National American University Holdings, Inc. (NASDAQ:NAUH) reported first quarter earnings after the bell today.
On a GAAP basis, NAUH reported net loss of $ 4.95 million or 20 cents per share, compared with loss of $ 3.83 million or 16 cents per share, a year ago period.
Headquartered in Rapid City, South Dakota., NAUH recorded total revenue that decreased 19% to $ 14.68 million from $ 18.19 million in the same quarter last year.
Ronald L. Shape, Ed.D., President and CEO of National American University Holdings, stated, We were pleased to see year-over-year credit hour enrollment growth in our online operations continue into the summer 2018 term, particularly as this time of year is generally impacted by seasonality due to the timing of student vacations. NAU’s Henley-Putnam School of Strategic Security is now fully operational, and we hosted the Higher Learning Commission for a post-acquisition visit in mid-September, which we believe went well.