National American University Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2018
October 10, 2018 at 04:05 pm EDT
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National American University Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended August 31, 2018. For the quarter, the company reported revenue of $16,035,000 compared to $19,796,000 a year ago. Operating loss was $4,678,000 compared to $3,910,000 a year ago. Loss before income taxes was $4,929,000 compared to $4,055,000 a year ago. Net loss attributable to the company and subsidiaries was $4,954,000 or $0.20 per basic and diluted share compared to $3,828,000 or $0.16 per basic and diluted share a year ago. Adjusted LBITDA was $3,026,000 compared to $2,339,000 a year ago. LBITDA was $3,623,000 compared to $2,660,000 a year ago. LBITDA decreased due to lower enrollments and revenue.
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. 
