Learning Tree International, Inc. Announces Unaudited Consolidated Earnings Results for the Quarter and Year Ended September 29, 2017; Provides Earnings Guidance for the First Quarter of 2018
December 15, 2017 at 09:25 pm
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Learning Tree International, Inc. announced unaudited consolidated earnings results for the quarter and year ended September 29, 2017. For the quarter, the company reported revenue of $19,636,000 against $21,695,000 for the same period a year ago. The decrease in the average revenue per participant was caused primarily by lower average revenue per participant from the implementation of periodic pricing promotions and strategies and changes in foreign exchange rates, which negatively impacted revenues by 2.3%. Income from operations was $1,770,000 against loss of $2,038,000 for the same period a year ago. Income from operations before income taxes was $1,611,000 against loss of $1,989,000 for the same period a year ago. Net income was $1,468,000 against loss of $2,216,000 for the same period a year ago. Basic and diluted income per share was $0.11 per share against loss of $0.17 per share for the same period a year ago.
For the year, the company reported revenue of $70,663,000 against $81,587,000 for the same period a year ago. The decrease in the average revenue per participant was caused primarily by lower average revenue per participant from the implementation of periodic pricing promotions and strategies and changes in foreign exchange rates, which negatively impacted revenues by 2.3%. Loss from operations was $1,335,000 against $12,501,000 for the same period a year ago. Loss from operations before income taxes was $1,663,000 against $12,274,000 for the same period a year ago. Net loss was $2,137,000 against $12,696,000 for the same period a year ago. Basic and diluted loss per share was $0.16 per share against $0.96 per share for the same period a year ago. capital expenditures were $0.1 million.
For the first quarter of 2018, the company expects revenues between $16.5 million and $17.5 million compared. Gross profit percentage is expected to be between 44.2% and 45.2%. Operating results are expected to be between a loss of $0.5 million and an operating income of a $0.5 million. Pretax results are expected to be between a loss of $0.6 million and an income of $0.5 million.
Learning Tree International, Inc. is a provider of learning solutions to support organizationsâ use of technology and effective business practices. The Company provides skills training and certification solutions to impact individual careers and organizational performance. The Companyâs courses include agile and scrum; business applications; cloud computing; cyber security; data, analytics and artificial intelligence; information technology (IT) infrastructure; IT service management; leadership; project management; and software. Its solutions include Coaching, Custom Content Solutions, Enterprise Solutions, Government Solutions, Learning Tree+ Advantage Plan, Learning Paths, Managed Training Services, Skills Assessments, Team Training, and Training Vouchers. Its certification courses include ITIL 4 Foundation Training, CompTIA Security+ Training, PMI Authorized PMP Exam Prep, Certified ScrumMaster Training, CISSP Training and Certification Prep Course, and others.
Learning Tree International, Inc. Announces Unaudited Consolidated Earnings Results for the Quarter and Year Ended September 29, 2017; Provides Earnings Guidance for the First Quarter of 2018
LEARNING TREE INTERNATIONAL, INC. 
