Key Developments For Peoples Educational Holdings, Inc.
Peoples Educational Holdings, Inc. (PEDH.O) (Consolidated Issue listed on NASDAQ Capital Market)
Peoples Educational Holdings, Inc. Reports Distribution of Shares
Peoples Educational Holdings, Inc. announced that its major shareholder, School Power Limited Partnership, has distributed all of its shares in the Company to its partners and has provided the following information to the Company. The largest recipients of these shares were Adam Smith Fund LLC and Adam Smith Growth Partners, L.P., entities controlled by Tony Christianson, and Adam Smith Management Companies, LLC, which also controlled School Power. Mr. Christianson and the Adam Smith entities are affiliates of Cherry Tree Companies, LLC, Minneapolis, Minnesota. In connection with the distribution, certain other partners in School Power transferred their rights to receive shares to Adam Smith Fund and Adam Smith Growth Partners in exchange for membership or partnership interests in such entities. Such exchanges were made at a negotiated price reflecting an effective transfer price of $2.50 per share of Company stock. Upon the completion of these transactions, Adam Smith Fund and Adam Smith Growth Partners own 727,903 shares and 919,839 shares of the Company, respectively, or 16.3% and 20.7%, respectively, of the Company's non-diluted outstanding shares.
Peoples Educational Holdings, Inc. Reaffirms FY 2010 Guidance
Peoples Educational Holdings, Inc. announced that it continue to project fiscal 2010 revenue of between $37 million and $39 million, and net income of $0.5 million to $0.9 million or $0.11 to $0.20 per basic share. The Company expect Non-GAAP net income to be between $0.7 million and $1.1 million or $0.16 to $0.25 per basic share.
Peoples Educational Holdings, Inc. Issues FY 2010 Guidance
Peoples Educational Holdings, Inc. announced that for fiscal 2010, it expect revenue to be between $37 million and $39 million, and net income to be $0.5 million to $0.9 million or $0.11 to $0.20 per basic share. The Company expects Non-GAAP net income to be between $0.7 million and $1.1 million or $0.16 to $0.25 per basic share.
Peoples Educational Holdings, Inc. Lowers FY 2009 Revenue Guidance; Broadens FY 2009 GAAP Net Income Guidance
Peoples Educational Holdings, Inc. revised its guidance . We now expect revenue to be between $37 million to $39 million, net income to be between break even and $200,000 and non-GAAP net income to be between $500,000 and $800,000. According to Reuters Estimates, analysts were expecting the Company to report revenue of $41 million and GAAP net income of $0.60 million for the same period.
Peoples Educational Holdings, Inc. Reaffirms FY 2009 Guidance
Peoples Educational Holdings, Inc. announced that for fiscal 2009, it continue to project revenue to be between $41-$43 million, GAAP net income to be $600,000-$1.0 million and non-GAAP net income to be between $1.3-$1.8 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $41 million for the same period.
