People Corporation Reports Earnings Results for the First Quarter Ended November 30, 2017
January 22, 2018 at 07:55 pm IST
People Corporation reported earnings results for the first quarter ended November 30, 2017. For the quarter, the company's revenue was $28,471,100 compared to $23,344,700 a year ago. Adjusted EBITDA before REI was $6,822,100 compared to $4,736,200 a year ago. Adjusted EBITDA was $5,393,800 compared to $3,735,700 a year ago. Net income was $463,700 compared to net loss was $275,500 a year ago. The increase in adjusted EBITDA is due to factors affecting Adjusted EBITDA before REI net of the vendors interest in coughlin.