Late Monday, K12, Inc. (NYSE:LRN) reported their financial earnings for the year ended June 30, 2008. K12 operates in education services based around technology and the Internet for students in kindergarten through 12th grade. Net income was $33.8 million, or $1.10 per share, including a $27.0 million income tax benefit, up from the $3.9 million reported in 2007. Operating income was $13.0 million, compared to $4.7 million reported in the same period last year. The company said revenues were $226.2 million, an increase from the $140.6 million reported at the end of their last fiscal year. Shares of K12 were trading up 2.23 percent at $24.28 at the end of the day.

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