K12 Reports Revenue Of $221.1M For 1Q of FY 2013 (LRN)
11/11/2012

[LRN ("K12 Inc.") EBITDA, a non-GAAP measure (see reconciliation below), for the first quarter of FY 2013 was $24.3 million, an increase of 14.1 percent]

Online PR News – 11-November-2012 – Las Vegas, NV – K12 Inc. (NYSE: LRN) LRN ("K12 Inc.") previously reported its results for the first fiscal quarter ended September 30, 2012. LRN ("K12 Inc.") Revenues for the first quarter of FY 2013 were $221.1 million, an increase of $27.8 million, or 14.4 percent, over the prior year period. This increase was primarily due to solid organic revenue growth in our core business of providing curriculum, technology and academic services to K-12 managed public schools, partially offset by a decline in Institutional Business revenue, primarily as a result of the perpetual license revenue in the prior year period. LRN ("K12 Inc.") EBITDA, a non-GAAP measure (see reconciliation below), for the first quarter of FY 2013 was $24.3 million, an increase of 14.1 percent. EBITDA in the current year period reflected growth in revenue in the core Managed Public Schools business and a decrease in ERP implementation costs, offset partially by a decrease in Institutional Business revenue. K12 Inc. (NYSE: LRN), a technology-based education company, is the nation's largest provider of proprietary curriculum and online education programs for students in kindergarten through high school. Using 21st century tools to prepare 21st century students, K12 provides a new choice for students to learn in a flexible and innovative way, at an individualized pace. K12 provides curriculums and academic services to public and private online schools and districts, traditional classrooms, blended school programs and directly to families. K12 is accredited through AdvancED, the world's largest education community. Additional information on K12 can be found at www.K12.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crweselect.com/disclaimer)