secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001261654-21-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI posts Q3 revenue up 54% to $83.8M, net income of $3.0M vs loss; reaffirms FY guidance
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- Revenue $83.8M (+53.8% YoY); net income $3.0M vs net loss of $13.3M in prior year.
- Adjusted EBITDA $7.2M vs adjusted EBITDA loss of $8.8M; basic EPS $0.03 vs ($0.45).
- New student starts increased 38.8% YoY; average active students up 19.1%.
- Management reaffirms fiscal 2021 guidance; cites strong demand and operating improvements.
- Pending acquisition of MIAT College of Technology mentioned; liquidity $103.1M including short-term securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165421000056/0001261654-21-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165421000056/uti-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001261654-21-000056

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