Business
Legacy Education Alliance, Inc. Announces First Quarter of 2017 Results
Legacy Education Alliance, Inc. Announces First Quarter of 2017 Results.
About this update from Legacy Education Alliance, Inc.
[{"type":"text","content":"\n \n Legacy Education Alliance, Inc. (OTCQB: LEAI) (www.legacyeducationalliance.com), \n a leading international provider of practical, high-quality, and \n value-based educational training on the topics of personal finance, \n entrepreneurship, real estate, and financial markets investing \n strategies and techniques, today announced financial results for the \n three months that ended March 31, 2017.\n \n \n First Quarter 2017 Overview\n \n \n \n Net income was $0.2 million or $0.01 per basic and diluted common \n share for the quarter ended March 31, 2017 compared to net income of \n $0.6 million or $0.03 per basic and diluted common share for the \n quarter ended March 31, 2016, a decrease of $0.4 million or $0.02 per \n basic and diluted common share;\n \n \n Revenue was $22.8 million for the quarter ended March 31, 2017 \n compared to $22.7 million for the quarter ended March 31, 2016;\n \n \n Non-U.S. revenue was $9.8 million for the quarter ended March 31, 2017 \n compared to $8.3 million for the quarter ended March 31, 2016, an \n increase of $1.5 million or 18.0%;\n \n \n Other Foreign Markets segment revenue was $4.1 million for the quarter \n ended March 31, 2017 compared to $2.1 million for the quarter ended \n March 31, 2016, an increase of $2.0 million or 95.0%;\n \n \n Cash sales were $24.4 million for the quarter ended March 31, 2017 \n compared to $21.3 million for the quarter ended March 31, 2016, an \n increase of $3.1 million or 15.0%;\n \n \n Total operating costs and expenses were $22.7 million for the quarter \n ended March 31, 2017 compared to $22.0 million for the quarter ended \n March 31, 2016, an increase of $0.7 million or 3.2%;\n \n \n Revenue from attendance was $20.0 million for the quarter ended March \n 31, 2017 compared to $18.5 million for the quarter ended March 31, \n 2016, an increase of $1.5 million or 8.0%.\n \n \n \n \"We are pleased with our overall performance in the first quarter, 2017, \n as we saw continuation of the growth trend in our international markets. \n Cash sales grew over 14%, which we believe is indicative of our success \n in furthering our brand penetration and diversification. We are also \n excited about the progress being made on the implementation of our new \n ERP system, which will support our continuing streamlining and delivery \n of world-class services and ...