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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 announces its ongoing partnership efforts with nearly 40 edtech providers during InstructureCon 2022, including Google and Microsoft. The virtual event showcases innovations and allows educators to connect directly with partners. Notable integrations include AWS, Google for Education, and Turnitin, enhancing the educational experience. The Instructure EdTech Collective, comprising over 600 partners, fosters collaboration in the education sector. Instructure emphasizes its commitment to improving learning opportunities through strategic partnerships and an open architecture.
Instructure announced major updates to its Learning Platform at InstructureCon 2022, enhancing support for millions of educators and learners globally. Key improvements include a revamped brand architecture with solutions like Canvas, Mastery, Elevate, and Impact, aimed at optimizing educational experiences across K-12 and higher education. Notable features introduced are course pacing, assignment enhancements, and assessment analytics. These developments underscore Instructure's commitment to innovation and meeting the evolving needs of the education sector.
Instructure Holdings, Inc. (NYSE: INST) will report its second quarter financial results for 2022 on August 1, 2022, after market close. The company plans to host a conference call and webcast at 3:00 p.m. MT to discuss these results. Investors can access the call by dialing (888) 330-2384 in the U.S. and Canada. A replay will be available until August 8, 2022. Instructure focuses on enhancing education through its Canvas Learning Management System, serving millions of educators and students worldwide.
Instructure has released its 2022 State of Teaching and Learning in K-12 report highlighting ongoing challenges in education post-COVID-19. The survey reveals disparities between parent and educator perceptions of student progress, with only 27% of parents recognizing significant setbacks compared to 51% of administrators. Key findings emphasize the importance of student engagement and high-quality teaching. The report identifies six major trends, including the necessity of technology in education and a focus on educational equity. The survey collected 1,379 responses from various education stakeholders.
Instructure has appointed Shiren Vijiasingam as Chief Product Officer, effective June 20, 2022. He brings over two decades of product experience, including a successful tenure at Newsela, where he drove significant product growth. Vijiasingam will focus on advancing the Instructure Learning Platform, enhancing product adoption, and supporting the company’s mission to elevate student success. His customer-centric and data-driven approach aims to accelerate innovation in Canvas and other core products amidst a phase of expected hyper growth.
Instructure has announced its annual virtual conference, InstructureCon 2022, scheduled for July 14th. This year’s event will feature keynotes from Simone Giertz and Adam Grant, focusing on resilience in education. Following a successful gathering of over 15,000 attendees in the previous year, this event aims to foster community among educators and edtech users. Notable partners include AWS, Microsoft, and Google, with plans for regional events in EMEA and APAC later this year. The conference seeks to enhance educator engagement through a centralized platform.
Instructure reported first quarter revenue of $113.5 million, reflecting a 21% year-over-year growth. The company's loss from operations stood at $3.7 million, with an Adjusted EBITDA of $43.6 million. Key highlights included the selection of Canvas by all 23 California State University institutions, and the acquisition of Concentric Sky. Looking ahead, the company projects second-quarter revenue between $110.2 million and $111.2 million, and full-year revenue in the range of $460.9 million to $464.9 million.
Instructure Holdings, Inc. (NYSE: INST) announced management presentations at three major investor conferences in May and June 2022. The events include the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24 at 4:50 p.m. ET, the Baird 2022 Global Consumer, Technology & Services Conference on June 8 at 12:50 p.m. ET, and the William Blair 42nd Annual Growth Stock Conference on June 9 at 12:00 p.m. CT. Live webcasts of these presentations will be available on Instructure's investor relations website, with archived replays accessible for a limited time.
Instructure Holdings, Inc. (NYSE: INST) has completed the acquisition of Concentric Sky, known for its micro-credentialing tool, Badgr. Following the acquisition, Badgr will be rebranded as "Canvas Badges," which will become part of the integrated Instructure Learning Platform. This move enhances Canvas LMS by offering new capabilities, including unlimited badging and analytics through the new "Canvas Credentials" service. The acquisition reflects Instructure's commitment to cater to evolving educational needs and underscores the rise of skills-based learning in higher education.
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