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. (NYSE: LRN) reported strong financial results for the third quarter of fiscal 2023, ending March 31, with revenues of $470.3 million, up 11.5% from $421.7 million in 2022. This growth is attributed to increased enrollment and revenue per enrollment, especially in the Career Learning segment, which saw an 81.1% increase in revenues. Net income rose 29.2% to $55.5 million, boosting diluted earnings per share to $1.30 from $1.02. For the nine months ended March 31, total revenues reached $1.35 billion, an increase of 9.9%. The company raised its fiscal 2023 revenue forecast to between $1.805 billion and $1.825 billion.
Stride, a leading provider of online education, announces that fourteen of its powered schools will participate in SuitUp’s Take on Tech Challenge on
Stride Inc. (NYSE: LRN) has announced a conference call on April 25, 2023, at 5:00 p.m. ET to discuss its third quarter fiscal year 2023 financial results. Investors and analysts can participate via phone or access a live webcast. The call aims to provide insights into Stride's performance, ongoing initiatives, and future outlook. The replay will be available after the call through the same webcast link. As a leader in tech-enabled education solutions, Stride serves K-12 and adult learners across the U.S. and more than 100 countries, focusing on innovative learning experiences and professional skills training.
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