Legacy Education Alliance, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 08:32 pm
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Legacy Education Alliance, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 7.785 million compared to USD 19.497 million a year ago. Operating income was USD 4.972 million compared to operating loss of USD 428,000 a year ago. Net income was USD 3.803 million compared to net loss of USD 275,000 a year ago. Basic earnings per share was USD 0.16 compared to basic loss per share of USD 0.01 a year ago. Basic earnings per share from continuing operations was USD 0.16. For the half year, sales was USD 17.905 million compared to USD 39.955 million a year ago. Operating income was USD 7.940 million compared to operating loss of USD 336,000 a year ago. Net income was USD 6.836 million compared to net loss of USD 380,000 a year ago. Basic earnings per share was USD 0.3 compared to basic loss per share of USD 0.02 a year ago. Diluted earnings per share was USD 0.29 compared to diluted loss per share of USD 0.02 a year ago. Basic earnings per share from continuing operations was USD 0.3. Diluted earnings per share from continuing operations was USD 0.29.
Legacy Education Alliance, Inc. is a provider of practical and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets, including investment strategies and techniques. Its programs are offered through a variety of formats and channels, including free workshops, basic trainings, forums, telephone mentoring, one-on-one mentoring, coaching, and e-learning. The Company marketed its products and services under the brand Building Wealth with Legacy. The Companyâs students pay for their courses in full up-front or through payment agreements with independent third parties. The Company also provides one-on-one mentoring (two to four days in length, on site or remotely) and telephone mentoring (10 to 16 weekly one-on-one or one-on-many telephone sessions). Its training programs include basic training courses (live and online), elite level training courses (live and online), and individualized mentoring programs.
LEGACY EDUCATION ALLIANCE, INC. 