Thread regarding Cengage layoffs

Are they delaying the earnings call?

It was held on November 8th last year, and they haven't announced a date yet.

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Post ID: @OP+11S63OHV

6 replies (most recent on top)

Novembet 15 at 8:30.

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Post ID: @3phz+11S63OHV

My guess is they're scrambling to build a model showing how much the recent layoffs are going to save. The cash burn must have been pretty severe.

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Post ID: @2bxf+11S63OHV

@11S63OHV-olw, actually, they usually post notice of the call at least a week ahead of time. Calls are usually held on a Wednesday or Thursday at 8:30am.

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Post ID: @2iux+11S63OHV

No delay. The call usually happens during the first week or two of the month, but the date varies. They will post notice of the session some 24-48 hours before the date on their investor page. You can sign up for email alerts there, too. Cengage usually does its calls early on a Friday morning (sometimes Thursday) so later this week wouldn't surprise me at all.

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Post ID: @olw+11S63OHV

Ah yes. Michael can say "Impact of the new fiscal year reporting" now that he's worn out "Ordering patterns have shifted."

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Post ID: @pas+11S63OHV

They are trying to determine what fiscal year they move to so that they can continue to game the system. Although the gig looks to finally be up.

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Post ID: @ajc+11S63OHV

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