Jun. 25 at 1:33 PM
$BNED $IMMR About to roll!
Revenues from BNC First Day® programs are expected to increase by
$160.3 to
$166.3 million, or 27.0% to 28.0%, year-over-year, as First Day® Complete continues to see strong growth in institutional adoption.
Full-year fiscal 2026 net income is expected to be in the range of
$15.0 to
$18.0 million, compared to a net loss of $(65.8) million in the prior year. The improvement reflects strong operating performance and growth in BNC First Day® programs, as well as the absence of the
$55.2 million loss on the extinguishment of debt recorded in fiscal 2025.
Adjusted EBITDA for fiscal 2026 is expected to be in the range of
$75.0 to
$77.0 million, compared to
$59.4 million for fiscal 2025, representing an increase of approximately 26% to 30%.
Total debt expected to be
$71.0 million compared to
$103.1 million on May 3, 2025. After subtracting
$8.4 million of cash on hand, total net debt
$62.6 million, representing a
$31.4 million, or approximately 33% decrease.
