth in the fourth quarter. Total sales were $7.0 million a year ago.

For year-to-date, the company reported total sales were $11.7 million, compared to $13.4 million a year ago. For K12, the results were $9.7 million as compared to $11.5 a year ago. The other product lines, including International, Private Provider and Home, posted sales of $2.1 million Third Quarter YTD 2019, compared to $2.0 million in the prior year, representing an increase of 5%.

The company provided sales guidance for the year 2020. The company expected to incur severance costs of approximately $75,000 in the fourth quarter and expect total sales to be reduced by $1 million by $1.3 million in 2020, as a result of this action.