Archipelago Learning, Inc. (ARCL, Financial) filed Annual Report for the period ended 2010-12-31.
Archipelago Learning, Inc. has a market cap of $229.2 million; its shares were traded at around $8.7 with a P/E ratio of 27.2 and P/S ratio of 5.4.
Race to the Top. In 2010, the U.S. Department of Education implemented its highly publicized RttT competition whereby winning states were awarded funds totaling $3.4 billion in aggregate for agreeing to implement bold educational reforms. States receiving these RttT funds are expected to implement educational reforms over the next several years. Eleven states and the District of Columbia were awarded $3.9 billion and received the monies between August 2010 and January 2011, once their final applications were approved.
Federal 2011 budget passed. The 2011 U.S. Federal budget was passed by Congress during the fourth quarter of 2010, which is the official start date of the 2011 fiscal year. The budget provides a $3 billion increase in funding for K-12 education programs authorized in ESEA, including $900 million for School Turnaround Grants.
Federal 2012 budget. President Obamas budget proposal is for a 4 percent increase in K-12 related program spending, including key funding sources that districts and schools use to purchase instructional materials: Title I: $14.8 billion; IDEA (Part B State Grants): $11.7billion; School Turnaround Grants: $600 million; Race to the Top and similar competitions: $2.3 billion; and, Investing in Education: $300 million. However, the Presidents budget plan faces an uncertain future as Congress has proposed reducing fiscal 2011 spending by $100 billion, including $5 billion in education funding cuts.
levels. This eliminates the need for schools to have multiple vendors or systems, thereby simplifying purchasing, training and implementation. At an annual price per student per subject of as low as $2, or per student for all subjects as low as $3, Study Island products are significantly less expensive than competing traditional print, software and online alternatives provided by large education publishers. EducationCity products are priced at $469 per subject, per grade level for an individual school. EducationCity offers a home version of the product directly to consumers, which costs $75 per year for a grade level suite of reading, math and science products. Reading Eggs products are priced as low as $3 per student. Northstar Learning products are priced as low as $4 to $18 per student and are also substantially less expensive than traditional textbook and software products currently purchased by students at community colleges, technical colleges, proprietary or for-profit colleges.
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Archipelago Learning, Inc. has a market cap of $229.2 million; its shares were traded at around $8.7 with a P/E ratio of 27.2 and P/S ratio of 5.4.
Highlight of Business Operations:
The aggregate market value of the Common Stock held by non-affiliates of the Registrant, computed by reference to the closing price and shares outstanding, was approximately $117 million as of December 31, 2010, and approximately $136 million as of June 30, 2010, the last business day of the Registrants most recently completed second quarter. Shares of Common Stock held by each officer and director of the Registrant and by each person who may be deemed to be an affiliate have been excluded. This determination of affiliate status is not necessarily a conclusive determination for other purposes.Race to the Top. In 2010, the U.S. Department of Education implemented its highly publicized RttT competition whereby winning states were awarded funds totaling $3.4 billion in aggregate for agreeing to implement bold educational reforms. States receiving these RttT funds are expected to implement educational reforms over the next several years. Eleven states and the District of Columbia were awarded $3.9 billion and received the monies between August 2010 and January 2011, once their final applications were approved.
Federal 2011 budget passed. The 2011 U.S. Federal budget was passed by Congress during the fourth quarter of 2010, which is the official start date of the 2011 fiscal year. The budget provides a $3 billion increase in funding for K-12 education programs authorized in ESEA, including $900 million for School Turnaround Grants.
Federal 2012 budget. President Obamas budget proposal is for a 4 percent increase in K-12 related program spending, including key funding sources that districts and schools use to purchase instructional materials: Title I: $14.8 billion; IDEA (Part B State Grants): $11.7billion; School Turnaround Grants: $600 million; Race to the Top and similar competitions: $2.3 billion; and, Investing in Education: $300 million. However, the Presidents budget plan faces an uncertain future as Congress has proposed reducing fiscal 2011 spending by $100 billion, including $5 billion in education funding cuts.
levels. This eliminates the need for schools to have multiple vendors or systems, thereby simplifying purchasing, training and implementation. At an annual price per student per subject of as low as $2, or per student for all subjects as low as $3, Study Island products are significantly less expensive than competing traditional print, software and online alternatives provided by large education publishers. EducationCity products are priced at $469 per subject, per grade level for an individual school. EducationCity offers a home version of the product directly to consumers, which costs $75 per year for a grade level suite of reading, math and science products. Reading Eggs products are priced as low as $3 per student. Northstar Learning products are priced as low as $4 to $18 per student and are also substantially less expensive than traditional textbook and software products currently purchased by students at community colleges, technical colleges, proprietary or for-profit colleges.
Read the The complete Report
