JERICHO, N.Y., Aug. 10, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ: ALRN) announced revenues of $1,105,243 and a net loss of $118,557 ($.02 net loss per share) for the three months ended June 30, 2012. By comparison, the Company reported revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2012.
During the three months ended June 30, 2012 revenues increased 25.6% over the comparable period in the prior fiscal year due to increases in school staffing services to charter schools.
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| Three Months Ended |
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| 06/30/12 |
| 06/30/11 |
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| (Unaudited) |
Revenues |
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| $ 1,105,243 |
| $ 879,897 |
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Operating loss from continuing operations |
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| (122,710) |
| (178,763) |
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Loss before discontinued operations |
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| (118,557) |
| (174,394) |
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Net loss |
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| $ (118,557) |
| $ (142,543) |
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Net earnings (loss) per share: |
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From continuing operations - basic |
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and diluted |
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| $ (0.02) |
| $ (0.04) |
From discontinued operations - basic |
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and diluted |
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| $ - |
| $ 0.01 |
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Weighted average shares – |
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basic and diluted |
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| 4,919,615 |
| 4,809,805 |
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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