This Day On The Street
Continue to site
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 2013 First Quarter Results

Fiscal 2013 First Quarter Financial Results

  • Total revenues for the FY 2013 first quarter increased 16.0% to $29.5 million from $25.4 million for the same period last year. As a result of NAU’s enrollment growth, the academic segment’s total revenue increased 16.1% to $29.2 million from $25.1 million for the prior-year period.
  • For the FY 2013 first quarter, educational services expense was $7.1 million, or 24.5% of the academic segment’s total revenue, compared to $6.4 million, or 25.3%, for the FY 2012 first quarter.

    Educational services expense specifically relates to the academic segment, and includes salaries and benefits of faculty and academic administrators, costs of educational supplies, facility costs, faculty reference and support material and related academic costs.
  • During the FY 2013 first quarter, SG&A expenses were $20.4 million, or 69.3% of total revenues, compared to $16.8 million, or 66.1%, in the prior-year period. The increase was primarily due to additional costs related to ramping up operations at NAU’s new physical locations, including $1.4 million for 83 new staff members to provide the support services necessary for NAU’s growing student population, as well as $0.4 million in increased expenses for health-related insurance claims. The Company also incurred additional expenses to sustain ongoing operations that provide the support and services necessary for the growing student population.
  • The Company reported a loss before income taxes and non-controlling interest for the FY 2013 first quarter of $0.2 million, compared to income before income taxes and non-controlling interest of $1.8 million for the same period last year. The loss was primarily due to the higher SG&A expenses described above.
  • Net loss attributable to the Company for the FY 2013 first quarter was $0.2 million, or $0.01 per diluted share based on 25.6 million shares outstanding, compared to net income attributable to the Company of $1.0 million, or $0.04 per diluted share based on 27.1 million shares outstanding, in the prior-year period.
  • EBITDA for the FY 2013 first quarter was $1.4 million, compared to $2.7 million in the prior-year period. A table reconciling EBITDA to net income can be found at the end of this release.

Balance Sheet Highlights

(in millions except for percentages)



% Change
Cash and Cash Equivalents $ 16.4 $ 15.7 4.9%
Available for Sale Investments 11.4 14.9 -23.6%
Working Capital 21.8 24.6 -11.2%
Total Long-term Debt 0 0 N/A
Stockholders’ Equity 49.6 50.7 -2.2%

Quarterly Dividend

On August 27, 2012, the Board of Directors declared a cash dividend in the amount of $0.04 per share on all shares of the Company’s common stock outstanding and of record as of the close of business on September 30, 2012, to be paid on or about October 5, 2012. This quarterly $0.04 dividend represents a 23% increase over the previous quarter’s $0.0325 dividend.

3 of 5

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs