Scientific Learning Reports Third Quarter 2018 Financial Results

▤ Summary

“Initial customer feedback has been extremely positive, and we are experiencing other peripheral benefits including faster implementation with better fidelity to recommended protocols and improved retention rates,” said Jeff Thomas, CEO of Scientific Learning.“We expect the vastly improved new Fast ForWord with SmartLearning Technology to be a strong catalyst for fulfilling our long-term strategic plan; attracting new customers and sustaining existing users for longer periods.”According to the WhatWorks Clearinghouse , which reviews existing research on programs, products, practices, and policies in education, Fast ForWord is the top-ranked English language development intervention.Based on this economic slowdown along with evolving government regulations in the education sector, the Company decided the best course of action is to pause and evaluate the specific impact on BrainMaps and the overall growth of the English Language Learning market in China.Factors which could cause results or events to differ from current expectations include, among other things: the inability to complete a financing transaction sufficient to complete the acquisition of BrainMaps and support BrainMaps’ growth in China at terms that are reasonable to the Company or at all; the inability to secure approval of the acquisition from SCIL’s board of directors or its shareholders; general economic and business conditions; effects of potential geopolitical unrest and regional conflicts; competition; and various other factors beyond the Company’s control.

▦ Linked Companies

Scilearn

$10M to $25M