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.
Insight School of Oklahoma (ISOK) is set to celebrate its Class of 2022 graduation with a ceremony on May 21st, 2022, at 10 AM in Edmond, OK, and will also provide a virtual option. Over 217 graduates will be recognized, many of whom have been accepted to various colleges and trade schools. The ceremony will feature valedictorians Aiden Adams, Conner Adams, and McKenaugh Hensley, with keynote speaker Representative Ryan Martinez. ISOK combines online instruction with state-licensed teachers, offering a personalized learning experience.
Stride, Inc. (NYSE: LRN) is set to host its second annual National Spelling Bee at its headquarters in Herndon, VA, on May 24. The event includes finalists from various online and brick-and-mortar schools, with all expensed paid trips for participants and their parents. Notably, past champions will compete again this year. Winners at elementary, middle, and high school levels will receive $2,500 Amazon gift cards and high-end gaming platforms. The event emphasizes Stride's commitment to inclusive education and will be streamed live on Stride K12's Facebook page.
Upshur County Virtual School (UCVS) is set to welcome K-12 students in West Virginia for the 2022-2023 school year, enhancing online education availability. The program, initiated in response to pandemic challenges, offers a full course load in core subjects, customized by Stride Learning Solutions, a subsidiary of Stride, Inc. (NYSE: LRN). Graduates will receive diplomas from Buckhannon-Upshur High School and can participate in extracurricular activities. UCVS aims to provide innovative learning solutions, with support from local colleges.
Insight School of Kansas celebrates its graduating class of 2022 with an in-person ceremony on May 14, 2022, at 2:00 PM. Over 120 students will graduate, many having secured placements at colleges and universities across Kansas and beyond, while others pursue trade or technical programs. Insight offers a supportive online learning environment, enabling students to adapt their education to personal circumstances. The school is part of the Spring Hill Unified School District and operates tuition-free, affiliated with Stride, Inc. (NYSE: LRN).
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?
