Greenwood Hall, Inc. provided earnings guidance for the fiscal year ended August 31, 2016 and fiscal year ending August 31, 2017. For 2016, based on new service contracts and current new business pipeline for the company's strategic EdTech offerings, management anticipates revenues related to the company's EdTech business to increase by 35-40% and be in the range of $5.63 – 6.05 million, compared to EdTech revenues of approximately $4.32 million in FY-15. Revenue pertaining to the company's legacy and non-strategic offerings is anticipated to be in the range of $1.3 – 1.5 million, compared to legacy revenues of approximately $4 million in FY-2015, the majority of which were one-time in nature, event driven, and not strategic to the company's current EdTech focus.

For 2017, based on current contracts and the present new business pipeline for the company's strategic EdTech offerings, management estimates revenue growth related to the company's EdTech business will be at a rate that is equal to or greater than the growth rate projected for fiscal 2016. Based on current trending, management also believes the company should have positive adjusted EBITDA for fiscal 2017.