secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001140361-23-051529
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lincoln Ed Q3: revenue $99.5M (+10.5%), EPS $0.07, raises FY2023 guidance
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- Revenue grew 10.5% to $99.5M; adjusted EBITDA $6.1M; EPS $0.07.
- New student starts up 7.1%; average revenue per student up 7.3%.
- Full-year guidance raised: revenue $370–375M, adjusted EBITDA $24–26M, student start growth 8–11%.
- New Houston campus (100k sq ft) announced; Nashville/Philadelphia relocations/expansions; Atlanta campus on track for Q1 2024.
- No debt outstanding; total liquidity $70.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036123051529/0001140361-23-051529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036123051529/ef20014081_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-051529

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