Neebo, Inc. reported earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company's EBITDA increased to $1.8 million. Adjusted EBITDA was $1.8 million, an increase from negative $2 million in the third quarter in the prior year. The primary driver of this improvement was reduced SG&A cost in the College Stores segment. Sales were down by $1.2 million.

For the nine-month year-to-date results, adjusted EBITDA is down $5.3 million to $19.6 million from $24.9 million in the prior comparable period. This was primarily a result of lower Textbooks division sales and gross profit, as well as higher corporate overhead cost from the business intelligent investment. EBITDA was down $400,000 compared to the prior 9 months at about a negative $275,000 versus $135,000 in the comparable.