FinancialContent is the trusted provider of stock market information to the media industry.
American Learning Corporation Reports Third Quarter Results

American Learning Corporation (the “Company”) (NASDAQ:ALRN) announced that the Company had achieved increases in revenues and decreases in its net losses for the three and nine months ended December 31, 2010 compared to the prior year’s comparable periods.

For the quarterly period ended December 31, 2010, the Company reported revenues of $1,941,029 and a net loss of $175,247 ($.04 net loss per share). By comparison, the Company had revenues of $1,734,379 and a net loss of $266,512 ($.06 net loss per share) for the three months ended December 31, 2009.

During the three and nine month periods ended December 31, 2010, revenues increased approximately 12% and 15%, respectively, over the comparable periods in the prior fiscal year as a result of increases in preschool programs and school staffing services.

Three Months Ended Nine Months Ended
12/31/10 12/31/09 12/31/10 12/31/09
(Unaudited) (Unaudited)
Revenues $ 1,941,029 $ 1,734,379 $ 5,709,925 $ 4,959,375
Operating loss (175,827 ) (267,411 ) (593,898 ) (666,525 )
Net loss $ (175,247 ) $ (266,512 ) $ (590,837 ) $ (659,790 )
Net loss per share - basic and diluted $ (0.04 ) $ (0.06 ) $ (0.12 ) $ (0.14 )
Weighted average shares –
basic and diluted 4,754,900 4,754,900 4,754,900 4,754,900

Gary Gelman, the Company’s Chairman of the Board, stated that he is very pleased with the continued organic growth experienced in the Company’s services. He also stated that the Company has now initiated an aggressive search for accretive acquisition candidates to grow and maximize shareholder value.

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.

Contacts:

American Learning Corporation
Gary J. Knauer, 516-938-8000
Chief Financial Officer
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More