Legacy Education Alliance Inc (PK:LEAI)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1612 E. CAPE CORAL PARKWAY CAPE CORAL FL 33904 |
| Tel: | N/A |
| Website: | https://www.legacyeducationalliance.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Legacy Education Alliance, Inc. is a provider of practical and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets, including investment strategies and techniques. Its programs are offered through a variety of formats and channels, including free workshops, basic trainings, forums, telephone mentoring, one-on-one mentoring, coaching, and e-learning. The Company marketed its products and services under the brand Building Wealth with Legacy. The Company's students pay for their courses in full up-front or through payment agreements with independent third parties. The Company also provides one-on-one mentoring (two to four days in length, on site or remotely) and telephone mentoring (10 to 16 weekly one-on-one or one-on-many telephone sessions). Its training programs include basic training courses (live and online), elite level training courses (live and online), and individualized mentoring programs. |
| Financial Overview |
| For the nine months ended 30 September 2023, Legacy Education Alliance Inc revenues decreased 73% to $111K. Net loss applicable to common stockholders increased from $1.1M to $2.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Gain on forgiveness of PPP Loan decrease from $1.1M (income) to $0K, Other income (expense), net decrease from $3K (income) to $0K. |
| Employees: | 17 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11.89M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.79M as of Sep 30, 2023 |
| EBITDA (TTM): | -$2.70M as of Sep 30, 2023 |
| Net annual income (TTM): | -$2.76M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$1.76M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $5.34M as of Sep 30, 2023 |
| Shares outstanding: | 48,382,697 as of Nov 15, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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