Neebo, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
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.