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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) plans to release its first-quarter financial results on May 1, 2023, after market close. The company, known for its Canvas Learning Management System, will also host a conference call and webcast at 3:00 p.m. MT (5:00 p.m. ET) on the same day to discuss the results. Investors can access the call by dialing (888) 330-2384 from the U.S. and Canada or (240) 789-2701 internationally, using conference ID 1348899. A live webcast and replay will be available on Instructure's investor relations page. The company claims to support millions of educators and learners globally.
Instructure announces that Melissa Loble, its chief customer experience officer, has been appointed chair of the board for 1EdTech, a leading non-profit organization enhancing the edtech ecosystem. Loble brings over nine years of experience from Instructure and a strong educational background. Her leadership aims to further the organization’s mission of fostering collaboration and innovation in education technology. Rob Abel, CEO of 1EdTech, expressed confidence in Loble’s ability to impact the education industry positively. She will serve a one-year term, focusing on improving digital education experiences.
On March 30, 2023, Instructure announced the launch of Canvas Admin Analytics, providing all Canvas LMS customers with powerful analytics features at no additional cost. This self-service tool empowers administrators to analyze Canvas adoption, course activity, and student engagement, facilitating informed decision-making. Key features include interactive dashboards with over 20 visual metrics, institution-wide data views, and the ability to identify at-risk students. The initiative aims to enhance training consistency and improve student outcomes, while also offering insight into return on investment.
On February 23, 2023, Instructure Holdings, Inc. (NYSE: INST) announced that its management team will be presenting at two upcoming investor conferences:
- Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at 11:20 a.m. PT.
- Jefferies Virtual Online Education/e-Learning Summit on March 14, 2023, at 10:00 a.m. ET.
Live webcasts of these presentations can be accessed on Instructure's investor relations website, where archived replays will also be available for a limited time. Instructure aims to enhance student success through its learning platform, which supports millions of educators and learners globally.
Instructure Holdings reported fourth quarter GAAP revenue of $124.7 million, marking a 12.8% increase year-over-year. For the fiscal year 2022, GAAP revenue reached $475.2 million, a 17.2% growth. Despite these revenue gains, the company recorded a net loss of $34.2 million and an operating loss of $16.5 million for the year. Adjusted EBITDA was $179.6 million for 2022. Looking ahead, Instructure expects first quarter 2023 revenue between $126.5 million and $127.5 million and full-year revenue guidance of $519.4 million to $523.4 million.
Instructure, the company behind the Canvas Learning Management System, announced that Jack Jackson, Vice President of Global Channels, has been recognized as a 2023 CRN Channel Chief. This honor highlights top IT executives who drive successful channel partner strategies. Jackson, honored for two consecutive years, has spearheaded the launch of Instructure's channel partner program in 2021, designed to reach new customers globally and enhance the accessibility of their offerings. CEO Steve Daly praised Jackson's leadership for supporting international expansion and improving educational access. The 2023 Channel Chiefs list will appear in the February issue of CRN Magazine.
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