secwatch.observer — SEC 8-K summary
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Issuer:     LINCOLN EDUCATIONAL SERVICES CORP (LINC)
CIK:        0001286613
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001140361-24-036333
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124036333/0001140361-24-036333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286613/000114036124036333/ef20033735_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-036333

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