National American University Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017
January 02, 2018
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National American University Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2017. For the quarter, the company reported total revenue of $20,018,000 against $21,983,000 a year ago. Operating loss was $3,580,000 against $993,000 a year ago. Loss before income taxes was $3,716,000 against $1,148,000 a year ago. Net loss was $3,772,000 against $742,000 a year ago. Net loss attributable to the company was $3,777,000 against $752,000 a year ago. Basic and diluted loss per share was $0.16 against $0.03 a year ago. LBITDA was $2,303,000 against EBITDA of $330,000 a year ago. Cash flows using operating activities in the fiscal 2018 second quarter improved to $700,000 from the first quarter of $2.9 million.
For the six months, the company reported total revenue of $39,814,000 against $43,113,000 a year ago. Operating loss was $7,490,000 against $3,868,000 a year ago. Loss before income taxes was $7,771,000 against $4,178,000 a year ago. Net loss was $7,586,000 against $2,781,000 a year ago. Net loss attributable to the company was $7,605,000 against $2,808,000 a year ago. Basic and diluted loss per share was $0.31 against $0.12 a year ago. LBITDA was $4,963,000 against $1,202,000 a year ago.
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.
National American University Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017