Health & Fitness
Health and Fitness
Health and Fitness 
Mon, February 14, 2011
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Sat, February 12, 2011
Fri, February 11, 2011
American Learning Corporation Reports Third Quarter Results
JERICHO, N.Y.--([ BUSINESS WIRE ])--American Learning Corporation (the aCompanya) (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 yeara™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 a" | ||||||||||||||||
| basic and diluted | 4,754,900 | 4,754,900 | 4,754,900 | 4,754,900 | ||||||||||||
Gary Gelman, the Companya™s Chairman of the Board, stated that he is very pleased with the continued organic growth experienced in the Companya™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.