Legacy Education Alliance, Inc.
Other · Services-Educational Services · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $7.7M | $25.9M | $75.5M | $76.2M | $97.7M |
| Operating income | −$2.2M | −$415,000 | $13.2M | $1.6M | −$8.5M | $1.8M |
| Net income | −$1.5M | −$566,000 | $16.0M | $9.9M | −$10.0M | $4.3M |
| Total assets | $880,000 | $1.9M | $6.3M | $17.4M | $20.6M | $27.0M |
| Total liabilities | $23.9M | $24.1M | $30.0M | $56.7M | $69.2M | $67.8M |
| Equity | −$23.0M | −$22.2M | −$23.6M | −$39.4M | −$48.7M | −$40.8M |
| EPS (diluted) | $-0.04 | $-0.02 | $0.68 | $0.42 | $-0.43 | $0.18 |
| Shares out. | 33.9M | 23.3M | 23.2M | 23.1M | 23.0M | 22.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −206.8%
- Net margin
- −139.4%
- Return on equity
- 6.6%
- Return on assets
- −171.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 2710.5%
- Debt / equity
- —
- Book value / share
- $-0.68
- Revenue growth (YoY)
- −85.9%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -319.71distress
- Accruals / assets
- 285.5%high accruals
- Piotroski F-Score
- 0/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 6 warning● 0 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2023
- NT 10-Qmissed a reporting deadline ↗May 16, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2023
- NT 10-Qmissed a reporting deadline ↗May 17, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligation · Unregistered equity saleJul 8, 2024
- Entered a material agreement · New financial obligation · Unregistered equity saleJul 8, 2024
- Entered a material agreement · New financial obligation · Unregistered equity saleJul 8, 2024
- Entered a material agreement · New financial obligation · Unregistered equity sale · Changed auditorAug 31, 2023
- Regulation FD disclosureAug 11, 2023
- Entered a material agreement · Unregistered equity saleJul 20, 2023
- Unregistered equity sale · Regulation FD disclosure · Other material eventMar 27, 2023
- Entered a material agreement · New financial obligation · Other material eventMar 23, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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