Legacy Education Inc.(LGCY) - 2025 Q2 - Quarterly Results

Revenue Growth - Revenue increased by 29.2% to $13.6 million for Q2 FY 2025 compared to$10.5 million in Q2 FY 2024[5]. - Revenue for the six months ended December 31, 2024, was $27.6 million, a 32.1$20.9 million in the prior year[8]. Student Enrollment - Student enrollment reached 2,768, a 44.8% increase from 1,912 in the same quarter last year, supported by a 3.0% increase in new student starts[5][8]. - The acquisition of Contra Costa Medical Career College added approximately 389 students to the enrollment figures[4][8]. Profitability - Net income for Q2 FY 2025 was $1.4 million, with diluted earnings per share of$0.10, compared to $1.3 million and$0.13 in Q2 FY 2024[5][12]. - EBITDA for Q2 FY 2025 was $1.8 million, with adjusted EBITDA of$1.9 million, reflecting strong operational performance[5][12]. Expenses - Educational services expense rose by 35.3% to $7.5 million, driven by increased staffing and instructional costs to support higher enrollments[8]. - General and administrative expenses increased by 32.5$4.3 million, primarily due to higher marketing and professional fees[8]. Strategic Focus - The company is focused on scaling programs and investing in innovation to meet the rising demand for skilled healthcare professionals[4]. - Legacy Education aims to continue its growth strategy through organic enrollment growth and strategic acquisitions[13].