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LANCASTER, Calif. - Legacy Education Inc. (NYSE:LGCY) reported fourth quarter earnings that fell short of expectations, sending shares tumbling 9.9% despite strong revenue growth.
The career education healthcare provider posted fourth quarter earnings per share of $0.09, while revenue surged 40.8% to $17.95 million compared to the same period last year. The company reported net income of $1.2 million for the quarter. New student starts increased 15.7% in the fourth quarter, contributing to the revenue growth.
For the full fiscal year ended June 30, 2025, Legacy Education achieved revenue of $64.2 million, representing a 39.5% increase from the previous year. Annual net income reached $7.5 million with diluted earnings per share of $0.59. The company ended the year with a student population of 3,101, up 41.8% from 2024.
"With record enrollment, expanded program offerings, and strong financial performance, Legacy Education is well-positioned to continue its growth trajectory in 2026," said LeeAnn Rohmann, Chief Executive Officer of Legacy Education Inc . "We remain focused on executing on our mission and building value for our students, the communities we serve, and shareholders."
The company reported educational services expenses increased 29.5% to $34.2 million for the fiscal year, primarily due to increased instructional staffing needed to support higher enrollment. General and administrative expenses rose 48.2% to $19.3 million, with marketing expenses accounting for $4.7 million of the total.
Legacy Education expanded its program offerings during the year, receiving approval for three new degree programs and two certificate programs, while also earning NLN CNEA Initial Accreditation for its RN-BSN Track.
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