Welcome to our dedicated page for Everybody Loves Languages news (Ticker: LMDCF), a resource for investors and traders seeking the latest updates and insights on Everybody Loves Languages stock.
Everybody Loves Languages Corp (LMDCF) delivers innovative language learning solutions through digital education technology. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives and market position.
Access timely announcements including quarterly earnings reports, product enhancement details, and partnership developments with educational institutions. Our curated collection helps stakeholders monitor LMDCF's progress in creating interactive learning platforms and expanding global reach.
Key updates cover corporate milestones, technology innovations in language education, and market expansion strategies. The resource serves as a centralized tracking point for understanding how LMDCF addresses evolving demands in digital language acquisition.
Bookmark this page for streamlined access to verified corporate communications. Check regularly for new developments in LMDCF's mission to transform language education through technology-driven solutions.
Everybody Loves Languages reports strong financial performance for Q4 and fiscal year 2024. Annual revenue reached $2.43 million, up from $2.39 million in 2023, with net income increasing significantly to $358,794 compared to $40,573 in 2023.
Key operational highlights include:
- New exclusive distribution agreements in Colombia and South Korea
- Development of Grade 3-6 textbooks for China market
- Creation of 2,200 Disney-inspired illustrations
- Launch of gamification features and mobile versions
Q4 2024 showed solid results with revenue of $995,094 and net profit of $524,734. The company's educational technology focus continues to expand with enhanced content development and new market penetration. Management changes include the re-election of board members and reappointment of Gali Bar-Ziv as President & CEO and Khurram Qureshi as CFO.
Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF) reported its Q3 2024 financial results. Revenue increased to $297,273 from $123,866 in Q3 2023. The company recorded a net loss of $215,757 ($0.01 per share), improved from a $282,532 loss in Q3 2023. Operating expenses rose to $496,213 from $443,975. For the nine-month period, revenue reached $1,438,538, up from $1,338,660, with a reduced net loss of $165,940 compared to $321,530 in 2023. The company expanded its content development, creating 2,200 Disney-inspired illustrations and enhancing its language learning programs.
Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF) reported financial results for Q2 2024. Revenue increased to $991,288 from $967,747 in Q2 2023. Net profit was $350,278 ($0.01 EPS) compared to $383,837 in Q2 2023. The company saw improvements in its Online English Language Learning segment, launching new features and expanding distribution in South America and Korea.
For the six-month period, revenue was $1,141,265, down from $1,214,794 in 2023. However, the company turned a net profit of $49,817 compared to a loss of $38,998 in the same period last year. ELL continued to invest in product development, particularly for English AcadeMe and English AcadeMe Junior.
Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning and content development company, has announced the grant of restricted share units (RSUs) on August 6, 2024. The company's board of directors approved the grant of 1,900,000 RSUs to certain directors, officers, employees, and consultants, with 1,185,000 RSUs specifically allocated to directors and officers. These RSUs will vest according to the prescribed period under the RSU plan, which was previously approved by shareholders on February 20, 2024. This move is part of the company's strategy to align interests and incentivize key personnel.
Everybody Loves Languages (ELL) reported its Q1 2024 financial results, showing a decrease in revenue to $149,977 from $247,047 in Q1 2023. Operating and development expenses reduced to $492,225 from $632,105, but the net loss narrowed to $300,461 from $422,835. ELL launched 130 new lessons for English AcadeMe, enhanced reporting for AcadeMe Junior, and adapted EFS and Campus Premium for mobile. Additionally, ELL entered an exclusive distribution agreement with Trendi-Trend & Innovation for the Colombian school market and continued developing content for Grades 3-6 in China.
Everybody Loves Languages Corp. (OTC: LMDCF) announced the launch of its first Hollywood film-based language learning program, English For Success+ (EFS+), aimed at enhancing engagement in language education. The AcadeMe program allows students to interact with movie scenes, dramatically improving language practice. EFS+ offers over 2,000 hours of lessons and advanced data analytics, catering to diverse educational needs. CEO Gali Bar-Ziv highlighted the program's innovative edge in the edtech market, as ELL continues to expand its offerings to meet growing institutional demand.
Lingo Media Corporation (TSX-V: LM; OTC: LMDCF) announced its plan to file a Form 15F with the SEC to deregister all classes of its registered securities. This move aims to reduce administrative and compliance costs, suspending its reporting obligations under the Exchange Act. The termination of these obligations is expected to finalize 90 days post-filing, contingent on SEC's feedback. Despite this deregistration, Lingo Media will continue to publish periodic reports and results on SEDAR and its website, maintaining transparency with its stakeholders.
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