This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Learning Corporation Reports First Quarter Results

American Learning Corporation (the “Company”) (NASDAQ:ALRN) announced revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2011. By comparison, the Company reported a net loss of $49,970 ($.01 net loss per share) for the three months ended June 30, 2010.

As previously announced, the Company sold certain assets of Interactive Therapy Group Consultants, Inc. (“ITG”) related to ITG’s business in the upstate region of New York State (the “Upstate Region”). Accordingly, all results related to ITG’s Upstate Region have been reflected as discontinued operations.

During the three months ended June 30, 2011 revenues increased 21.0% over the comparable period in the prior fiscal year due to increases in preschool programs and school staffing services.

On June 30, 2011, the Company completed a private placement of 164,715 shares of the Company’s common stock to non-affiliated accredited investors at a per share price of $1.80. Total aggregate proceeds of $296,487 were received by the Company.
       
Three Months Ended
06/30/11   06/30/10
(Unaudited)
Revenues $ 879,897 $ 727,483
 
Operating loss from continuing operations (178,763 ) (232,129 )
 
Loss before discontinued operations (174,394 ) (231,811 )
 
Net loss $ (142,543 ) $ (49,970 )
 
Net earnings (loss) per share:
From continuing operations - basic
and diluted $ (0.04 ) $ (0.05 )
From discontinued operations - basic
and diluted $ 0.01   $ 0.04  
 
Weighted average shares –
basic and diluted 4,809,805 4,754,900
 

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,734.36 -17.03 -0.10%
S&P 500 2,106.84 -1.73 -0.08%
NASDAQ 5,126.9110 +15.1780 0.30%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs