Lincoln Educational Services Corporation (NASDAQ:LINC) Q2 2023 Earnings Call Transcript

And what we’ve done is taken about half of that the theory part and put that online, where we believe, frankly, we can create, I’ll say, a better unified experience with videos and more consistent delivery of those theories but we’re not in any way cutting back at all. In fact, we are looking at enhancing with new teaching techniques and new teaching models and new teaching equipment as it comes out, so that when the students do come to our campuses, it’s going to be hopefully even more engaging for them than it was previously. And to date, as we’ve looked at comparing our retention of students in the new model versus the old model, we are not seeing a degradation, so that’s reassuring to me. But with that said, we are constantly monitoring that.

Operator: That concludes the question-and-answer session. At this time, I would like to turn it back to Scott Shaw for closing remarks.

Scott Shaw: Great. Thank you all for joining us today. And as you can see from our performance, we are making great progress and remain very excited by our numerous opportunities for continued growth. I’d be remiss for not thanking and acknowledging all of our employees for their dedication and commitment to our students. We change people’s lives and everyone at our campuses takes this responsibility very seriously. Students come to Lincoln Tech to put their potential to work and we look forward to helping each and everyone strive for that goal. Thank you again and we look forward to updating you on our progress this fall. I hope you all have a wonderful rest of your summer. So, long for now. Bye-bye.

Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.