Scientific Learning Reports 2019 Financial Results
SCIENTIFIC LEARNING (SCIL)
US:NASDAQ Investor Relations:
scilearn.com/company/about-us
Company Research
Source: PR Newswire
OAKLAND, Calif., April 14, 2020 /PRNewswire/ -- Scientific Learning Corp. (OTC PINK:SCIL), a leading SaaS service provider that delivers neuroscience-based educational technologies, today announced it has released its audited financial results for the period ending Dec. 31, 2019. Details of the annual results can be found at https://www.otcmarkets.com/stock/SCIL/disclosure.The company continued to make progress on its product development roadmap and achieved booked sales growth of seven percent for the fourth quarter. The company has now converted nearly 70% of its programs to HTML5 (from Flash), based on customer usage. At the same time, the company made progress in developing its new secondary literacy programs (Elements), demonstrated its working beta to customers in early January 2020, and is on track to release Elements to customers by back to school 2020. The fourth quarter growth was driven by strong international customer renewals. The financial results for the year were be
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