LINC Q1 2024 Earnings — Lincoln Educational Services Corporation Revenue & Financial Results | Market Cap Arena

LINCLincoln Educational Services Corporation

$1B

Q1 2024 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$103M+18.4% YoY

Gross Profit

$60M58.4% margin

Operating Income

-$458,000-0.4% margin

Net Income

-$214,000-0.2% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$17M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$355M

Total Liabilities

$191M

Stockholders' Equity

$164M

Cash & Equivalents

$70M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$103M	$87M	+18.4%
Gross Profit	$60M	$49M	+22.7%
Operating Income	-$458,000	-$1M	+59.0%
Net Income	-$214,000	-$109,000	-96.3%

Revenue Segments

Campus Operations

$103M100%