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.
Heron Virtual Academy of South Carolina (HVASC) is set to launch for the 2023-2024 school year, offering a tuition-free program for grades 9-12. This state-approved virtual Alternative Education Campus aims to support students facing academic challenges, equipped with Individualized Learning Plans. HVASC focuses on credit recovery and career preparation in high-demand fields like business and entrepreneurship, providing access to accelerated credit recovery courses. The curriculum, crafted by K12, is designed to foster essential life skills through social-emotional learning and project-based activities, maximally engaging students in flexible learning environments.
Enrollment is currently open, with a mission to inspire students who have previously struggled academically.
Stride, Inc. (NYSE: LRN) has announced a partnership with WebbAlign to enhance its K-12 educational offerings. This collaboration aims to implement the Depth of Knowledge (DOK) framework, designed to help educators meet modern educational standards effectively. The partnership supports Stride's commitment to providing individualized learning opportunities, fostering skills like resilience and self-management among students. With a flexible curriculum that adapts to state requirements, Stride continues to serve public and private schools nationwide, ensuring students access high-quality educational content and assessments.
Stride, Inc. (NYSE: LRN) has partnered with Ball State University to offer a range of certificate training programs through its non-credit division, Lifetime Learning. This collaboration introduces several in-demand courses, including Phlebotomy Technician, Surgical Technician, and Cisco CCNA Network Associate, enhancing opportunities in healthcare and IT fields. The initiative aims to fill talent gaps by providing career success coaching and funding options for students. Since its inception in 2009, MedCerts has supported over 50,000 individuals in gaining credentials and entering new careers, emphasizing its commitment to workforce development.
As of late March, over 50,000 students in Arizona are utilizing Empowerment Scholarship Account funding for private school education, receiving approximately $7,000 each for tuition and expenses. The increased preference for online education is evident, with enrollment in virtual schools reaching 176% of pre-pandemic levels. Arizona ranked 7th in the U.S. for full-time online education enrollment in 2021. The online learning sector is expected to grow by nearly 10% annually over the next five years, driven by demand for STEM education. Both Grand Canyon Private Academy and FaithPrep Arizona are accepting enrollments for the 2023-2024 school year.
Enrollment is now open for Minnesota students seeking online public school options tailored to individual needs. Powered by Stride, these tuition-free schools offer personalized education, leveraging 20 years of online K-12 experience. Students can choose from full- or part-time schooling with various programming options that include career training and flexible scheduling. The curriculum meets Minnesota standards, ensuring a quality education. Stride's Minnesota schools, including Minnesota Virtual Academy, IQ Minnesota, and Insight Minnesota, provide inclusive and supportive environments for students, helping them thrive academically and socially.
Tallo has formed a joint venture with Texas ESC, Region 13 to enhance career learning for Texas students.
Over 100,000 students in the Austin area will gain unlimited access to Tallo's platform, aimed at connecting them with educational and job opportunities. Tallo’s Head of Business Development, Mike Dardaris, emphasizes the importance of this partnership in helping students showcase their skills. Dr. Rich Elsasser from Texas ESC notes that this initiative provides a pathway for students to envision their futures, promoting their productivity and innovation.
For further resources, visit tallo.com/texas-region-13.
Stride, Inc. (NYSE: LRN) has appointed Allison Lawrence and Ralph Smith to its Board of Directors, effective March 27, 2023. Lawrence brings nearly 20 years of experience from Stanley Black & Decker, where she led eCommerce and various executive roles. Smith, a founding director of the Campaign for Grade-Level Reading, has a strong background in education policy and community engagement. Both are expected to contribute significantly to Stride's mission of enhancing educational outcomes. Their diverse experiences in business and education are poised to strengthen Stride's leadership as it continues to innovate in tech-enabled education solutions.
Grand Canyon Private Academy reveals that over 35% of parents chose online education primarily due to bullying concerns, as noted in a recent survey. The report highlights the experiences of students like Leo, who faced severe bullying in traditional schools. The National Bullying Prevention Center indicates that 85% of bullied students are targeted on school property. The Empowerment Scholarship Account (ESA) program offers Arizona families options for private online schooling, now including GCPA and FaithPrep Arizona. Both institutions focus on a supportive learning environment free from bullying, which is crucial for student success.
Stride, Inc. (NYSE: LRN) has launched a new curriculum to celebrate Women’s History Month, featuring stories of inspiring women and girls. This initiative, done in partnership with Rebel Girls, aims to amplify representation in education, offering diverse content across various subjects. The Stride Learning Hub will include curated collections of Rebel Girls books and audio content, allowing educators to personalize their courses. Stride emphasizes the importance of representation in learning, believing that students benefit from seeing stories that reflect their backgrounds. This partnership further extends Rebel Girls’ reach in educational settings.
FAQ
What is the current stock price of Stride (LRN)?
What is the market cap of Stride (LRN)?
What does Stride, Inc. do?
How does Stride, Inc. generate revenue?
What are the core business segments of Stride, Inc.?
What recent financial achievements has Stride, Inc. reported?
What types of educational programs does Stride offer?
Who develops Stride's curriculum?
How many schools and school districts does Stride serve?
What is the outlook for Stride, Inc. for the rest of the fiscal year?
How can investors get more information about Stride, Inc.?
What is Stride's approach to teaching and learning?
