American Learning Corp (ALRN, Financial) filed Quarterly Report for the period ended 2012-06-30.
American Learning Corp has a market cap of $5.2 million; its shares were traded at around $1.06 with and P/S ratio of 1.6. American Learning Corp had an annual average earning growth of 14.4% over the past 5 years.
Cost of services as a percentage of revenues for the three month periods ended June 30, 2012 and 2011 were approximately 62.4% and 65.9%, respectively. Each year, we are required to file a standardized fiscal cost report with New York State which is used to calculate reconciliation tuition rates/adjustment factors and prospective tuition rates for our SEIT program. As a result of this rate reconciliation process, the cost of services as a percentage of revenue for the three months ended June 30, 2011 increased due to a 4.0% reduction in fees paid by preschools under the rate reconciliation process.
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American Learning Corp has a market cap of $5.2 million; its shares were traded at around $1.06 with and P/S ratio of 1.6. American Learning Corp had an annual average earning growth of 14.4% over the past 5 years.
Highlight of Business Operations:
Revenues for the three months ended June 30, 2012 were $1,105,243, an increase of approximately 25.6% from the $879,897 reported for the three month period ended June 30, 2011. This increase was the result of revenues generated by school staffing services provided to charter schools which totaled $672,007 during the three months ended June 30, 2012. By comparison, school staffing services totaled $453,474 in the corresponding period of the prior fiscal year. Revenues generated under our SEIT program remained consistent during the three months ended June 30, 2012 with revenues in the corresponding period in the prior fiscal year.Cost of services as a percentage of revenues for the three month periods ended June 30, 2012 and 2011 were approximately 62.4% and 65.9%, respectively. Each year, we are required to file a standardized fiscal cost report with New York State which is used to calculate reconciliation tuition rates/adjustment factors and prospective tuition rates for our SEIT program. As a result of this rate reconciliation process, the cost of services as a percentage of revenue for the three months ended June 30, 2011 increased due to a 4.0% reduction in fees paid by preschools under the rate reconciliation process.
Read the The complete Report
