SCOTTSDALE, Ariz. – Universal Technical Institute Inc. reported revenues for the second quarter ended March 31, 2014, of $94.7 million, a 0.4 percent decrease from $95.1 million for the second quarter of the prior year. Net loss for the second quarter was $1.5 million, or a loss of 6 cents per diluted share, compared to $0.9 million, or a loss of 4 cents per diluted share, for the second quarter ended March 31, 2013.
 
Revenues for the six months ended March 31, 2014, were $191.7 million, a 0.9 percent decrease from $193.5 million for the six months ended March 31, 2013. Net income for the six months ended March 31, 2014, was $0.2 million, or 1 cent per diluted share, compared to $2.6 million, or 11 cents per diluted share, for the six months ended March 31, 2013.
 
"During the second quarter, we saw steady improvement in the demand for our graduates and employment rates," said Chairman and CEO Kim McWaters. "While we have made progress on the marketing front, and new student starts were up during the quarter, we continue to operate in a challenging, complex environment. To address those challenges, and build a business capable of generating solid, long-term results, we remain focused on managing costs, finding efficient ways to deliver new student growth, and continuing to deliver strong outcomes for our students."