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Financial Statements


LEARNING TREE INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(all amounts in thousands, except per share amounts)
 
Three Months Ended

December 30, 2016
(unaudited)

January 1, 2016
(unaudited)

 
Revenues $18,552 $20,131
Cost of revenues 10,588 11,854
     Gross profit 7,964 8,277
 
Operating expenses:
     Course development 769 1,314
     Sales and marketing 3,577 4,619
     General and administrative 4,122 4,614
          Total operating expenses 8,468 10,547
 
Loss from operations (504) (2,270)
 
Other income (expense), net 201 76
 
Loss from operations before income taxes (303) (2,194)
Provision for income tax 76 85
Net loss (379) (2,279)
 
Loss per share basic and diluted:
    Basic and diluted loss per share $(0.03) $(0.17)
 
LEARNING TREE INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(all amounts in thousands)

December 30, 2016
(unaudited)

 

September 30, 2016

 
Cash and cash equivalents $7,219 $8,540
Trade accounts receivable, net 7,266 9,538
Prepaid expenses and other 3,561 3,548
          Total current assets 18,046 21,626
Depreciable assets, net and other 9,574 9,981
          Total assets $27,620 $31,607
 
Accounts payable and accrued liabilities $10,220 $11,149
Deferred revenues 18,802 21,017
          Total current liabilities   29,022   32,166
Other long term liabilities 9,151 9,230
          Total liabilities   38,173   41,396
 
Stockholders' equity (10,553) (9,789)
          Total liabilities and stockholders' (deficit) equity $27,620 $31,607

Contact Information

For more information, please contact David Asai at our Herndon, Virginia Corporate Office (703) 925-6337, or Click here »

Learning Tree International, 13650 Dulles Technology Drive, Suite 400, Herndon, VA 20171-6156

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