> Legacy Education Alliance announced this week that it has settled credit card litigation and will receive an aggregate sum of $5.0 million in the settlement.
> The settlement will impact the company s 4Q17 financial statements. We estimate that the funds will equate to a one-time EPS benefit of $0.18 to $0.22 per share.
> The settlement funds will bolster the company s cash reserves that it can tap to further its growth initiatives.
> Consistent with the company s goal to be the leading global provider of services and products that enable people to assume control of their finances, Legacy has implemented several growth initiatives. These include international expansion and increased focus on enhancing the online delivery of its courses in order to provide greater flexibility in a digital world.
> Thus far, the company s measures have resulted in strong growth. For example, in the first half of 2017, Legacy s total cash sales advanced 16.4% year-over-year to $51.2 million.
> The company expects to achieve continued growth and margin expansion through product mix shifts, as it expands its online course delivery and evaluates opportunities to expand its course offerings, and brand development and price level improvements.
Recent LEAI News
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/17/2024 10:43:40 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 09:28:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 09:26:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 09:25:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 09:23:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 10:25:54 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 07:36:27 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM