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) will discuss its second quarter fiscal year 2023 financial results on January 24, 2023 at 5:00 p.m. ET. A live webcast will be available, with details on how to participate. Investors can dial in using the provided numbers and conference ID. The company focuses on providing innovative, tech-enabled education solutions and has served millions of learners worldwide. Stride continues to deliver education across primary to postsecondary levels, including professional skills training.
Two new private schools are opening in Arizona: Grand Canyon Private Academy and FaithPrep Arizona, offering tuition-free options through the state’s Empowerment Scholarship Accounts (ESA). With 100% of tuition covered, these schools aim to provide quality education for all income levels. The ESA program allocates approximately $7,000 per student, enabling families to access private education without financial burdens. Currently, over 45,000 students are enrolled in private schools via the ESA in Arizona, highlighting the significant interest and growing accessibility of online education.
Stride, Inc. (NYSE: LRN) has partnered with UMKC TalentLink and MedCerts to enhance local healthcare training in Kansas City, Missouri. This collaboration aims to supply qualified healthcare professionals quickly to address the labor shortage in the industry. MedCerts will provide online, self-paced healthcare certification programs through TalentLink, benefiting both job seekers and local healthcare businesses. The initiative responds to the significant demand for skilled workers in Missouri's healthcare sector, supported by resources and training opportunities.
Arizona's Empowerment Scholarship Account (ESA) program makes private school education more accessible, with over 30,000 students enrolled. The program provides around $7,000 per student, covering costs for tuition, tutoring, and materials, making private education affordable for families of all incomes. Special needs students may receive up to $37,000. ESA applications are accepted year-round, allowing for timely funding and educational flexibility. For more information, parents can visit the AZ Empowerment Scholarship website.
Stride, Inc. (NYSE: LRN) has opened registration for the 17th Annual K12 Art Competition, inviting students nationwide to participate until January 31, 2023. This competition encourages artistic expression and is inclusive of all students, regardless of school affiliation. Collaborating with Savannah College of Art and Design, the competition offers up to $1,000 in prizes for winners across various grade bands. Selected works will be showcased at Stride’s headquarters in Reston, Virginia, highlighting the intersection of technology and art.
Stride, Inc. has launched FaithPrep Texas, an online K-12 program under StoneGate Christian Academy, focusing on faith-based education. The program utilizes the Stride K12 accredited curriculum, offering flexible learning options and character development initiatives such as the Servant Learner™ initiative. With increasing concerns among Christian parents regarding educational quality—66% expressing dissatisfaction with public education—the new program aims to address these needs by combining academic rigor with Christian values. Applications for the spring semester are now open.
MedCerts, a leader in online healthcare and IT certification training, announced Craig Sprinkle as its new CEO effective November 7, 2022. With a focus on expanding access to training programs, MedCerts aims to address urgent workforce needs in healthcare. Under Sprinkle's leadership as CFO, the company saw enrollments and revenue increase over 4x. MedCerts has trained over 50,000 students and partners with more than 1,000 healthcare organizations. The company emphasizes innovative technology solutions and strong partnerships to further enhance its offerings.
Stride, Inc. (NYSE: LRN) has launched a free K-12 curriculum called One Voice, designed to facilitate discussions on race and equity in education. This inquiry-based curriculum connects U.S. history with contemporary issues, allowing students to explore diverse viewpoints.
Accessible online to educators and families, One Voice includes customizable lesson plans and resources. The initiative reflects Stride's commitment to equity in education, complemented by a $10 million scholarship investment for underserved students.
Oklahoma Virtual Charter Academy is the only all-virtual school in Oklahoma to receive the prestigious Purple Star Designation from the Oklahoma State Department of Education. This award recognizes schools for supporting students from military families, addressing their unique social, emotional, and academic needs. Currently, OVCA serves about 95 military families and is dedicated to providing tailored assistance to help these students succeed. The distinction reflects OVCA's commitment and the support from its staff aimed at building strong relationships with military families.
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?
