Bridgepoint Education, the San Diego parent company of two for-profit colleges, said in a securities filing that it will be restating its financial results for 2013, and revise its 2012 and 2011 financial reports.

The company said material weaknesses in its internal controls of its financial reporting systems led to errors in the way it books certain revenue and cash.

“Our management has concluded that there are material weaknesses in internal control over financial reporting, as we did not maintain effective controls over the selection and application of accounting principles generally accepted in the United States (GAAP) related to revenue recognition and restricted cash,” the company said in the SEC filing.

Bridgepoint said last month it was notified by the Securities and Exchange Commission about issues it had on details related to the booking of revenue and accounting for doubtful accounts.

The issues center on how the company books revenue when students lose federal financial aid.

The company provided some ranges on what the revised 2013 financial report will look like when it’s filed.

The revenue for 2013 will be in a range of $749 million to $753 million, compared with $768.6 million as had been previously reported.

Net income for that year will be in a range of $45 million to $48 million, compared to $41 million as previously reported.

For the first quarter ended March 31, 2014, which will be filed after the company files the 2013 annual report, Bridgepoint said it expects revenue to be in a range of $155 million to $159 million. It also expects to report a net loss of $4 million to $5 million for the quarter.

Shares of Bridgepoint, traded under BPI on the New York Stock Exchange, closed June 4 at $13.22, up 23 cents from the prior day’s closing price. The 52-week range was $11.53 to $20.33.