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| 8-K - 8-K - AMERICAN LEARNING Corp | v320862_8k.htm |
EXHIBIT 99.1
AMERICAN LEARNING CORPORATION
REPORTS FIRST QUARTER RESULTS
JERICHO, NY, August 10, 2012: American Learning Corporation (the “Company”) (NASDAQ:ALRN) announced revenues of $1,105,243 and a net loss of $118,557 ($.02 net loss per share) for the three months ended June 30, 2012. By comparison, the Company reported revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2012.
During the three months ended June 30, 2012 revenues increased 25.6% over the comparable period in the prior fiscal year due to increases in school staffing services to charter schools.
| Three Months Ended | ||||||||
| 06/30/12 | 06/30/11 | |||||||
| (Unaudited) | ||||||||
| Revenues | $ | 1,105,243 | $ | 879,897 | ||||
| Operating loss from continuing operations | (122,710 | ) | (178,763 | ) | ||||
| Loss before discontinued operations | (118,557 | ) | (174,394 | ) | ||||
| Net loss | $ | (118,557 | ) | $ | (142,543 | ) | ||
| Net earnings (loss) per share: | ||||||||
| From continuing operations - basic and diluted | $ | (0.02 | ) | $ | (0.04 | ) | ||
| From discontinued operations - basic and diluted | $ | - | $ | 0.01 | ||||
| Weighted average shares – basic and diluted | 4,919,615 | 4,809,805 | ||||||
American Learning Corporation, through its wholly owned subsidiaries, Interactive Therapy Group Consultants, Inc. and Signature Learning Resources, Inc., offers a comprehensive range of services to children with developmental delays and disabilities.
For further information contact: Gary J. Knauer, Chief Financial Officer, American Learning Corporation, One Jericho Plaza, Jericho, NY 11753; telephone number (516) 938-8000.