LINC Q1 2023 Earnings — Lincoln Educational Services Corporation Revenue & Financial Results | Market Cap Arena

LINCLincoln Educational Services Corporation

$1B

Q1 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$87M+5.7% YoY

Gross Profit

$49M56.4% margin

Operating Income

-$1M-1.3% margin

Net Income

-$109,000-0.1% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

-$214,000

Free Cash Flow

-$3M

Stock-Based Comp.

$812,000

Balance Sheet

Total Assets

$281M

Total Liabilities

$146M

Stockholders' Equity

$135M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$87M	$83M	+5.7%
Gross Profit	$49M	$46M	+6.1%
Operating Income	-$1M	-$326,000	-242.3%
Net Income	-$109,000	$272,000	-140.1%

Revenue Segments

Campus Operations

$86M99%

Transitional

$932,0001%