- Zovio Inc ZVO reported a second-quarter FY22 sales decline of 25.7% year-on-year, to $51.38 million.
- Total costs and expenses for the quarter fell 29.1% Y/Y to $52.2 million.
- The operating loss for the quarter narrowed to $(0.8)million versus a loss of $(4.5) million last year.
- The company held $26.8 million in cash and equivalents as of June 30, 2022.
- Adjusted EPS loss was $(0.36) versus $(0.02) the previous year.
- Adjusted EBITDA loss was $(7.1) million versus an adjusted EBITDA of $0.5 million a year ago.
- Price Action: ZVO shares are trading lower by 17.48% at $0.85 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in