LINC Q3 2022 Earnings — Lincoln Educational Services Corporation Revenue & Financial Results | Market Cap Arena

LINCLincoln Educational Services Corporation

$1B

Q3 2022 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$92M+3.1% YoY

Gross Profit

$52M56.5% margin

Operating Income

$5M5.3% margin

Net Income

$4M3.9% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+11.8%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$7M

Stock-Based Comp.

$637,000

Balance Sheet

Total Assets

$291M

Total Liabilities

$153M

Stockholders' Equity

$138M

Cash & Equivalents

$70M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$92M	$89M	+3.1%
Gross Profit	$52M	$51M	+1.8%
Operating Income	$5M	$6M	-15.1%
Net Income	$4M	$4M	-7.7%

Revenue Segments

Transportation and Skilled Trades

$67M73%

Healthcare and Other Professions Business Segment

$24M27%