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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.
Insight School of Washington (ISWA) commences the 2021-2022 school year with full K-12 online education options, as of September 1. A survey by
Stride, Inc. (NYSE: LRN) is providing students in Louisiana and Mississippi free access to its online private school, K12 Private Academy, following Hurricane Ida's destruction. This initiative aims to ensure educational continuity amid school closures due to widespread damage and power outages. With this accredited program, students can earn a U.S. diploma recognized globally. K12 Private Academy's flexible enrollment allows families to sign up until October 20, maintaining access to quality education delivered by state-credentialed teachers.
Washington Virtual Academies (WAVA) launches its 2021-2022 academic year on Sep. 1, 2021, offering a full-time online education tailored for K-12 students. Head of School Summer Shelton emphasizes their commitment to providing personalized learning experiences. A recent survey indicates that 91% of parents value multiple educational options, with many considering full-time online schooling post-pandemic. WAVA combines innovative technology with a rigorous curriculum, promoting socialization through various activities. Enrollment is still open for families interested in this tuition-free educational alternative.
Wisconsin Virtual Academy, Destinations Career Academy, and Insight School of Wisconsin are set to begin the 2021-2022 school year on September 1, 2021, providing students with personalized virtual education options. A survey by Stride, Inc. revealed that 91% of parents prioritize multiple schooling options, reflecting a shift towards online education. These schools, serving over 4100 students, reported lower learning loss compared to national trends. They offer programs including Career Prep for high schoolers, enabling them to earn recognized credentials and college credits.
Highpoint Virtual Academy of Michigan (HVAM) is set to commence the 2021-2022 school year, offering a tuition-free online education for Michigan students starting September 1, 2021. Despite ongoing pandemic challenges, HVAM aims to provide a robust online learning experience. A Stride, Inc. survey reveals that 91% of parents support multiple school options, with many leaning towards full-time online education post-pandemic. HVAM, backed by Michigan-certified teachers, boasts lower learning loss rates compared to national averages and offers an Early Middle College program for advanced academic opportunities.
Stride, Inc. (NYSE: LRN) announces the launch of the 2021-2022 school year for its online public schools, Pikes Peak Online School (PPOS) and Colorado Preparatory Academy (CPA), catering to students statewide. According to a Stride survey, 91% of parents support multiple school options, with many considering full-time online education. While addressing learning loss experienced during the pandemic, Stride schools report lower rates of decline. Both PPOS and CPA offer opportunities for high school students to earn college credits, with various supportive programs enhancing academic growth.
Michigan Great Lakes Virtual Academy (MGLVA) is set to commence the 2021-2022 school year on August 31, 2021. The school offers a full-time, tuition-free online education option for students statewide, aiming to address learning challenges exacerbated by the pandemic. A recent Stride survey highlights that 91% of parents favor multiple schooling options, with many open to full-time online education. MGLVA is staffed by licensed teachers and provides a personalized curriculum. It also offers a Career Prep Program for high school students, allowing them to earn college credits and explore careers.
Maine Virtual Academy (MEVA) is set to begin the 2021-2022 school year on August 30, focusing on providing flexible online education for grades 7-11. According to a Stride, Inc. survey, 91% of parents believe multiple school options are essential, with nearly two-thirds considering full-time online school post-pandemic. MEVA offers a safe, individualized learning environment that allows students to pursue academic goals while accommodating personal needs. Enrollment for the new school year is still open.
Survey Results on Gen Z and COVID-19 Safety: A recent survey by Tallo shows that Gen Z prioritizes COVID-19 safety measures for their college experience. Key findings include that 68% of respondents are vaccinated, with an additional 11% planning to get vaccinated. 61% feel optimistic about returning to campus, while 13% are anxious. The survey indicates strong support for mask mandates, with 75% willing to attend colleges that enforce them. Overall, Gen Z shows a clear expectation for safety precautions in educational settings.
Insight Pennsylvania Cyber Charter School, an online public school, is set to start the 2021-2022 school year on August 30. The school offers a personalized learning approach to help students achieve their academic potential. Despite nationwide learning losses due to COVID-19, Insight PA reported lower learning loss rates than national averages. A Stride survey found that 91% of parents value multiple school options, with many considering full-time online education. Insight PA remains open for enrollments for the new academic year.
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