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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.
FAME, Inc. and Tallo® have renewed their partnership to enhance educational and career opportunities in Delaware for K-12 students and young adults. This collaboration aims to improve access to college and career options, fostering local employment and early talent pipelines. Tallo's platform will facilitate events and resources that connect students with industry professionals, internships, and scholarships. The partnership aligns with FAME's mission to prepare underrepresented minorities for STEM careers. Notably, Tallo serves over 1.7 million users, bridging connections between talent and employers effectively.
Washington Virtual Academies (WAVA), a tuition-free online K-12 program under Omak School District, is now accepting student applications. WAVA offers personalized education tailored to each student’s needs, allowing them to learn from home with a mix of online lessons and offline activities. Certified teachers provide virtual instruction through 'Class Connects.' The program includes career prep options for middle and high school students, helping them explore career paths while earning a high school diploma. For more details, visit wava.k12.com.
Ohio Digital Learning School (ODLS) has opened enrollment for the 2023-24 academic year, providing a tuition-free online education for students in grades 9-12 and adults seeking high school diplomas. The school is authorized by the Ohio Council of Community Schools and focuses on personalized learning to meet varied student needs. ODLS offers flexible schedules, a credit recovery program, and one-on-one support from mentor teachers. This alternative education option is particularly beneficial for at-risk students and those who have previously dropped out. More information can be found at odls.k12.com.
Insight School of Washington (ISWA), a tuition-free online K-12 educational program, is now accepting applications for the 2023-24 school year. Part of the Quillayute Valley School District and powered by Stride, ISWA focuses on personalized learning for diverse students, including those underserved. Executive Director Myron Hammond emphasized the strong support provided to students and families. ISWA offers numerous opportunities for extracurricular activities, career preparation, and social-emotional learning. Registration is currently open, and interested families can apply online or contact ISWA for more information.
Ohio Virtual Academy (OHVA), Ohio's largest online public charter school, is now accepting enrollments for the 2023-24 school year. Powered by Stride, OHVA offers a tuition-free, award-winning online education, emphasizing personalized learning and holistic support. With two decades of experience, OHVA caters to students requiring flexible educational solutions, including advanced learners and those facing medical challenges. The school also provides Career Technical Education and College Credit Plus programs for high school students, fostering career and college readiness. Interested families can find enrollment details at ohva.k12.com.
West Virginia Virtual Academy (WVVA) is now accepting enrollments for the 2023-2024 school year, expanding to include 11th grade. Established in 2022, WVVA provides a tuition-free, personalized online education for K-11 students in West Virginia, focusing on safe, alternative education. Staffed by state-licensed teachers, the academy offers a supportive learning environment tailored to individual needs. According to Executive Director Doug Cipoletti, the unique offerings and technology enhance student success. Parents like Tabitha Huffman praise the attention their children receive, highlighting improved academic performance. More details and enrollment information are available at https://wvva.k12.com.
Stride, Inc. (NYSE:LRN) announces a groundbreaking partnership with the University of Tennessee to offer online medical support and technology programs through the Center for Professional Education & Lifelong Learning. This collaboration represents MedCerts' first agreement with a public university, expanding its reach in career training. The partnership provides access to a range of courses in healthcare and IT, including Pharmacy Technician and CompTIA certifications, directly through the university's platform. MedCerts aims to support students' academic and career development with personalized guidance.
Stride, Inc. (NYSE: LRN) announces the second webinar in its four-part series, My Career Connections, aimed at helping high school students connect with industry-leading employers like CVS Health. The live session on February 24 at 11:00 AM Eastern will offer insights into career opportunities, with over 50,000 openings available, including internships and entry-level jobs. Participants will receive resources for resume building and interview preparation, enhancing their employability. This initiative reinforces Stride's commitment to linking students with career pathways in high-demand fields, fostering early talent pipelines for employers.
Stride, Inc. (NYSE: LRN) has launched Stride Enrichment, a new web-based suite of extracurricular programs designed to enhance student skills and career potential. The platform targets students of all ages, providing over 30 programs in technology, creative arts, business, and fitness. Access to quality education is a priority, addressing the challenges posed by geographic limitations. Current offerings include courses like Intro to Storytelling and Minecraft Modding Quest. Enrollment is now open with a limited-time discount of 25% on program fees.
Indiana Wesleyan University (IWU) has partnered with MedCerts to provide online certification training in healthcare and IT to its students. This initiative aims to address the healthcare worker shortage in Indiana, which is projected to need approximately 5,000 nurses by 2031. IWU is offering several in-demand programs such as Medical Assistant, Pharmacy Technician, and Medical Billing Specialist. This program is part of IWU's Talent Ladder platform, enhancing job-aligned training and potentially offering university credit for successful participants. The partnership aims to enhance student career success in a critical labor market.
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