This increase was primarily attributable to additional teachers hired to serve a growing number of enrollments including those in KCDL
, cost to supply curriculum, books, educational materials and computers to students, and amortization of curriculum and learning systems.
In joining forces, K12 and KCDL will provide students, families, and educators with even greater access to high quality online education solutions," said Caprice Young, CEO of KCDL.
For the three months ending March 31, 2010, KCDL reported revenues of $8.
75 million shares of a new series of stock designated as the Series A Special Stock to the prior owner of KCDL, KCDL Holdings LLC, which is an affiliate of Learning Group LLC.
Over its 30-year history, KCDL
has enriched the lives of more than 200,000 students, helping them reach their individual learning goals.
The first such school, iQ Academies at Wisconsin, was announced today in Waukesha, WI, as a joint effort between KCDL and the Waukesha School District.
Making the announcement was David Schmidt, Superintendent of the Waukesha School District, Heidi Laabs, Interim Director of iQ Academies at Wisconsin, and Keith Oelrich, President and CEO of KCDL.