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Mar 31, 2024
Lincoln Tech Q1 2024 Earnings Report
Lincoln Tech experienced revenue growth and increased student starts in Q1 2024.
Key Takeaways
Lincoln Tech reported a strong start to 2024, with a 19.7% increase in revenue to $103.4 million and a 15.3% increase in student starts. The company is increasing its full year guidance for revenue, adjusted EBITDA and adjusted net income.
Revenue grew 19.7% to $103.4 million.
Adjusted EBITDA tripled to $6.5 million.
Student starts increased 15.3%.
Ended quarter with 1,388 additional students, a 11.2% increase in population.
Lincoln Tech
Lincoln Tech
Forward Guidance
Based on first quarter results and current performance, the Company is revising its financial projections upwards for revenue, adjusted EBITDA, and adjusted net income.