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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.
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.
Insight School of Kansas (ISKS) is set to start the 2021-2022 school year on August 25, offering tuition-free online education for grades 7-12. A recent survey by Stride, Inc. found that 91% of parents want multiple schooling options, with two-thirds considering online public schooling. ISKS offers personalized learning through state-licensed teachers, and students can participate in a Career Prep Program, potentially earning college credits.
Destinations Career Academy of Oregon, Cascade Virtual Academy, and Insight School of Oregon – Painted Hills have launched the 2021-2022 school year, offering full-time online education options. A survey indicates 91% of parents value multiple schooling options post-pandemic, with nearly two-thirds considering online schooling. Stride K12-powered schools reported lower learning loss rates compared to national studies. Students can earn college credits, and ORDCA offers a Career Prep Program for high school students. Enrollment for the current school year is still open.
iQ Academy of California – Los Angeles (IQLA) has commenced the 2021-2022 school year, providing personalized virtual education options for K-12 students across five counties. A Stride, Inc. survey reveals that 91% of parents prioritize diverse school options, with nearly two-thirds favoring full-time online schooling following pandemic experiences. IQLA boasts licensed teachers and a robust curriculum, reporting lower learning loss rates compared to national trends. High school students can also participate in the Career Prep Program, earning certifications and college credits.
Destinations Career Academy of Colorado (CODCA) begins the 2021-2022 school year, offering a full-time online public school for grades 6-12. CODCA aims to assist students in achieving academic goals and career readiness through programs such as the Career Prep Program. The school is tuition-free and part of the Colorado public school system. Following the pandemic, many parents now prefer online education, with 91% favoring multiple school options. CODCA continues to accept enrollments for the new school year, providing a flexible and supportive learning environment.
Kansas Virtual Academy (KSVA) is set to commence the 2021-2022 school year on August 25, 2021, offering a full-time, tuition-free online education. A recent survey by Stride, Inc. indicates that 91% of parents value multiple schooling options, with two-thirds considering full-time online education. KSVA, powered by Stride K12, provides individualized learning, reporting lower learning loss rates compared to national trends during the pandemic. KSVA caters to students from kindergarten to sixth grade and is a part of the Kansas public school system.
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