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Instructure Holdings, Inc. (NYSE: INST) is a leading education technology company committed to enhancing student success, empowering teachers, and fostering collaborative learning environments. The company's flagship product, Canvas LMS, is a robust, cloud-based learning management system widely adopted by K-12 schools, higher education institutions, and professional education providers. In addition to Canvas LMS, Instructure's comprehensive suite includes Canvas Studio, Canvas Catalog, Mastery Assessment, and the recently acquired Parchment, among others.
Instructure's mission is to create solutions that amplify the power of teaching and elevate the learning process. The company's open, extendable, and configurable platform is designed to meet the diverse needs of educational institutions globally, improving student outcomes and providing a seamless learning experience.
In recent news, Instructure reported its financial results for the third quarter of 2023, showcasing strong business performance with best-in-class margin and record cash flow. The company also announced its acquisition of Parchment, the world's largest credential management platform. This strategic move is expected to significantly expand Instructure's customer base and open new growth opportunities by integrating digital credentialing into its learning platform.
Instructure's partnerships and integrations further bolster its offerings. Notably, a collaboration with Lucid Software will soon provide all Canvas users access to the Lucid Education Suite, enhancing the collaborative and visual learning experience.
Financially, Instructure continues to demonstrate robust performance and growth. For the full year 2023, the company reported increased revenue and adjusted unlevered free cash flow, driven by strong business execution and strategic acquisitions. Management remains confident in its ability to sustain growth and deliver value to shareholders.
With a focus on innovation and a commitment to education, Instructure is well-positioned to continue leading the edtech industry and support the evolving needs of educators and learners worldwide. For more information, visit www.instructure.com.
Instructure Holdings, Inc. (NYSE: INST) will report its third-quarter financial results for the period ending September 30, 2021, on November 8, 2021, after market close. A conference call is scheduled for 3:00 p.m. MT (5:00 p.m. ET) on the same day to discuss the results. Interested parties can join the call by dialing the provided numbers or accessing the live webcast on their investor relations page. Instructure supports over 30 million educators and learners across more than 6,000 organizations globally.
Instructure has launched Impact by Instructure for K-12 institutions, expanding its previous offering for higher education. This tool, initially announced in July after the acquisition of EesySoft, assists educators in adopting educational technologies effectively. Impact provides insights into user engagement with Canvas LMS, customizable messaging, in-app guidance, and measurement of intervention effectiveness. This solution aims to enhance teaching efficiency and student outcomes.
Instructure announced the launch of the Grit Lab 101 course, designed by best-selling author Angela Duckworth, exclusively for high school students on the Canvas LMS. This new course builds on the success of the original Grit Lab course for college students and focuses on fostering passion and perseverance in students. Currently in pilot at select U.S. schools, Grit Lab 101 aims to provide actionable insights into the science of grit. The initiative was highlighted during InstructureCon 2021, where Duckworth spoke about the course's relevance to students' lives.
On October 7, 2021, Instructure announced key updates to its Learning Platform during InstructureCon. Canvas LMS enhances user experience for 30 million educators and students across 70 countries. Notable features include redesigned Discussions for better interaction, improved Canvas for Elementary to support young learners, customizable Course Templates, and enhanced Canvas Studio with Chromebook support. Additionally, Impact by Instructure for K-12 launches on October 18, aimed at optimizing educational tool usage. These innovations demonstrate Instructure's commitment to enhancing education and maximizing technology effectiveness.
Instructure, a leader in education technology, announced its expanded partnerships with key edtech providers such as Canva, InSpace, K16 Solutions, and Tableau to enhance its offerings. These integrations will facilitate the creation of educational content, video communication, and data management within the Canvas Learning Management System. With over 500 partners, Instructure continues to innovate, aiming to support over 30 million educators and learners globally. The annual conference, InstructureCon, showcases these developments, highlighting the importance of community engagement in education technology.
On October 4, 2021, Instructure announced the winners of its 2021 Educator of the Year Awards during InstructureCon 2021. The awards recognize outstanding U.S. educators who excelled in adapting to remote learning and supporting student success amidst the challenges posed by the pandemic. Winners include Angela Girol, Jamie Morlock, Suzanne Denny, Rami Salahieh, Carol Stallworth, and Lucas Myers, each noted for their innovative teaching methods and commitment to student achievement. The event underscores Instructure's dedication to education technology and the importance of effective teaching.
Instructure announced its annual conference, InstructureCon 2021, scheduled for October 7, featuring keynote speakers like will.i.am and Angela Duckworth. This free virtual event aims to connect educators and edtech users globally, with an expected attendance of thousands. Following last year's success with over 20,000 participants, the conference will include networking sessions and product showcases. Instructure aims to support educators amidst ongoing challenges posed by COVID-19, providing a platform for sharing insights and best practices in education technology.
Instructure released its second annual research report on the impact of the pandemic on higher education. Key findings include a growing emphasis on student mental health, with 92% of respondents highlighting its importance for success. Career readiness remains a primary concern, with 84% prioritizing it. The study, surveying over 7,600 individuals across 18 countries, reveals that socioeconomic factors significantly impact engagement. The report aims to guide institutions in adapting to evolving definitions of success in a hybrid learning environment.
Instructure (NYSE: INST) announced its participation in the Jefferies Virtual Software Conference on September 14, 2021, at 10:30 a.m. ET. CEO Steve Daly and CFO Dale Bowen will present insights on the company's educational technology solutions.
Listeners can access the live webcast at ir.instructure.com, with an archived replay available for 30 days post-conference. Instructure currently supports over 30 million learners globally across 6,000 organizations.
Instructure Holdings, Inc. (NYSE: INST) has announced the appointment of Ossa Fisher and Lloyd "Buzz" Waterhouse to its Board of Directors. Ossa Fisher brings extensive experience from Istation and Match.com, while Lloyd Waterhouse has a notable background with McGraw-Hill Education. Both will serve on the Audit Committee. CEO Steve Daly expressed enthusiasm about their contributions towards enhancing educational technology. The appointments aim to strengthen the company's leadership and strategic direction in the education sector.
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