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Key Nine Months Results
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Revenue increased 11% to $18.0 million;
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Recurring revenue increased 84% year-over-year to $12.9 million;
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Affiliate enrollment revenue decreased 42% year-over-year to $6.6 million;
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Gross margins improved to 85% versus 80% in the same period last year; and
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Operating income decreased $2.5 million year-over-year to a loss of ($1.5) million.