Legacy Education Alliance, Inc. (OTCQB: LEAI) stock shot up 48% to $0.37 cents on higher than average volume. The Company is an international provider of practical, high-quality, and value-based educational training on the topics of personal finance, entrepreneurship, real estate, and financial markets investing strategies and techniques.
They’ve recently released their fiscal year end results where revenue decreased $9.3 million to $87.2 million, apparently due primarily to the change in their revenue recognition policy with regards to DVD fulfillment. This policy was changed in 2014, and the effects of the change are anticipated to be immaterial in 2016.
The Company has approximately 200 employees that has cumulatively served more than two million students from more than 150 countries and territories over the course of their operating history. Training is offered through a variety of brands including Rich Dad® Education, Rich Dad Stock Education, Making Money From Property With Martin Roberts, Robbie Fowler Property Academy and Women in Wealth among others.
Could Legacy Education return to the stocks 52 week high of $1.35? We’ll keep our thumb on that one.