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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.
Ohio Virtual Academy (OHVA) has partnered with Orion Institute to train high school students for health care roles. This program allows students to earn certifications in Medical Billing & Coding, Medical Assisting, and Massage Therapy while still enrolled in high school, thereby saving on tuition.
Over 60 students have already signed up, gaining advanced standing in Orion’s programs and job placement assistance. With 500,000 health care jobs open nationwide, this initiative aims to fill critical workforce gaps in Ohio's health care sector.
Stride Inc. (NYSE: LRN) is set to discuss its second quarter fiscal year 2022 financial results during a conference call on January 25, 2022 at 5:00 p.m. ET. Investors can participate by dialing (888) 210-2831 for domestic calls or (289) 514-2968 for international, starting from 4:45 p.m. ET. A replay will be available from 8:00 p.m. ET on the same day until February 25, 2022. The live webcast can be accessed via this link.
Stride, Inc. (NYSE: LRN) announces its second annual National Spelling Bee, inviting students from grades 3-12 to participate in a hybrid competition with prizes including $2,500 and gaming laptops for winners. The event, which emphasizes educational engagement in hybrid learning environments, will feature multiple rounds at school, state, regional, and national levels. Stride aims to enhance the educational experience by introducing new enrichment programs alongside the Spelling Bee. Registration closes on **January 28, 2022**.
MedCerts has partnered with Excelsior College to enable students to transfer up to nine credit hours towards various degree programs. This innovative collaboration aims to facilitate career advancement by lowering educational barriers for graduates. MedCerts, a Stride company, has aided over 35,000 individuals in earning credentials for careers in healthcare and IT. With over 1,000 hiring organizations, this partnership enhances the pathways for students seeking further education and career success.
Stride, Inc. (NYSE: LRN) announced its participation in two investor conferences in Q1 2022. The company will host meetings at Needham's 23rd Annual Virtual Growth Conference on January 13, 2022, and William Blair’s 6th Annual Tech Innovators Conference on March 15, 2022. Stride has also released an updated investor presentation, available on its Investor Website. As a leading technology-based education provider, Stride focuses on innovative education solutions for K-12 and adult learners, delivering millions of courses across the U.S. and beyond.
Idaho Technical Career Academy (ITCA) has received the 2021 Cognia™ School of Distinction award, marking it as the only such recognized school in Idaho. This award highlights ITCA's commitment to educational excellence among over 1,200 eligible institutions globally. ITCA is part of Cognia’s Schools of Distinction program, having earned Cognia Accreditation initially in 2016 and reaccredited in March 2021. Executive Director Monti Pittman expressed pride in the faculty's dedication to students. Cognia's President commended ITCA for its ongoing commitment to enhancing student experiences.
Stride, Inc. (NYSE: LRN) is launching a series of 2022 Enrichment Programs focusing on technology education, including video game design, virtual reality, mobile app development, drone flight, and robotics. Aimed at all ages, these programs are designed to spark interest in technology and provide skills for future careers. Registration is open nationwide, with select prerequisites. Stride collaborates with industry leaders like DARTdrones to ensure students receive hands-on experience and professional connections.
Stride, Inc. (NYSE:LRN) announces 14 new enrichment programs aimed at enhancing educational and entrepreneurial skills for students and adult learners across the nation. One notable offering is a 10-week entrepreneurship program where participants create a business, culminating in a business plan and prototype. Programs include topics like drone certification, video game design, and fashion design. Registration has recently opened, with some programs requiring prerequisites. The initiative aims to equip learners with next-generation skills for future job success.
MedCerts has launched its new Career Center to support job seekers and employers amid healthcare worker shortages caused by the pandemic. This online platform integrates career planning with certification training, allowing students to access job listings, internships, and coaching from day one. Employers gain real-time access to over 35,000 trained candidates, aiding in hiring efforts. The initiative aims to bridge the skills gap and streamline the employment process in the healthcare and IT sectors.
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