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
and diluted | $ | (0.08) | $ | (0.08) | $ | (0.10) | $ | (0.11) |
From discontinued operations - basic
and diluted | $ | 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