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greenwood hall inc (ELRN) Snapshot

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08/13/14 - $6.00
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01/9/15 - $0.37
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greenwood hall inc (ELRN) Details

Greenwood Hall, Inc. provides cloud-based education management services to public and not-for-profit higher education institutions in the United States. It offers solutions, which support the entire student lifecycle, including lead generation/marketing, new student recruitment, enrollment counseling, financial aid advising, new student recruitment, retention counseling, career advising, student concierge, and help desk services; consulting services, such as market assessments and analysis of internal operational efficiency; and various data and technology enabled solutions that enable school clients to manage/analyze data, and deliver instruction to students through online, hybrid, and classroom, as well as make institutional decisions. The company’s technology enabled solutions include My 24/7 Campus, an interactive student service and support mobile application that offers student information, financial services, collaboration tools, tutoring, 24/7 student concierge, personalized alerts, career placement support, and virtual counseling through text, voice, or video; and EduDrive, which provides dashboard, cutting-edge analytics, artificial intelligence capabilities, and seamless integration of student data. Its technology enabled solutions also comprise HigherMastery, a SaaS mobile learning platform that incorporates cutting-edge learning management and game-based learning tools, and on-demand content development and incorporation; financial literacy programming; collaboration; data-driven career placement; and one-touch student support. The company also provides donor lifecycle management services to various non-profit organizations. Greenwood Hall, Inc. is headquartered in Santa Ana, California.

166 Employees
Last Reported Date: 01/14/15

greenwood hall inc (ELRN) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $325.0K
President, Chief Relationship Officer and Dir...
Total Annual Compensation: $151.7K
Chief Marketing Officer
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

greenwood hall inc (ELRN) Key Developments

Greenwood Hall, Inc. Accepts Resignation of Chief Operating Officer, Kyle Murphy

On February 16, 2015, Greenwood Hall, Inc. accepted the resignation of Kyle Murphy, the company's Chief Operating Officer.

Seminole State College of Florida Extends its Agreement with Greenwood Hall, Inc. to Continue to Support the School's Student Services and Financial Aid Offices

Greenwood Hall, Inc. announced that Seminole State College of Florida has extended its agreement with the company to continue to support the school's student services and financial aid offices. Greenwood Hall's specialized counselors and technology-enabled student success platform provide a resource for Seminole State students and their parents to address financial aid, admissions, registration and other enrollment service-related inquiries. Greenwood Hall has created a customized platform for prospective and enrolled Seminole State students and their parents, where they can communicate with dedicated expert counselors via phone or online regarding a multitude of school-related inquiries, including financial aid status and options, FAFSA assistance, scholarships, billing and payment, and refunds.

Greenwood Hall Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015

Greenwood Hall Inc. announced unaudited consolidated earnings results for the first quarter ended November 30, 2014. For the quarter, the company’s revenue increased 27% to $2.7 million from $2.1 million in the year-ago period. This increase was primarily due to increased business development efforts and growing marketplace interest in solutions. Loss from operations was $0.6 million compared to a loss from operations of $1.6 million for the year ago quarter. This significant reduction in loss from operations was due to scale and operating efficiencies due to a combination of the revenue growth and the ongoing restructuring initiatives, as well as approximately $75,000 of one-time expenses in the first quarter of the fiscal year associated with bank debt restructuring and other transaction related expenditures. Net loss attributable to common stockholders was $0.6 million compared with a net loss of $1.6 million for the same period last year. Income (loss) from continuing operations before provision for (benefit from) income taxes was $569,213 compared to $1,625,864 a year ago. Loss from continuing operations attributable to the common stockholders of the company was $0.01 compared to $0.06 a year ago. Net cash used in operating activities of continuing operations was $1,129,737 compared to $353,470 a year ago. The company expected to report positive income from operations in the fourth quarter of fiscal year 2015. The company announced that based on the increased number of served clients and ongoing pipeline of new business opportunities, management expects 2015 revenues to increase by 20% to 25% from 2014 levels, with the majority of revenue coming from the education sector rather than legacy non-profit business.


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