Government Solutions – Results-Oriented, Hands-On Training for All Levels of Government

Financial Statements


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

December 29, 2017
(unaudited)

December 30, 2016
(unaudited)

 
Revenues $17,196 $18,552
Cost of revenues 9,096 10,588
     Gross profit 8,100 7,964
 
Operating expenses:
     Course development 707 769
     Sales and marketing 3,248 3,577
     General and administrative 3,562 4,122
     Restructuring charge 264 0
          Total operating expenses 7,781 8,468
 
Loss from operations 319 (504)
Other income (expense), net (27) 201
Loss from operations before income taxes 292 (303)
 
Provision for income tax (63) 76
Net loss 355 (379)
 
Loss per share basic and diluted:
    Basic and diluted loss per share $0.03 $(0.03)
 
LEARNING TREE INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(all amounts in thousands)

December 29, 2017
(unaudited)

 

September 29, 2017

 
Cash and cash equivalents $5,142 $5,080
Trade accounts receivable, net 9,118 9,725
Prepaid expenses and other 3,630 4,035
          Total current assets 17,890 18,840
Depreciable assets, net and other 7,330 7,423
          Total assets $25,220 $26,263
 
Accounts payable and accrued liabilities $11,033 $10,809
Deferred revenues 17,053 18,383
          Total current liabilities   28,086   29,192
Other long term liabilities 8,489 8,893
          Total liabilities   36,575   38,085
 
Stockholders' equity (11,355) (11,822)
          Total liabilities and stockholders' (deficit) equity $25,220 $26,263

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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