Welcome to our dedicated page for Stride news (Ticker: LRN), a resource for investors and traders seeking the latest updates and insights on Stride stock.
Stride, Inc. (NYSE: LRN) is a leading American online educational company that redefines traditional learning experiences through advanced digital learning platforms and technology. The company provides an alternative to traditional on-campus schooling by operating state-funded virtual charter schools across the United States. Stride's educational programs cater to K-12 students, offering a range of virtual classroom environments where interactions with teachers occur online, by phone, or in-person.
Stride's core business segments include Managed Public School Programs, Institutional, and Private Pay Schools and Other. The company has built substantial partnerships with various school districts, contributing significantly to its revenue through contractual agreements to deliver its curriculum programs. Stride's innovative approach has reached over 2,000 schools and school districts, delivering more than four million courses in the past decade.
The company is committed to providing a high-quality education that helps students thrive academically and prepare for post-secondary education and future careers. This commitment is reflected in their engaging curriculum, which is developed by master teachers, cognitive scientists, technologists, and interactive designers.
Recent Achievements and Financial Highlights
- Third Quarter Fiscal 2024 highlights include revenue growth and increased enrollment figures compared to the same period in the previous year.
- As of March 31, 2024, Stride reported cash and cash equivalents totaling $570.7 million, up from $545.5 million at June 30, 2023.
- Capital expenditures for the three months ended March 31, 2024, were $16.3 million, reflecting investments in capitalized software and curriculum development.
Current Projects and Partnerships
Stride continues to expand its footprint by entering new contracts and renewing existing ones with school districts. The company also focuses on enhancing its technology and curriculum to meet evolving academic standards and testing programs.
Products and Services
Stride offers a variety of learning solutions, including public school programs through K12 partner schools, blended school programs, and direct-to-family options. The company's services also extend to professional skills training in healthcare and technology for adult learners, along with staffing and talent development for Fortune 500 companies.
Outlook
Stride's outlook for the rest of the fiscal year remains positive, with an adjusted operating income forecast and a targeted revenue range. The company aims to continue its growth trajectory by focusing on quality education, innovative technology, and strong partnerships.
Stride Inc has been named Company of the Year by the 2024 BIG Awards for Business, recognizing its contributions to online education. With 25 years in EdTech, Stride provides comprehensive virtual learning solutions through K12-powered schools featuring state-certified teachers and award-winning curriculum. The company offers Stride Career Prep for high school students and adult learning programs through Galvanize, Tech Elevator, and MedCerts. This recognition follows recent awards including 'Best EdTech Company' by Global EdTech Awards and 'Remote Learning Solution Provider of the Year' by EdTech Breakthrough.
K12 has announced the winners of its 2024 Photography Competition, selecting 39 winners from over 12,000 entries across 24 schools nationwide. The competition, now in its ninth year, awarded $20,000 in total prizes, with first-place winners receiving $1,000, second-place $500, and People's Choice winners $100 per grade level. Submissions were accepted from May 28 to August 26, followed by public voting from August 27 to September 27. Entries were evaluated based on Impact and Storytelling (50%), Creativity and Composition (25%), and Technical Proficiency (25%).
Stride Tutoring, a portfolio brand of Stride Inc. (LRN), has partnered with Michigan Virtual to provide high-impact tutoring services across Michigan schools and districts. The collaboration aims to support schools in utilizing the MI Kids Back on Track grant, offering personalized learning through certified teachers. Michigan Virtual, which has relationships with 700 Michigan school districts, will serve as the exclusive channel partner for Stride's ESSA Level III certified tutoring services. The partnership focuses on delivering evidence-based, one-on-one and small group tutoring to help bridge learning gaps and drive academic progress.
Stride, Inc. (NYSE: LRN) reported strong first quarter fiscal 2025 results, with revenue increasing 14.8% to $551.1 million compared to the same period last year. The company saw significant growth in enrollments, up 18.5% to 222,600 students, driven by a 30.4% increase in Career Learning enrollments. Key financial highlights include:
- Net income of $40.9 million, up from $4.9 million
- Diluted earnings per share of $0.94, compared to $0.11
- Adjusted EBITDA of $83.9 million, up from $39.8 million
Stride's General Education revenue grew 10%, while Career Learning revenue increased 22.6%. The company maintains a strong cash position of $539.4 million and forecasts full fiscal year 2025 revenue between $2.225 billion and $2.300 billion.
Stride, Inc. (NYSE: LRN) has issued a statement responding to allegations made by Fuzzy Panda Research, a self-proclaimed short seller. Stride asserts that Fuzzy Panda's claims are inaccurate and misleading, aimed at manipulating investors' perceptions of Stride's performance, financial reporting, leadership, and growth prospects.
The company emphasizes its record results for fiscal year 2024 as evidence of successful strategy execution. Stride reports that shareholders and analysts have expressed confidence in the company's direction. An update on progress will be provided during the first quarter fiscal 2025 financial results release on October 22, 2024.
Stride's Board and management team affirm their confidence in the company's plan to enhance shareholder value and support learners in reaching their full potential.
Stride Inc. (NYSE: LRN), a leading technology-based education company, has been named a finalist in three categories of the Tech Edvocate Awards. The company is recognized for its global EdTech contributions, professional development platform, and innovative gamification solution.
Stride's achievements include:
- Empowering over 3 million learners nationwide
- Offering a comprehensive K-12 curriculum
- Providing online public and private school options
- Developing the Stride Professional Development Center for educators
- Creating the Stride Meets Minecraft program, which delivers state-aligned lessons across 11 proprietary worlds
Niyoka McCoy, Chief Learning Officer at Stride, emphasized the company's commitment to delivering cutting-edge education solutions that benefit both students and educators.
Stride Inc. (NYSE: LRN) has announced the date for its first quarter fiscal year 2025 earnings call. The conference call is scheduled for Tuesday, October 22, 2024, at 5:00 p.m. eastern time (ET). Investors and analysts can participate in the live call by dialing (800) 715-9871 (domestic) or +1 (646) 307-1963 (international) and providing the conference ID number 8901384.
A live webcast of the call will be available at https://events.q4inc.com/attendee/118785460. Participants are advised to access the website at least 15 minutes before the call begins. Following the call, a replay will be posted on the same website for those unable to attend the live event.
Stride, Inc.'s K12 SUBS Program has won the Tech & Learning 2024 Back to School Award for Excellence in Secondary Education. This innovative program addresses the critical shortage of special education teachers in the U.S., where over 7.5 million students qualify for Individualized Education Plans (IEPs). With 65% of public schools reporting understaffing in this area, K12 SUBS provides a network of fully licensed, certified substitute special education teachers.
These educators offer essential services such as co-taught instruction, resource support, self-contained instruction, and one-on-one sessions. The program ensures uninterrupted educational support for students with disabilities, even during staffing shortages. Stride's K12-powered schools provide individualized education experiences and cutting-edge online K–12 curriculum, benefiting from over 20 years of research.
Stride, Inc. (NYSE: LRN) has been named the Best EdTech Company by the Global EdTech Awards, recognizing its pioneering efforts in accessible, personalized education solutions. This accolade highlights Stride's commitment to delivering flexible online learning experiences and career-centric education.
Stride's offerings include K12-powered schools with personalized education experiences, Stride Career Prep for high school students, and career development programs like Galvanize, Tech Elevator, and MedCerts for adult learners. The company has also recently received other notable awards, including 'Remote Learning Solution Provider of the Year' by EdTech Breakthrough and six Stevie awards for various innovative programs.
As a leading education company, Stride serves learners across primary, secondary, and postsecondary settings, providing a wide range of services in all 50 states and over 100 countries.
Stride Tutoring, a portfolio brand of Stride Inc. (NYSE: LRN), is addressing the growing demand for online tutoring with affordable, personalized services at $19.99 per session. The company reports a 200% surge in demand for online tutoring since the pandemic. To expand educational access, Stride Tutoring launched a giveaway offering one U.S. family a $10,000 education grant to be deposited into a 529 savings plan.
The company employs certified teachers and offers individualized support in subjects like math, science, and English. Stride Tutoring aims to help students maintain academic pace, catch up on missed material, or excel beyond expectations. The giveaway is open until September 30, 2024, for eligible U.S. parents with children in grades K-12.
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