{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-028645","form_type":"8-K","ticker":"LINC","cik":"0001286613","company_name":"LINCOLN EDUCATIONAL SERVICES CORP","filed_at":"2022-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.279303+00:00","generated_at":"2026-06-24T02:37:49.596621+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lincoln Educational Q2 revenue $82.1M (+2.1%), lowers FY2022 guidance as student start conversion lags","bullets":["Revenue $82.1M (+2.1% YoY); student starts up 4.0%, but conversion rate lower than expected.","Adjusted EBITDA $2.4M; net income not disclosed; cash from operations $4.4M; cash $67.0M debt free.","FY2022 guidance cut: revenue $340-350M (prev ~$350M?), Adjusted EBITDA $25-30M, net income $10-15M.","Announced new Atlanta campus (55k sq ft) expected to open Q3 2023, $12M capex, $20M annual revenue at maturity.","Repurchased 414,963 shares for $2.5M under $30M buyback program; sold Suffield, CT property for $2.4M net."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-028645","json":"https://secwatch.observer/filing/0001140361-22-028645.json","markdown":"https://secwatch.observer/filing/0001140361-22-028645.md","text":"https://secwatch.observer/filing/0001140361-22-028645.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122028645/0001140361-22-028645-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1286613/000114036122028645/brhc10040474_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T02:37:49.596621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}