Legacy Education Inc. Reports Impressive 50% Revenue Surge with Over 3,000 Enrolled Students

Legacy Education Inc's Impressive Q3 Results

Legacy Education Inc., traded on NYSE American under the ticker LGCY, has recently made headlines with its outstanding third fiscal quarter results for 2025, ending March 31. The company, a prominent figure in career-focused education and training, has demonstrated remarkable growth by achieving a staggering 50.7% increase in revenue compared to the same period last year.

Financial Highlights

The figures released show Legacy Education's revenue soared to $18.6 million in the third quarter, a substantial rise from $12.3 million in Q3 of 2024. This success story is underpinned by a 70.7% surge in new student starts, which lifted the total student population to 3,245, marking a 49.8% increase from the previous year's enrollment. Such growth not only reflects the growing demand for career education but also the effectiveness of the company’s strategic initiatives.

CEO LeeAnn Rohmann expressed pride in these results, stating, "This is an excellent quarter for Legacy Education. Surpassing 3,000 enrolled students and achieving more than 50% revenue growth reflect the success of our strategic focus and the growing demand for career-focused education." This statement highlights the company’s commitment to enhancing educational quality and student outcomes.

Year-to-Date Financial Performance

Examining Legacy's performance for the nine months ended March 31, 2025, the company experienced a revenue increase of 39% year-on-year, reaching $46.2 million. This growth was fueled by a consistent influx of new students, as evidenced by a 30.6% increase in new student starts, contributing significantly to their sustained success in the educational landscape.

Key Financial Metrics

1. Revenue: An impressive rise in revenue from $33.2 million to $46.2 million year-to-date.
2. Net Income: Legacy reported a net income of $6.3 million for the nine months, a significant improvement from $4.15 million in the prior fiscal year.
3. Earnings Per Share: Diluted earnings per share increased to $0.51, up from $0.43, reflecting robust profitability alongside growth in enrollment.

Challenges and Strategic Investments

Despite these successes, Legacy Education faces challenges, particularly in educational services costs, which increased by 39.3% to $24.8 million. The rise in costs largely stems from heightened instructional and staffing needs to accommodate the growing student body and investments in their RN program.

The company has also noted an increase in general and administrative expenses, which rose by 32.7% to $12.9 million. This was attributed to climbing marketing expenses and professional fees aimed at enhancing visibility and market outreach.

Legacy's commitment to strategic investments remains instrumental as they strive to expand enrollment and improve educational quality. The acquisition of Contra Costa Medical Career College (CCMCC), which contributed 468 new students, highlights the company's growth strategy focused on enhancing its educational offerings and program diversity.

Looking Ahead

As Legacy Education Inc. moves forward, their sustained focus on quality education and strategic growth initiatives will be paramount in maintaining this upward trajectory. The future appears bright as they seek to adapt to the evolving landscape of career-focused education, ensuring that they meet the needs of students in a competitive environment.

For investors and stakeholders, these results signal a strong operating model poised for continued success, underpinning Legacy Education's position as a leader in the career-focused training sector. The upcoming conference call is anticipated to shed more light on these developments and further outline the company's strategic vision for the future.

For more information, participants are encouraged to visit the investor relations section of Legacy Education's website or join the upcoming conference call.