secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001140361-22-006965
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Ed Q4 revenue up 7.4% to $87.8M, net income $24M; 2022 guidance $350-365M
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- Q4 revenue $87.8M (+7.4% YoY); average students up 6.3%; ending population up 6.9% (+850).
- Adjusted EBITDA $15.1M (+13.1%); net income $24.0M ($0.73 diluted).
- Sale-leaseback gain $22.5M; retired all $17M debt; net cash $83.3M (up $62.5M YoY).
- FY2021 revenue $335.3M (+14.4%); student starts up 7.5% to 15,402; Adj. EBITDA $38.1M (+59%).
- 2022 guidance: rev $350-365M, Adj. EBITDA $35-40M, net income $17-22M; start growth 5-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122006965/0001140361-22-006965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036122006965/brhc10034533_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-006965

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer