Legacy Education Inc. ( (LGCY) ) has released its Q3 earnings. Here is a breakdown of the information Legacy Education Inc. presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Legacy Education Inc., a for-profit post-secondary education company, specializes in career-focused education primarily in the healthcare field, offering certificates and degrees in various medical and business disciplines.
In its latest earnings report, Legacy Education Inc. announced a remarkable third-quarter performance with a 50% revenue growth and a significant increase in student enrollment, surpassing 3,000 students.
The company reported a revenue of $18.6 million for the third quarter, marking a 50.7% increase from the previous year. This growth was driven by a 70.7% rise in new student starts and the acquisition of Contra Costa Medical Career College, which added 468 students. Legacy Education also achieved a net income of $2.8 million and a diluted earnings per share of $0.21. For the nine months ending March 31, 2025, the company saw a 39% revenue increase to $46.2 million, with a net income of $6.3 million.
Educational services expenses rose to $10.1 million, reflecting the increased instructional and staffing needs due to higher enrollments. General and administrative expenses also grew, primarily due to increased marketing and professional fees. Despite these rising costs, the company’s EBITDA and adjusted EBITDA showed strong performance, indicating efficient operational management.
Looking ahead, Legacy Education Inc. remains committed to expanding its educational offerings and maintaining its growth trajectory, supported by its strategic focus on quality, innovation, and student outcomes.