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  • For-profit National American University exits Nasdaq

For-profit National American University exits Nasdaq

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EducationDive

By Ben Unglesbee

January 3, 2019

NAU’s fortunes have fallen with the for-profit sector as a whole. Its exit from the Nasdaq exchange may be largely symbolic for non-investors, but it reflects real financial troubles that have affected many in the sector, including two large for-profit operators that abruptly shuttered operations in December.

From 2014 to 2018, NAU’s revenue dropped nearly 40% to $77.2 million in the fiscal year ending in May 2018, due primarily to enrollment declines. During that time, the company went from making profits of $3.5 million to a loss of (continue reading…)

Tag:education, education sector, For-profit colleges, Nasdaq, National American University, NAU

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