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

National American University Holdings, Inc. Reports Fiscal 2012 Third Quarter And Nine Months Results

National American University Holdings, Inc. (the “Company”) (NASDAQ: NAUH), which through its wholly owned subsidiary operates National American University (“ NAU”), a regionally accredited, proprietary, multi-campus institution of higher learning, today reported unaudited financial results for its fiscal year 2012 third quarter and nine months ended February 29, 2012.

Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, commented, “We continue to be very pleased with our top-line growth and profitability, which we feel is a strong accomplishment given our geographic and programmatic expansion in a heightened regulatory environment. NAU has grown from 17 locations to 35 in the past three years (with four pending). NAU increased its enrollment by 10.5% over the same period last year during the fiscal 2012 third quarter, largely as a result of this expansion. Throughout fiscal 2012, we have incurred higher expenses through the addition of staffing, marketing, and facility expense at these new campus locations without offsetting revenue and enrollment. As NAU moves into the fiscal 2013 year, we plan to transition from this geographic expansion strategy to a more vertical approach of growth, developing programs and focusing on enrollment growth at each of our campus locations throughout the U.S., while building on our highly respected academic standards.”

Operating Review

Update on Facility Expansion

NAU currently owns one property and leases 35 physical properties in the states of Colorado, Indiana, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Oklahoma, Oregon, South Dakota and Texas. NAU’S online academic and degree programs continue to grow. In addition, NAU continues to operate additional hybrid locations which utilize small physical facilities in strategic geographic areas, allowing its students to meet face-to-face with staff for assistance on their educational choices and related services while completing the majority of the coursework online.

During the remainder of fiscal year 2012, the Company is committed to moving forward with its campus expansion plans, while closely tracking the expenditures associated with these new educational sites, new program development, and program expansion within the SG&A expense category. The Company expects that its SG&A as a percentage of total revenue will decline as it focuses on increasing enrollment at its existing campus locations over the next fiscal year.

1 of 6

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

DOW 17,714.48 +94.97 0.54%
S&P 500 2,071.11 +8.00 0.39%
NASDAQ 4,997.6880 +10.8210 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs