LINC Q2 2023 Earnings — Lincoln Educational Services Corporation Revenue & Financial Results | Market Cap Arena

LINCLincoln Educational Services Corporation

$1B

Q2 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$89M+7.9% YoY

Gross Profit

$49M54.8% margin

Operating Income

$24M26.5% margin

Net Income

$17M19.5% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$3M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$311M

Total Liabilities

$157M

Stockholders' Equity

$154M

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$89M	$82M	+7.9%
Gross Profit	$49M	$46M	+5.6%
Operating Income	$24M	$396,000	+5838.1%
Net Income	$17M	$259,000	+6560.2%

Revenue Segments

Campus Operations

$88M100%

Transitional

$433,0000%