Lincoln Educational Services Reports Continued Growth During First Quarter 2024, with 15% Student Starts and 20% Revenue Growth; Increasing Financial Guidance for Full Year 2024
LINCLincoln Educational Services(LINC) Newsfilter·2024-05-06 20:00

PARSIPPANY, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ:LINC) today announced financial and operating results for the first quarter ended March 31, 2024, as well as recent business developments. First Quarter 2024 Financial Highlights* Revenue grew 19.7% to $103.4 millionAdjusted EBITDA tripled to $6.5 millionStudent starts increased 15.3%Ended quarter with 1,388 additional students, a 11.2% increase in populationTotal liquidity of over $109 million; no debt outst ...