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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.
Clarksville Community School Corporation has opened enrollment for the 2022-23 school year at the Indiana Gateway Digital Academy (INGDA), a tuition-free online program for K-12 students statewide. Amid a surge in COVID-19 cases, more parents are considering online education options. INGDA offers flexibility for athletes and students with special needs to balance academics with extracurricular activities. For more information on enrollment, visit ingda.k12.com.
Cyber Academy of South Carolina (CASC) has opened enrollment for the 2022-23 school year, offering a tuition-free, online public school program for grades K-12. Amid the COVID surge, the program offers parents an alternative to traditional schooling, emphasizing career-focused education in fields like Business Management and IT. Head of School David Crook highlighted CASC's long-standing commitment to helping families navigate educational choices. For more details on enrollment, visit casc.k12.com.
Enrollment is now open for the 2022-23 school year at Ohio Digital Learning School (ODLS), a tuition-free online public charter school for grades 9-12. As many parents seek alternative education options amid a COVID surge, ODLS provides personalized learning paths and a curriculum designed for students who require flexibility. The program is aimed at students aged 16-21 and is particularly beneficial for athletes and advanced learners. For more details, families can visit odls.k12.com.
Enrollment for the 2022 school year at Insight School of Michigan (ISMI) is now open, focusing on students aged 16 and over to support Michigan’s Opportunity Youth. ISMI offers a credit recovery program to help students who are behind on credits. Amid rising COVID cases, the online charter school aims to address the increasing demand for online education. ISMI, a tuition-free program for grades 9-12, operates under Stride, Inc. (NYSE: LRN), providing accessible and engaging online curricula across Michigan.
Arkansas Virtual Academy (ARVA) is set to renovate its new 50,000 square foot headquarters in Downtown Little Rock, aimed at supporting K-12 students with blended in-person classes, job training, and a STEM lab. The facility will serve as a training hub and testing site, funded by federal ESSER funds from the American Rescue Plan. Scheduled to open by January 2023, ARVA is currently welcoming enrollments for the 2022-2023 school year, allowing families to access online educational resources and track students' progress through a dedicated app.
Enrollment for the 2022-3 school year at the Digital Academy of Florida (DAOF), a program of the Hendry County School District, is now open. DAOF offers hands-on learning experiences in career fields such as information technology and digital design, providing students with skills for the workplace, military, or higher education. As a Stride Career Prep program, it features pathways leading to industry certifications. The tuition-free program is available for grades K-12 statewide, catering to various student needs, including advanced learners and those seeking a bullying-free environment.
Enrollment opens tomorrow for the Texas Online Preparatory School (TOPS) for the 2022-23 school year, providing a full-time, tuition-free online education for grades 3-12. TOPS focuses on career learning in fields like Arts, Business, and IT, catering to diverse student needs, including athletes and those seeking flexible learning environments. Amid rising COVID cases, parents increasingly consider online education options. Management emphasizes consistency in education, having successfully operated since 2013. Interested families can enroll at tops.k12.com.
Indiana Digital Learning School (INDLS) opens enrollment for the 2022-23 school year, providing a public online education option for K-12 students statewide. The school focuses on career learning, offering programs in various fields such as Agriculture, Health Sciences, and IT. With a tuition-free model, INDLS caters to families seeking alternatives to traditional education amidst ongoing COVID challenges. Parents are encouraged to enroll through the Stride K12 mobile app or the website. INDLS is part of the Union School Corporation and utilizes K12's curriculum for a high-quality educational experience.
Enrollment opens tomorrow for the Ohio Virtual Academy (OHVA), a free accredited online charter school in Ohio serving grades K-12. The school emphasizes career learning alongside academic education, preparing students for careers in fields like Business and IT. Amid rising COVID cases, many parents are exploring online education options. OHVA offers a flexible curriculum, ideal for students needing a bullying-free environment or balancing academics with other pursuits. More details and enrollment information are available at ohva.k12.com.
Enrollment for the 2022 school year at Michigan Great Lakes Virtual Academy (MGLVA) is now open. This tuition-free online public school, part of the Manistee School District, offers K-12 students in Michigan a chance to pursue a solid academic foundation alongside hands-on learning in fields like Business Management and Cybersecurity. Amid a COVID surge, MGLVA provides consistency and safety for families seeking educational alternatives. Interested families can attend online information sessions to learn more about enrollment and upcoming events.
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