| Business Summary | | Lightspan
Inc.
provides
curriculum-based
educational
software
and
Internet
products
and
services
used
both
in
school
and
at
home.
The
Company's
technology,
delivery
systems
and
content
help
increase
student
interest
in
learning
and
assessment,
parental
involvement
in
their
children's
education,
and
productive
interaction
among
teachers,
parents
and
students.
Nearly
700
studies
by
schools
that
use
the
Company's
products
and
services
indicate
that
its
products
improve
overall
student
performance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lightspan
provides
curriculum-based
educational
software
and
Internet
products
and
services
used
both
in
school
and
at
home,
helping
to
increase
student
interest
in
learning,
parental
involvement
and
interaction
among
teachers.
For
the
three
months
ended
4/30/01,
revenues
fell
81%
to
$10.7
million.
Net
loss
totaled
$17.8
million
vs.
an
income
of
$1.2
million.
Results
reflect
the
absence
of
recognition
of
$46.4
million
of
deferred
revenue
and
increased
amortization. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
19,467;
after
tax
earnings
were
-13,844. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Kernan, 54 Chairman
and CEO | $346K | Carl Zeiger, 57 Pres,
COO, Director | 346K | Michael Sicuro CFO,
Sr. VP | -- | John Brandon, 44 Exec.
VP, Pres of Academic Systems | 383K | Merritt Farren VP
and Gen. Mang., Internet Operations | -- | Dollar amounts are as of 31-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|