On Wednesday, Bridgepoint Education, Inc. (NYSE: BPI) shares price traded between $6.66 and $6.87 during the last trading session downbeat with -2.18% at $6.72. The shares recorded trading volume 178,430 shares as compared to its average volume of 203,146 shares. The company has 27.35M shares outstanding and market value of 183.816M. Over the one year trading period, the stock has a peak price of $15.28 and its down is recorded at $5.31. The short ratio in the (BPI) stock is 3.71 and the short float is around of 3.54%.
Bridgepoint Education (BPI) recently reported its results for the three months ended March 31, 2018.

Financial Results for the Three Months Ended March 31, 2018

Revenue for the three months ended March 31, 2018 was $118.0M, contrast with revenue of $129.5M for the three months ended March 31, 2017.

Operating income for the three months ended March 31, 2018 was $0.4M, contrast with operating income of $9.7M for the three months ended March 31, 2017.

Net income for the three months ended March 31, 2018 was $2.3M, contrast with net income of $9.9M for the three months ended March 31, 2017.

Diluted income per share for the three months ended March 31, 2018 was $0.08, contrast with diluted income per share of $0.23 for the three months ended March 31, 2017.

The Company recognized an income tax benefit of $1.7M for the three months ended March 31, 2018, contrast with an income tax expense of $0.2M for the three months ended March 31, 2017.

Non-GAAP Financial Results for the Three Months Ended March 31, 2018

Non-GAAP operating income for the three months ended March 31, 2018 was $0.2M, contrast with non-GAAP operating income of $9.7M for the three months ended March 31, 2017. Non-GAAP operating income for the three months ended March 31, 2018 excludes a credit to restructuring and impairment of $0.2M. There were no restructuring and impairment charges for the three months ended March 31, 2017.

Non-GAAP net income for the three months ended March 31, 2018 was $0.4M, contrast with non-GAAP net income of $9.9M for the three months ended March 31, 2017. Non-GAAP net income for the three months ended March 31, 2018 excludes a credit to restructuring and impairment of $0.2M and an income tax benefit of $1.7M. There were no restructuring and impairment charges for the three months ended March 31, 2017.

Non-GAAP diluted income per share for the three months ended March 31, 2018 was $0.01, contrast with non-GAAP diluted income per share of $0.23 for the three months ended March 31, 2017.

Balance Sheet and Cash Flow

As of March 31, 2018, the Company had combined cash, cash equivalents and investments of $173.3M, contrast with combined cash, cash equivalents and investments of $187.2M as of December 31, 2017.

The Company used $15.1M of cash in operating activities during the three months ended March 31, 2018, contrast with $11.5M of cash used in operating activities during the three months ended March 31, 2017.

EPS growth ratio for the past five years was -20.50% while Sales growth for the past five years was -12.70%. Return on equity (ROE) was noted as 2.10% while return on investment (ROI) was 16.30%. The stock’s institutional ownership stands at 84.00%.