American Education Center, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 05:00 pm EST
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American Education Center, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1.564 million compared to USD 1.903 million a year ago. Operating loss was USD 385,588 compared to USD 748,582 a year ago. Net loss was USD 278,455 compared to USD 2.514 million a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.06 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.02 a year ago. For the nine months, sales was USD 4.704 million compared to USD 5.002 million a year ago. Operating loss was USD 667,611 compared to USD 651,568 a year ago. Net income was USD 6,158 compared to net loss of USD 5.949 million a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.14 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
American Education Center, Inc. is engaged in providing education-related consulting services. The Company operates through two segments: American Education Center, Inc. (AEC New York) and AEC Management Ltd. (AEC BVI). The AEC New York delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States. Its advisory services include language training, college admission advisory, on-campus advisory, internship and start-up advisory, as well as student and family services. The AEC BVI, though AEC Southern Shenzhen and Zhongwei, delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States through businesses referred by AEC New York to AEC Southern Shenzhen. Its career advisory services include its internship advisory program and its start-up advisory program.
AMERICAN EDUCATION CENTER, INC. 
