Reduced Net Loss
Net loss narrowed by 30% year-over-year, demonstrating financial discipline and effective cost management.
Positive EBITDA
Achieved fourth consecutive quarter of positive EBITDA, with a cumulative positive EBITDA of approximately $2.7 million over the past four quarters.
Cash Generation and Liquidity
Generated over $400,000 of cash from operations and projected unrestricted cash balance exceeding $2 million by the end of January 2024.
Enrollment Growth
Enrollments increased by 5% year-over-year and 34% sequentially, reflecting strong demand for postgraduate nursing degrees.
Improved NCLEX Pass Rates
NCLEX first-time pass rate in Arizona increased to 89%, with similar success in Texas and Tennessee.
Cost Control Measures
Year-over-year G&A expense down 23% due to cost control efforts and restructuring in previous fiscal quarters.