Legacy Education acquires CCMCC; audited financials show revenue down, net income plunged 79% in 2023

Legacy Education Inc.

CCMCC revenue $6.96M in 2023 vs $7.47M in 2022; net income $313.8K vs $1.49M (YoY drop of ~79%).
2023 and 2022 financials restated due to revenue recognition errors, increasing 2023 net income and decreasing 2022 net income.
Total assets $13.4M, liabilities $10.9M at Dec 31, 2023; acquisition closed Dec 18, 2024 for substantially all assets.
Pro forma financial information for nine months ended Sep 30, 2024 and year ended Jun 30, 2024 filed as Exhibit 99.3.

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