JERICHO, N.Y., Nov. 12, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ:ALRN) announced revenues of $311,659 and $1,416,902 and net losses of $384,701 ($.08 net loss per share) and $503,258 ($.10 net loss per share) for the three and six months ended September 30, 2012, respectively. By comparison, the Company reported revenues of $465,754 and $1,345,651 and net losses of $379,187 ($.08 net loss per share) and $521,730 ($.11 net loss per share) for the three and six months ended September 30, 2011, respectively.
During the three months ended September 30, 2012 revenues decreased approximately 33.1% from the comparable period in the prior fiscal year as a result of decreases in revenue from preschool programs and school staffing services. Revenues for the six months ended September 30, 2012 increased 5.3% over the six months ended September 30, 2011.
Three Months Ended | Six Months Ended | |||||||
09/30/12 | 09/30/11 | 09/30/12 | 09/30/11 | |||||
(Unaudited) | (Unaudited) | |||||||
Revenues | $ | 311,659 | $ | 465,754 | $ | 1,416,902 | $ | 1,345,651 |
Operating loss from continuing operations | (387,627) | (383,782) | (510,337) | (562,545) | ||||
Net loss | $ | (384,701) | $ | (379,187) | $ | (503,258) | $ | (521,730) |
Net earnings (loss) per share: | ||||||||
From continuing operations - basic | $ | (0.08) | $ | (0.08) | $ | (0.10) | $ | (0.11) |
From discontinued operations - basic | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.01 |
Weighted average shares – | ||||||||
basic and diluted | 4,919,615 | 4,919,615 | 4,919,615 | 4,864,710 | ||||
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.
SOURCE American Learning Corporation