Instructure Holdings, Inc. - INST STOCK NEWS

Instructure Holdings (NYSE: INST) reported strong Q4 and fiscal year 2021 results, with GAAP revenue of $110.6 million, a 26% year-over-year increase. The company added over 800 new customers, achieving 109% net revenue retention. Despite a GAAP net loss of $20.7 million, Adjusted EBITDA reached $41.7 million. For 2022, Instructure projected revenue between $455.8 million and $459.8 million, alongside significant growth in ACR and non-GAAP metrics, signaling continued momentum in the ed tech market.

Instructure Holdings, known for the Canvas Learning Management System, will have its CEO Steve Daly and CFO Dale Bowen presenting at two investor conferences in March 2022. The Morgan Stanley Technology, Media & Telecom Conference is set for March 7, 2022, at 1:50 p.m. PT, in San Francisco, CA. The Raymond James 43rd Annual Institutional Investors Conference follows on March 9, 2022, at 8:40 a.m. ET, in Orlando, FL. Both events will feature live webcasts and archived replays on Instructure's investor relations website.

Instructure (NYSE: INST) has launched a new Channel Partner Program aimed at expanding its reach into international markets, specifically APAC, EMEA, and LATAM. The program is designed to support educational institutions by providing access to the Instructure Learning Platform, which includes learning management, assessment, and analytics tools. Partners will benefit from a tiered structure offering various incentives, training, and support. This move is expected to enhance Instructure's growth in the edtech sector, responding to the increasing demand for flexible online learning solutions.

On January 25, 2022, Instructure released its inaugural research on K-12 assessment, revealing that 81% of educators are concerned about the anxiety caused by summative assessments. The report showed that while 94% of educators use formative assessments, 84% are creating their own assessments, indicating a significant workload. Key findings suggest a shift towards a balanced approach to assessments is needed, highlighting technology and training as essential for effective implementation. The study surveyed 1,058 educators across the U.S., pointing to a crucial moment for evolving assessment methods in education.

Instructure Holdings will report its financial results for Q4 and the fiscal year ending December 31, 2021, on February 17, 2022, after market close. A conference call is scheduled for 3:00 PM MT (5:00 PM ET) on the same day to discuss the results. Investors can access the call via phone or by visiting Instructure's investor relations webpage. The company supports over 30 million educators and learners across 6,000 organizations globally, emphasizing its commitment to enhancing educational outcomes.

Instructure Holdings announced that its CEO, Steve Daly, and CFO, Dale Bowen, will present at the Raymond James Technology Investors Conference on December 8, 2021, at 1:20 p.m. ET. The presentation will be available via a live webcast on the company's website, with a replay accessible for 12 months. Instructure supports over 30 million educators and learners worldwide through its Canvas Learning Management System, serving more than 6,000 organizations.

Instructure Holdings, Inc. (NYSE: INST) has announced its acquisition of Kimono, a leader in cloud-based data integration for education. This strategic move will enhance Instructure's Learning Platform by rebranding Kimono's solution as Elevate Data Sync, facilitating secure syncing of educational data across various applications. With a client base of 27,000 schools and 16 million students, this acquisition aims to improve data interoperability and broaden integration capabilities within education systems.

Instructure Holdings reported strong Q3 results for the period ending September 30, 2021, with GAAP revenue of $107.2 million, up 31% year-over-year, and Allocated Combined Receipts of $108.6 million, a 24% increase. Despite an operating loss of $5.0 million, the company achieved Non-GAAP operating income of $40.4 million (37.2% of receipts). The financial outlook for Q4 and full year 2021 remains positive with revenue guidance between $106.9 million to $107.9 million for Q4 and $401.7 million to $402.7 million for the full year.

On November 2, 2021, Instructure announced that Miami Dade College (MDC) has selected Canvas as its new learning management system. This collaboration aims to enhance student success and completion through accessible educational technology. MDC, with a diverse student body of over 120,000 across eight campuses, seeks a robust, mobile-friendly LMS that supports multilingual users. Canvas offers a user-friendly platform designed to improve teaching and learning experiences, solidifying its position as a leader in higher education technology.