Lincoln Educational Q2 revenue +16.1% to $102.9M; raises FY2024 guidance

LINCOLN EDUCATIONAL SERVICES CORP

2024-Q2 EPS reported -$0.03 revenue$206,281,000

Revenue $102.9M (+16.1% YoY); student starts +12.3%; quarter-end student population +11.4%.
Net loss $0.7M; Adjusted EBITDA $6.2M, more than doubling vs prior year.
Total liquidity >$100M, no debt outstanding; cash flow supports growth.
FY2024 revenue guidance raised to $423-430M; lower end of adj. EBITDA, adj. net income, student starts raised.
New East Point, GA campus student starts exceed full-year plan; Nashville and Levittown relocations on track for H1 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.