LINC Q1 2022 Earnings — Lincoln Educational Services Corporation Revenue & Financial Results | Market Cap Arena

LINCLincoln Educational Services Corporation

$1B

Q1 2022 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$83M+5.8% YoY

Gross Profit

$46M56.2% margin

Operating Income

-$326,000-0.4% margin

Net Income

$272,0000.3% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$15M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$288M

Total Liabilities

$147M

Stockholders' Equity

$141M

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$83M	$78M	+5.8%
Gross Profit	$46M	$46M	+1.5%
Operating Income	-$326,000	$6M	-105.4%
Net Income	$272,000	$4M	-93.9%

Revenue Segments

Transportation and Skilled Trades

$59M71%

Healthcare and Other Professions Business Segment

$24M29%