HERNDON, Va.--(BUSINESS WIRE)--Jan. 9, 2013--
K12 Inc. (NYSE: LRN) announced today it plans to host a conference call
to discuss second quarter fiscal 2013 financial results at 8:30 a.m.
eastern time (ET) on Tuesday, February 5, 2013.
A live webcast of the call will be available at www.k12.com
through the investor relations link. To participate in the live call,
investors and analysts should dial (866) 713-8395 (domestic) or (617)
597-5309 at 8:20 a.m. (ET). The participant pass code is 48785487.
A replay of the call will be available starting on February 5, 2013 at
10:30 a.m. ET through February 12, 2013 at 11:59 p.m. ET, at (888)
286-8010 (domestic) or (617) 801-6888 (international) pass code
63276797. The replay will also be archived at www.k12.com
in the investor relations section for 60 days.
Q2 Fiscal Year 2013 Outlook
The Company is confirming its previously issued forecast for Q2 FY 2013:
-
Revenue of $205 million to $215 million
-
EBITDA of $30 million to $33 million
Special Note on Forward-Looking Statements
This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. We
have tried, whenever possible, to identify these forward-looking
statements using words such as “anticipates,” “believes,” “estimates,”
“continues,” “likely,” “may,” “opportunity,” “potential,” “projects,”
“will,” “expects,” “plans,” “intends” and similar expressions to
identify forward looking statements, whether in the negative or the
affirmative. These statements reflect our current beliefs and are based
upon information currently available to us. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause our actual results,
performance or achievements to differ materially from those expressed
in, or implied by, such statements. These risks, uncertainties, factors
and contingencies include, but are not limited to: our potential
inability to further develop, maintain and enhance our products and
brands; the reduction of per pupil funding amounts at the schools we
serve; reputation harm resulting from poor performance or misconduct by
operators in any school in our industry and in any school in which we
operate; challenges from virtual public school or hybrid school
opponents; failure of the schools we serve to comply with regulations
resulting in a loss of funding or an obligation to repay funds
previously received; discrepancies in interpretation of legislation by
regulatory agencies that may lead to payment or funding disputes;
termination of our contracts with schools due to a loss of authorizing
charter; failure to enter into new contracts or renew existing contracts
with schools; risks associated with entering into and executing mergers,
acquisitions and joint ventures; failure to successfully integrate
mergers, acquisitions and joint ventures; inability to recruit, train
and retain quality teachers and employees; uncertainty regarding our
ability to protect our proprietary technologies; risks of new, changing
and competitive technologies; increased competition in our industry; and
other risks and uncertainties associated with our business described in
the Company’s filings with the Securities and Exchange Commission.
Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can
give no assurance that the expectations will be attained or that any
deviation will not be material. All information in this release is as of
January 9, 2013, and the Company undertakes no obligation to update any
forward-looking statement to conform the statement to actual results or
changes in the Company’s expectations.
About K12 Inc.
K12 Inc. (NYSE: LRN),
a technology-based education company, is the nation's largest provider
of proprietary curriculum and online education programs for students in
kindergarten through high school. Using 21st century tools to prepare
21st century students, K12 provides a new choice for students to learn
in a flexible and innovative way, at an individualized pace. K12
provides curriculums and academic services to public and private online
schools and districts, traditional classrooms, blended school programs
and directly to families. K12 is accredited through AdvancED, the
world's largest education community. Additional information on K12 can
be found at www.K12.com.
Source: K12 Inc.
K12 Inc.
Investor Contact:
Christina L. Parker,
703-483-7077
VP Investor Relations
chparker@k12.com
or
Press
Contact:
Jeff Kwitowski, 703-483-7281
SVP Public Relations
jkwitowski@k12.com