Scientific Learning Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Impairment Charges for the Third Quarter Ended September 30, 2013
For the nine months, the company reported total revenues of $16,028,000 against $21,062,000 a year ago. Operating loss was $1,776,000 against $11,349,000 a year ago. Loss before provision for income tax was $1,916,000 against $10,254,000 a year ago. Net loss was $1,990,000 against $10,423,000 a year ago. Basic and diluted loss per share was $0.08 against $0.48 a year ago. Net cash used in operating activities was $2,917,000 against $10,807,000 a year ago. Purchases of property and equipment and additions to capitalized software were $182,000 against $476,000 a year ago. Adjusted LBITDA was $116,000 against $7,406,000 a year ago.
For the quarter, the company reported impairment charge of $32,000 against $200,000 a year ago.