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Learning Tree International Inc. (OTCMKTS:LTRE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $0.40 and traded as high as $0.76. Learning Tree International shares last traded at $0.76, with a volume of 2,500 shares
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International (OTCQX: LTRE): LEARNING TREE INTERNATIONAL OTCQX: LTRE THIRD QUARTER FISCAL YEAR 2018Tuesday, August 7, 20184:30 pm ET / 1:30 pm PT 1 888 339.2688 (US / Domestic Callers)+1 617 847.3007 (International Callers)Participant Code: 616 771 60 Following the issuance of Learning Tree’s Third Quarter 2018 Earnings Report on Tuesday, August 7, 2018, senior management will discuss the results and hold a question and answer session. To participate, please call the access number listed above at least five minutes before 4:30 pm ET/1:30 pm PT; and/or go to Learning Tree's website at www.learningtree.com/investor to gain access and listen to the live webcast. If you are unable to participate, the Webcast replay can also be accessed via the internet through the Investor Relations section of Learning Tree's web site at www.learningtree.com/investor. To register your intention to participate please contact:LuAnne SkillingerLearning Tree International703-925-5608LuAnne_Skillinger@LearningTree.com We greatly appreciate your calling to alert us to your intended participation. Prior notice ensures the reservation of enough lines to accommodate all participants. Thank you in advance for your cooperation.
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International (OTCQX: LTRE): LEARNING TREE INTERNATIONAL OTCQX: LTRE SECOND QUARTER FISCAL YEAR 2018Tuesday, May 8, 20184:30 pm ET / 1:30 pm PT 1 888 419.5570 (US / Domestic Callers)+1 617 896.9871 (International Callers)Participant Code: 991 874 08 Following the issuance of Learning Tree’s Second Quarter 2018 Earnings Report on Tuesday, May 8, 2018, senior management will discuss the results and hold a question and answer session. To participate, please call the access number listed above at least five minutes before 4:30 pm ET/1:30 pm PT; and/or go to Learning Tree's website at www.learningtree.com/investor to gain access and listen to the live webcast. If you are unable to participate, the Webcast replay can also be accessed via the internet through the Investor Relations section of Learning Tree's web site at www.learningtree.com/investor. To register your intention to participate please contact:LuAnne SkillingerLearning Tree International703-925-5608LuAnne_Skillinger@LearningTree.com We greatly appreciate your calling to alert us to your intended participation. Prior notice ensures the reservation of enough lines to accommodate all participants. Thank you in advance for your cooperation.
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International (OTCQX: LTRE): LEARNING TREE INTERNATIONAL OTCQX: LTRE FIRST QUARTER FISCAL YEAR 2018Thursday, February 8, 20184:30 pm ET / 1:30 pm PT 1 888 419.5570 (US / Domestic Callers)+1 617 896.9871 (International Callers)Participant Code: 411 397 71 Following the issuance of Learning Tree’s First Quarter 2018 Earnings Report on Thursday, February 8, 2018, senior management will discuss the results and hold a question and answer session. To participate, please call the access number listed above at least five minutes before 4:30 pm ET/1:30 pm PT; and/or go to Learning Tree's website at www.learningtree.com/investor to gain access and listen to the live webcast. If you are unable to participate, the Webcast replay can also be accessed via the internet through the Investor Relations section of Learning Tree's web site at www.learningtree.com/investor. To register your intention to participate please contact:LuAnne SkillingerLearning Tree International703-925-5608LuAnne_Skillinger@LearningTree.com We greatly appreciate your calling to alert us to your intended participation. Prior notice ensures the reservation of enough lines to accommodate all participants. Thank you in advance for your cooperation.
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International (OTCQX: LTRE): LEARNING TREE INTERNATIONAL FOURTH QUARTER AND FULL FISCAL YEAR 2017 Friday, December 15, 2017 4:30 pm ET / 1:30 pm PT 1 888 419.5570 (US / Domestic Callers) +1 617 896.9871 (International Callers) Participant Code: 820 169 19 Following the issuance of Learning Tree’s Fourth Quarter and Full Year 2017 Earnings Report on Friday, December 15, 2017, senior management will discuss the results and hold a question and answer session. To participate, please call the access number listed above at least five minutes before 4:30 pm ET/1:30 pm PT; and/or go to Learning Tree's website at www.learningtree.com/investor to gain access and listen to the live webcast. If you are unable to participate, the Webcast replay can also be accessed via the internet through the Investor Relations section of Learning Tree's web site at www.learningtree.com/investor. To register your intention to participate please contact: LuAnne Skillinger Learning Tree International 703-925-5608 LuAnne_Skillinger@LearningTree.com We greatly appreciate your calling to alert us to your intended participation. Prior notice ensures the reservation of enough lines to accommodate all participants. Thank you in advance for your cooperation.
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International, Inc. (OTCQX: LTRE) announced today its revenues and results of operations for its third quarter 2017, which ended June 30, 2017. In its third quarter of fiscal year 2017, Learning Tree reported revenues of $16.4 million, loss from operations of $0.5 million, and a net loss of $0.9 million, or $(0.07) per share. These results compare with revenues of $21.1 million, loss from operations of $3.0 million, and net loss of $2.8 million, or $(0.21) per share, in Learning Tree’s third quarter of fiscal year 2016. The 22.2% decline in revenues for our third quarter of fiscal year 2017 when compared to the third quarter of fiscal year 2016, was partially offset by a 27.7% reduction in cost of revenues. Total operating expenses decreased 31.8% quarter over quarter, from $10.8 million to $7.4 million. For the first nine months of fiscal year 2017, Learning Tree reported revenues of $51.0 million, loss from operations of $3.1 million, and a net loss of $3.6 million, or $(0.27) per share. These results compare with revenues of $59.9 million, loss from operations of $10.5 million, and a net loss of $10.5 million, or $(0.79) per share, for the first nine months of fiscal year 2016. The results for the first nine months of fiscal year 2017 includes an additional restructuring charge of $0.4 million related to our Reston, Virginia facility due to changes in estimates used to calculate the original charge. Excluding the restructuring charge, the loss from operations for the first nine months of fiscal year 2017 would have been $2.7 million. At June 30, 2017, our capital resources consisted of cash and cash equivalents of $5.1 million. We have entered into a financing and security agreement that provides us with access to borrow through advances of funds up to a maximum aggregate principal amount of $3.0 million. To date, we have not borrowed any funds under the financing and security agreement. Conference Call and Webcast Learning Tree will host an investor conference call to discuss its results for the third quarter and future outlook at 4:30 p.m. ET, August 8, 2017. To participate, call (888) 419-5570 or +1 (617) 896-9871 (International Callers) and enter pass code: 396 447 18 at least five minutes before 4:30pm (ET) / 1:30pm (PT) on Tuesday, August 8, 2017; or, go to Learning Tree’s Investor website at www.learningtree.com/investor to gain access and listen to the live webcast. A webcast replay of the investor conference call will be available for 90 days via the Internet through the Investor Relations section of Learning Tree’s website at www.learningtree.com/investor. We have also filed our Quarterly Report on Form 10-Q for our third quarter of fiscal year 2017 with the Securities and Exchange Commission (“SEC”) which is available at the SEC's Internet site (http://www.sec.gov). About Learning Tree International, Inc. Established in 1974, Learning Tree is a leading provider of IT and management training to business and government organizations worldwide. In addition, Learning Tree provides Workforce Optimization Solutions — a modern approach to delivering learning and development services that improves the adoption of skills, and accelerates the implementation of technical and business processes required to improve IT service delivery. These services include: needs assessments, skill gaps analyses, blended learning solutions, and Project Acceleration Workshops. Over 2.4 million professionals have enhanced their skills through Learning Tree’s extensive library of proprietary and partner content on topics including: web development, cyber security, program and project management, Agile, operating systems, networking, cloud computing, leadership, and more. Courses are offered at Learning Tree Education Centers and training locations around the world, on-site at client facilities, or via Learning Tree AnyWareTM, the company’s web-based, remote-attendance platform. To learn more, call 1-888-THE-TREE (843-8733) or visit LearningTree.com. Non-GAAP Financial Measures The non-GAAP financial measures related to the exclusion of the restructuring charge presented in the first paragraph are used by our management and our Board of Directors, in addition to our GAAP results, to facilitate the assessment of our financial performance and to assess our performance compared to our annual budget and strategic plans. These non-GAAP financial measures complement our GAAP reporting and are presented to provide investors, analysts and others information that we use to manage and evaluate our performance. This information supplements our GAAP reported results, and should not be viewed in isolation from, or as a substitute for, our GAAP results. Accordingly, this financial information should be read in conjunction with our consolidated financial statements, and notes thereto, included in our quarterly reports on Form 10-Q and our annual report on Form 10-K. Cautionary Statement Regarding Forward Looking Statements The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on Learning Tree. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Learning Tree. There can be no assurance that future developments affecting Learning Tree will be the same as those anticipated. Learning Tree cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. Investors should not put undue reliance on these forward-looking statements, since they are based on key assumptions about future risks and uncertainties. Some of these risks and uncertainties that could affect Learning Tree and its business include, but are not limited to the following: our ability to continue as a going concern; our ability to obtain additional liquidity in amounts and on terms acceptable to the Company; our ability to reverse our trend of declining year over year revenues, negative cash flows from operations, and maintain liquidity; our ability to successfully implement our new strategies to increase revenue and to achieve our cost reduction goals; competition; international operations, including currency fluctuations; attracting and retaining qualified personnel; intellectual property, including having to defend potential infringement claims; implementation of partnerships with third party providers of courses and or course material; efficient delivery and scheduling of Learning Tree's courses; technology development and new technology introduction; the timely development, introduction, and customer acceptance of our courses and other products; a majority of our outstanding common stock is beneficially owned by our chairman and his spouse; risks associated with cyber security; changing economic and market conditions; and adverse weather conditions, strikes, acts of war or terrorism and other external events. Learning Tree is not undertaking any obligation to update forward-looking statements contained herein to reflect future events, developments or changed circumstances. In order to help the reader assess the factors and risks in Learning Tree's business that could cause actual results to differ materially from those expressed in the forward looking statements, Learning Tree discusses in its 2016 Annual Report on Form 10-K (“Form 10-K”), those risks in Item 1A, “Risk Factors”, as well as in its other filings with the SEC. Please read the Form 10-K, including the Risk Factors included therein, which is filed with the SEC and available at the SEC's Internet site (http://www.sec.gov). Three Months Ended Nine Months Ended June 30, July 1, June 30, July 1, 2017 2016 2017 2016 $ 51,027 $ 59,892 Loss from operations before income taxes $ (877 $ (2,830 $ (3,605 $ (10,480 $ (0.27 (0.79 June 30, September 30, 2017 2016 (unaudited)
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International, Inc. (OTCQX: LTRE) announced today its revenues and results of operations for its second quarter 2017, which ended March 31, 2017. In its second quarter of fiscal year 2017, Learning Tree reported revenues of $16.1 million, loss from operations of $2.1 million, and a net loss of $2.3 million, or $(0.18) per share. The loss from operations in the second quarter of fiscal year 2017 includes an additional restructuring charge of $0.4 million related to our Reston, Virginia facility due to changes in estimates used to calculate the original charge. Excluding the restructuring charge, the loss from operations would have been $1.7 million. These results compare with revenues of $18.7 million, loss from operations of $5.2 million, and net loss of $5.4 million, or $(0.41) per share, in Learning Tree’s second quarter of fiscal year 2016. The 14.0% decline in revenues for our second quarter of fiscal year 2017 when compared to the second quarter of fiscal year 2016, was more than offset by a 23.9% reduction in cost of revenues resulting in a 6.8% increase in gross profit quarter over quarter. Total operating expenses excluding the restructuring charge decreased 27.9% quarter over quarter, from $11.3 million to $8.1 million. For the first six months of fiscal year 2017, Learning Tree reported revenues of $34.6 million, loss from operations of $2.6 million, and a net loss of $2.7 million, or $(0.21) per share. These results compare with revenues of $38.8 million, loss from operations of $7.5 million, and a net loss of $7.7 million, or $(0.58) per share, for the first six months of fiscal year 2016. The results for the first six months of fiscal year 2017 include the $0.4 million restructuring charge described above. Our liquidity and working capital needs have historically been funded through our cash and cash equivalents. At March 31, 2017, our capital resources consisted of cash and cash equivalents of $5.3 million. We have entered into a financing and security agreement with Action Capital Corporation (“Action Capital”) that provides us with access to borrow through advances of funds up to a maximum aggregate principal amount of $3.0 million. To date, we have not borrowed any funds under the financing and security agreement. We are continuing to work to further improve our liquidity position and are evaluating additional sources of capital and financing. However, there is no assurance that additional capital and/or financing will be available to us, and even if available, whether it will be on terms acceptable to us or in amounts required. Conference Call and Webcast Learning Tree will host an investor conference call to discuss its results for the second quarter and future outlook at 4:30 p.m. ET, May 11, 2017. To participate, call (888) 419-5570 or +1 (617) 896-9871 (International Callers) and enter pass code: 218 492 62 at least five minutes before 4:30pm (ET) / 1:30pm (PT) on Thursday, May 11, 2017; or, go to Learning Tree’s Investor website at www.learningtree.com/investor to gain access and listen to the live webcast. A webcast replay of the investor conference call will be available for 90 days via the Internet through the Investor Relations section of Learning Tree’s website at www.learningtree.com/investor. We have also filed our Quarterly Report on Form 10-Q for our second quarter of fiscal year 2017 with the Securities and Exchange Commission (“SEC”) which is available at the SEC's Internet site (http://www.sec.gov). About Learning Tree International, Inc. Established in 1974, Learning Tree is a leading provider of IT training to business and government organizations worldwide. Learning Tree provides Workforce Optimization Solutions — a modern approach to delivering learning and development services that improves the adoption of skills, and accelerates the implementation of technical and business processes required to improve IT service delivery. These services include: needs assessments, skill gaps analyses, blended learning solutions, and Project Acceleration Workshops. Over 2.4 million professionals have enhanced their skills through Learning Tree’s extensive library of proprietary and partner content on topics including: web development, cyber security, program and project management, Agile, operating systems, networking, cloud computing, leadership, and more. To learn more, call 1-888-THE-TREE (843-8733) or visit LearningTree.com. Non-GAAP Financial Measures The non-GAAP financial measures related to the exclusion of the restructuring charge presented in the first paragraph are used by our management and our Board of Directors, in addition to our GAAP results, to facilitate the assessment of our financial performance and to assess our performance compared to our annual budget and strategic plans. These non-GAAP financial measures complement our GAAP reporting and are presented to provide investors, analysts and others information that we use to manage and evaluate our performance. This information supplements our GAAP reported results, and should not be viewed in isolation from, or as a substitute for, our GAAP results. Accordingly, this financial information should be read in conjunction with our consolidated financial statements, and notes thereto, included in our quarterly reports on Form 10-Q and our annual report on Form 10-K. Cautionary Statement Regarding Forward Looking Statements The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on Learning Tree. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Learning Tree. There can be no assurance that future developments affecting Learning Tree will be the same as those anticipated. Learning Tree cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. Investors should not put undue reliance on these forward-looking statements, since they are based on key assumptions about future risks and uncertainties. Some of these risks and uncertainties that could affect Learning Tree and its business include, but are not limited to the following: our ability to continue as a going concern; our ability to obtain additional liquidity in amounts and on terms acceptable to the Company; our ability to reverse our trend of declining year over year revenues, negative cash flows from operations, and maintain liquidity; our ability to successfully implement our new strategies to increase revenue and to achieve our cost reduction goals; competition; international operations, including currency fluctuations; attracting and retaining qualified personnel; intellectual property, including having to defend potential infringement claims; implementation of partnerships with third party providers of courses and or course material; efficient delivery and scheduling of Learning Tree's courses; technology development and new technology introduction; the timely development, introduction, and customer acceptance of our courses and other products; a majority of our outstanding common stock is beneficially owned by our chairman and his spouse; risks associated with cyber security; changing economic and market conditions; and adverse weather conditions, strikes, acts of war or terrorism and other external events. Learning Tree is not undertaking any obligation to update forward-looking statements contained herein to reflect future events, developments or changed circumstances. In order to help the reader assess the factors and risks in Learning Tree's business that could cause actual results to differ materially from those expressed in the forward looking statements, Learning Tree discusses in its 2016 Annual Report on Form 10-K (“Form 10-K”), those risks in Item 1A, “Risk Factors”, as well as in its other filings with the SEC. Please read the Form 10-K, including the Risk Factors included therein, which is filed with the SEC and available at the SEC's Internet site (http://www.sec.gov). (unaudited) (unaudited) (unaudited) (unaudited) Loss from operations before income taxes (0.58 Table 2 2017 (unaudited)
HERNDON, Va.--(BUSINESS WIRE)--Learning Tree International, Inc. (OTCQX: LTRE) announced today its revenues and results of operations for its first quarter 2017, which ended December 30, 2016. In its first quarter of fiscal year 2017, Learning Tree reported revenues of $18.6 million, loss from operations before income taxes of $0.3 million, and a net loss of $0.4 million, or $(0.03) per share. These results compare with revenues of $20.1 million, loss from operations before income taxes of $2.2 million, and net loss of $2.3 million, or $(0.17) per share, in Learning Tree’s first quarter of fiscal year 2016. The 7.8% decline in revenues for our first quarter of fiscal year 2017 when compared to the first quarter of fiscal year 2016, was partially offset by a 10.7% reduction in cost of revenues and a 19.7% reduction in total operating expenses. As a result, our first quarter loss from operations was $0.5 million as compared to $2.3 million for the first quarter of fiscal year 2016. Our liquidity and working capital needs have historically been funded through our cash and cash equivalents. At December 30, 2016, our capital resources consisted of cash and cash equivalents of $7.2 million. As previously announced, on January 12, 2017, we entered into a financing and security agreement with Action Capital Corporation (“Action Capital”) that provides us with access to borrow through advances of funds up to a maximum aggregate principal amount of $3.0 million. While we have and continue to take steps to stabilize revenues and decrease our operating costs and entered into the financing transaction with Action Capital, unless we are able to further improve our liquidity in the future, there is substantial doubt about our ability to continue as a going concern. Our registered independent public accounting firm’s report on our audited financial statements for the year ended September 30, 2016 that are included as part of our annual report on Form 10-K that was filed with the Securities and Exchange Commission contains an explanatory paragraph related to our ability to continue as a going concern. We are continuing to work to further improve our liquidity position and are evaluating additional sources of capital and financing. However, there is no assurance that additional capital and/or financing will be available to us, and even if available, whether it will be on terms acceptable to us or in amounts required. Conference Call and Webcast Learning Tree will host an investor conference call to discuss its results for the first quarter and future outlook at 4:30 p.m. ET, February 9, 2017. To participate, call (888) 419-5570 or +1 (617) 896-9871 (International Callers) and enter pass code: 423 714 97 at least five minutes before 4:30pm (ET) / 1:30pm (PT) on Thursday, February 9, 2017; or, go to Learning Tree’s Investor website at www.learningtree.com/investor to gain access and listen to the live webcast. A webcast replay of the investor conference call will be available for 90 days via the Internet through the Investor Relations section of Learning Tree’s website at www.learningtree.com/investor. We have also filed our Quarterly Report on Form 10-Q for our first quarter of fiscal year 2017 with the Securities and Exchange Commission (“SEC”) which is available at the SEC's Internet site (http://www.sec.gov). About Learning Tree International, Inc. Established in 1974, Learning Tree is a leading provider of IT training to business and government organizations worldwide. Learning Tree provides Workforce Optimization Solutions — a modern approach to delivering learning and development services that improves the adoption of skills, and accelerates the implementation of technical and business processes required to improve IT service delivery. These services include: needs assessments, skill gaps analyses, blended learning solutions, and Project Acceleration Workshops. Over 2.4 million professionals have enhanced their skills through Learning Tree’s extensive library of proprietary and partner content on topics including: web development, cyber security, program and project management, Agile, operating systems, networking, cloud computing, leadership, and more. To learn more, call 1-888-THE-TREE (843-8733) or visit LearningTree.com Cautionary Statement Regarding Forward Looking Statements The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on Learning Tree. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Learning Tree. There can be no assurance that future developments affecting Learning Tree will be the same as those anticipated. Learning Tree cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. Investors should not put undue reliance on these forward-looking statements, since they are based on key assumptions about future risks and uncertainties. Some of these risks and uncertainties that could affect Learning Tree and its business include, but are not limited to the following: our ability to continue as a going concern; our ability to obtain additional liquidity in amounts and on terms acceptable to the Company; our ability to reverse our trend of declining year over year revenues, and maintain liquidity; our ability to successfully implement our new strategies to increase revenue and to achieve our cost reduction goals; competition; international operations, including currency fluctuations; attracting and retaining qualified personnel; intellectual property, including having to defend potential infringement claims; implementation of partnerships with third party providers of courses and or course material; efficient delivery and scheduling of Learning Tree's courses; technology development and new technology introduction; the timely development, introduction, and customer acceptance of our courses and other products; a majority of our outstanding common stock is beneficially owned by our chairman and his spouse; risks associated with cyber security; changing economic and market conditions; and adverse weather conditions, strikes, acts of war or terrorism and other external events. Learning Tree is not undertaking any obligation to update forward-looking statements contained herein to reflect future events, developments or changed circumstances. In order to help the reader assess the factors and risks in Learning Tree's business that could cause actual results to differ materially from those expressed in the forward looking statements, Learning Tree discusses in its 2016 Annual Report on Form 10-K (“Form 10-K”) , those risks in Item 1A, “Risk Factors”. Please read the Form 10-K, including the Risk Factors included therein, which is filed with the SEC and available at the SEC's Internet site (http://www.sec.gov). Table 1 (unaudited) (unaudited) Loss from operations before income taxes Table 2
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