Houghton Mifflin Harcourt continues to excel in issuing earnings press releases featuring prose that’s far more encouraging than the data. In their minds they are becoming a “pure-play learning technology company” with “a strong start to the new year” and “impressive growth in important key performance indicators, positioning HMH amongst the largest and fastest growing companies in the edtech market.” In their accounting, they are a debt-laden company that has lost nearly unfathomable amounts of money relative to their size since going public. Compared to what was a bad pandemic quarter a year ago, sales from continuing operations — setting […]
