National American University Holdings, Inc. Announce Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended May 31, 2018
August 15, 2018 at 04:05 pm EDT
Share
National American University Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended May 31, 2018. For the quarter, the company reported total revenue of $19,143,000 against $22,143,000 a year ago. Operating loss was $425,000 against $1,158,000 a year ago. Loss before income taxes was $797,000 against $1,218,000 a year ago. Net loss attributable to company and subsidiaries was $849,000 or $0.04 per basic and diluted share against $931,000 or $0.04 per basic and diluted share a year ago. EBITDA was $473,000 against $197,000 a year ago. Adjusted EBITDA was $946,000 compared to $1,336,000 a year ago.
For the full year, the company reported total revenue of $77,184,000 against $86,587,000 a year ago. Operating loss was $11,501,000 against $7,238,000 a year ago. Loss before income taxes was $12,343,000 against $7,777,000 a year ago. Net loss attributable to company was $12,161,000 or $0.50 per basic and diluted share against $6,275,000 or $0.26 per basic and diluted share a year ago. LBITDA was $6,931,000 against $1,943,000 a year ago. Adjusted LBITDA was $4,025,000 against $796,000 a year ago. Cash used in operation for the year was $3.8 million.
National American University Holdings, Inc., through its wholly owned subsidiary, Dlorah, Inc., operates National American University (NAU). NAU is a regionally accredited, institution of higher learning offering associate, bachelor's, master's, and doctoral degree programs in technical and professional disciplines. NAU consists of a group of educators, which helps its students to achieve their educational goals to advance their career opportunities. The Company's courses are offered primarily through online instruction.