Legacy Education Inc. Reports Impressive Q2 Results with 29% Revenue Surge and Record Student Enrollment

Legacy Education Inc. Reports Strong Growth for Q2 FY 2025

Legacy Education Inc. (NYSE American: LGCY) has recently unveiled impressive financial results for the second quarter of fiscal year 2025, marking a notable revenue increase of 29.2% year-over-year. The company, renowned for its accredited, for-profit post-secondary education, recorded revenues of approximately $13.6 million, compared to $10.5 million during the same period last year. This surge in revenue is largely attributed to a 44.8% growth in student enrollment, reflecting the increasing demand for vocational education in various sectors.

Key Financial Highlights

In addition to the substantial revenue growth, Legacy Education reported a net income of $1.4 million for the quarter, leading to a diluted earnings per share of $0.10. The EBITDA for the quarter stood at approximately $1.8 million, demonstrating healthy operational performance amid the rising costs associated with educational services and administrative expenses.

During the six-month period ending December 31, 2024, the company's revenues reached $27.6 million, representing a remarkable 32.1% increase compared to $20.9 million for the same timeframe in the previous year. This growth trajectory was bolstered by a significant increase in new student enrollments, which rose by 16.2% year-on-year.

Strategic Initiatives Driving Growth

Legacy Education's success can be attributed to various strategic investments made in recent months, which include enhancements to staffing, facility upgrades, and program innovations. A pivotal factor contributing to its current success is the acquisition of Contra Costa Medical Career College, which added an estimated 389 students to the overall enrollment figures. LeeAnn Rohmann, the CEO of Legacy Education, expressed enthusiasm for this acquisition, highlighting its role in addressing the growing need for skilled healthcare professionals in today's job market.

With a current student population of 2,768, the company's commitment to providing career-focused education is clear. Rohmann emphasized that attaining over 3,000 students by January 31, 2025, signifies the dedication of their team and enhances the perceived value of the programs offered by Legacy Education.

Looking Ahead: Future Plans and Expectations

As Legacy Education Inc. advances in its growth strategy, the company's leadership is optimistic about sustaining its momentum. Plans for further investment in educational programs and scaling operations to meet increased demand are in place. The upcoming quarterly reports will shed light on the full financial impact of the recent acquisitions and strategic initiatives.

In summary, Legacy Education Inc. continues to position itself as a leader in post-secondary education, bolstered by a robust operational framework and a commitment to providing high-quality, accessible educational services. The company's focus on financial discipline coupled with innovative growth strategies is expected to yield substantial benefits for both students and stakeholders moving forward.

For further information, investors are encouraged to visit the Legacy Education website and participate in their upcoming conference call to delve deeper into the financial results and strategic priorities. The live webcast can be accessed via the investor relations section at www.legacyed.com.