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Education Training posts net loss of $6 million on revenue of $525,419
By Kali Hays
New York, Nov. 14 – Education Training Corp. reported a net loss of $6.47 million on total revenue of $525,419 for the period of Aug. 25 through Sept. 30, according to a monthly operating report filed Friday with the U.S Bankruptcy Court for the District of Delaware.
The company also reported negative EBITDA of $4.61 million and cash and cash equivalents of $1.23 million at the end of September.
Education Training, a Lauderdale Lakes, Fla.-based operator of private, for-profit schools, filed for bankruptcy on Aug. 25. The Chapter 11 case number is 14-11987.
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