Legacy Education Alliance, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 01:33 pm
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Legacy Education Alliance, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 9.181 million compared to USD 22.055 million a year ago. Operating income was USD 5.981 million compared to USD 2.133 million a year ago. Net income was USD 4.689 million compared to USD 1.647 million a year ago. Basic earnings per share was USD 0.2 compared to USD 0.07 a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.09 a year ago. For the nine months, sales was USD 27.086 million compared to USD 62.010 million a year ago. Operating income was USD 13.921 million compared to USD 1.797 million a year ago. Net income was USD 11.525 million compared to USD 1.267 million a year ago. Basic earnings per share was USD 0.5 compared to USD 0.05 a year ago. Diluted earnings per share was USD 0.49 compared to USD 0.05 a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.09 a year ago.
Legacy Education Alliance, Inc. is a provider of practical and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets, including investment strategies and techniques. Its programs are offered through a variety of formats and channels, including free workshops, basic trainings, forums, telephone mentoring, one-on-one mentoring, coaching, and e-learning. The Company marketed its products and services under the brand Building Wealth with Legacy. The Companyâs students pay for their courses in full up-front or through payment agreements with independent third parties. The Company also provides one-on-one mentoring (two to four days in length, on site or remotely) and telephone mentoring (10 to 16 weekly one-on-one or one-on-many telephone sessions). Its training programs include basic training courses (live and online), elite level training courses (live and online), and individualized mentoring programs.
LEGACY EDUCATION ALLIANCE, INC. 
