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SCIL: Shareholders of Scientific Learning Corp. (SCIL) will receive $0.16 per share. An additional merger consideration to be paid after closing as follows: (a) approximately $.02 per share approximately 90 days after closing following a working capital adjustment period; (b) approximately $.07 per share in connection with forgiveness of the company's PPP loan, and (c) approximately $.002 per share upon release of the shareholder's reserve when all post-closing issues have been settled.
FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
$SCIL Scientific Learning Reports Second Quarter 2020 Financial Results
Press Release | 08/10/2020
Scientific Learning Reports Second Quarter 2020 Financial Results
PR Newswire
OAKLAND, Calif., Aug. 10, 2020
OAKLAND, Calif., Aug. 10, 2020 /PRNewswire/ -- Scientific Learning Corp. (OTC PINK:SCIL), a leading SaaS service provider that delivers neuroscience-based educational technologies, today announced it has released its unaudited financial results for the period ending June 30, 2020. Details of the quarterly results can be found at https://www.otcmarkets.com/stock/SCIL/disclosure.
The company managed through the first six months of the year, including through COVID-19 volatility, to maintain a slight, 1% decline in year to date sales in its most important channel, K-12. After finishing the first quarter with 20% growth in K-12, the second quarter was down 11%, as compared to last year. This sales decline was driven by a challenging purchasing environment in K-12 in April, offset by a gradual recovery in May, and closing with our best June sales in four years.
Engaging with K-12 leadership and decision makers was a challenge early in the quarter, with school administrators scrambling to react to school closures caused by COVID-19. May and June's recovery was spurred by increased engagement through new digital and virtual communications. The strong finish helped the company deliver a strong net dollar renewal rate of over 93% for the first half of 2020.
In response to the impact of COVID-19 on the business, the company closed its offices and has had employees work from home since the closure. Also, the company implemented a reduction in hours during the month of April, which saved the company nearly $0.2 million.
On April 20th, the company received a loan from the Small Business Administration through their Paycheck Protection Program ("PPP") in the amount of $1.9 million. This capital has enabled the company to operate during this critical period of business restrictions and lockdowns, while it pivots to focus on what schools, teachers, and students need right now. The company expects that approximately 75% of the loan will be forgiven pursuant to the PPP's loan forgiveness provisions. It is currently waiting for the SBA to provide guidance to banks and allow forgiveness applications to be processed.
"Obviously, we are in an unprecedented chapter in US history. K-12, our most important customer segment, has been working to deliver education against a COVID backdrop since March, which is leading our company to pivot, adapt and be resourceful as well. Sales in Q2 were a roller coaster, and we found our stride in June, with our highest June sales month in four years. We look forward to working to continue this momentum in Q3 when we launch our first market-expanding product component since 2012, manage a lead pool that is 30% higher than a year ago, and provide a great learning tool for remote students. As always, we appreciate the continued support of our shareholders," stated Jeff Thomas, CEO of Scientific Learning.
About Scientific Learning Corp.
Based in Oakland, Calif., Scientific Learning is a leading SaaS education company that delivers neuroscience-based educational technologies. Scientific Learning's programs have been used by more than 3 million learners in more than 2,300 K-12 schools in the United States and Canada, almost 300 private practice clinicians, thousands of students via a direct-to-consumer channel, and in over 55 countries via value-added resellers. The company's Fast ForWord® programs cross-train foundational language and cognitive skills necessary for rapid English language development. Reading Assistant™ uses speech verification technology to provide real-time corrective feedback to students as they read and speak, in a manner similar to that of an individualized language and reading coach.
Safe Harbor Statement: The information posted in this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The forward-looking statements in this release include, among others, statements regarding the potential forgiveness of the PPP loan and the potential benefits of operational gains the company has made. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Factors which could cause results or events to differ from current expectations include, among other things: general economic and business conditions; availability of government funding for the purchase of the Company's educational products; effects of potential geopolitical unrest and regional conflicts; changes in the legal and regulatory environment; competition; and various other factors beyond the Company's control. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.
SCIL breaking out on beautiful weekly
$SCIL recent news/filings
bullish divergence
breakout
good confirming volume
## source: finance.yahoo.com
Tue, 15 Sep 2015 02:05:00 GMT ~ CORRECTING and REPLACING With a Free Trial of Fast ForWord, K–12 Educators Can Help Students Gain up to Two Years of Reading Growth in Four Months
[Business Wire] - In the last sentence of the fourth paragraph, URL should read www.scilearn.com/free-trial
read full: http://finance.yahoo.com/news/free-trial-fast-forword-k-191400988.html
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Fri, 04 Sep 2015 17:04:08 GMT ~ SCIENTIFIC LEARNING CORP Financials
read full: http://finance.yahoo.com/q/is?s=scil
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Fri, 05 Dec 2014 15:13:00 GMT ~ Scientific Learning’s Fast ForWord Program Named a District Administration Magazine 2014 Readers’ Choice Top 100 Product
[Business Wire] - Scientific Learning Corp. today announced that its Fast ForWord® online intervention has been named a 2014 “Readers’ Choice Top 100 Product” by District Administration magazine in recognition of the positive difference it has made in education.
read full: http://finance.yahoo.com/news/scientific-learning-fast-forword-program-151300296.html
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$SCIL charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$SCIL company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/SCIL/company-info
Ticker: $SCIL
OTC Market Place: OTC Pink Current
CIK code: 0001042173
Company name: Scientific Learning Corp.
Company website: http://www.scientificlearning.com
Incorporated In: DE, USA
Business Description: We produce patented solutions essential for academic, career, and lifelong success
$SCIL share structure
## source: otcmarkets.com
Market Value: $7,402,059 a/o Sep 25, 2015
Shares Outstanding: 24,110,940 a/o Jun 30, 2015
Float: Not Available
Authorized Shares: 40,000,000 a/o Jun 30, 2015
Par Value: 0.001
$SCIL extra dd links
Company name: Scientific Learning Corp.
Company website: http://www.scientificlearning.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SCIL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SCIL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SCIL+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/news - http://finance.yahoo.com/q/h?s=SCIL+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SCIL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SCIL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SCIL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Scientific+Learning+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Scientific+Learning+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Scientific+Learning+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.scientificlearning.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.scientificlearning.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.scientificlearning.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SCIL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001042173&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SCIL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SCIL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SCIL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SCIL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SCIL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SCIL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SCIL+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SCIL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SCIL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SCIL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SCIL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SCIL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SCIL/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SCIL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SCIL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SCIL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SCIL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SCIL
$SCIL DD Notes ~ http://www.ddnotesmaker.com/SCIL
They need to fix this stock I think mm are shorting / diluting .
I want to invest
Scientific Learning announces private placement of $7.2 mln (SCIL) 1.65 : Co announced it has entered into definitive agreements in connection with a private placement of equity for gross proceeds of $7.2 mln. Co sold units of common stock and warrants priced at $1.73 per unit. The Company will issue approximately 4.2 mln shares of common stock and warrants to acquire up to approximately 2.5 mln shares of common stock. The warrants have an exercise price of $1.82 per share. The financing is expected to settle on March 28, 2012, subject to customary closing conditions. First Analysis Securities Corporation has acted as the exclusive placement agent on this transaction.
Reading Assistant Software From Scientific Learning Corp. Now Available on SciLEARN Enterprise Platform
http://ih.advfn.com/p.php?pid=nmona&article=51518800&symbol=SCIL
~ Monday! $SCIL ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $SCIL ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=SCIL&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=SCIL&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=SCIL
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=SCIL#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=SCIL+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=SCIL
Finviz: http://finviz.com/quote.ashx?t=SCIL
~ BusyStock: http://busystock.com/i.php?s=SCIL&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=SCIL >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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