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.
Missouri Virtual Academy (MOVA), part of the Grandview R-2 School District, starts the 2021-2022 school year on August 24, 2021, offering a full-time, tuition-free online education option. A survey revealed that 91% of parents value multiple schooling options, with many considering full-time online education after their pandemic experiences. MOVA, staffed by certified teachers, reported lower learning loss than national averages and offers high school students access to a Career Prep Program and college credit opportunities. Enrollments for the new school year are open.
California Virtual Academies (CAVA) is set to begin the 2021-2022 school year on August 23, offering customized education for K-12 students. CAVA's teachers focus on individual learning, combating learning loss reported during the pandemic. In a recent survey, 91% of parents expressed the importance of school choices, highlighting CAVA’s role in providing versatile educational options. Enrollments are still open for families seeking this online public charter school experience, which is tuition-free. CAVA operates nine independent schools, leveraging curriculum from K12, a Stride Company (NYSE: LRN).
Ohio Virtual Academy (OHVA) is set to commence the 2021-2022 school year on August 23. As a full-time online public charter school, OHVA offers an individualized learning approach, addressing the challenges posed by the COVID-19 pandemic. The school has reported lower learning loss compared to national trends. A Stride survey indicates that 91% of parents value multiple schooling options, while nearly two-thirds would consider full-time online education post-pandemic. OHVA also provides career preparation programs and the opportunity for high school students to earn college credits.
Stride, Inc. (NYSE: LRN) has announced that CEO James Rhyu will participate in a virtual fireside chat at the BMO 2021 Technology Summit on August 25, 2021, starting at 1:00 p.m. Eastern Time. The event will include a live webcast accessible here. Additionally, Stride management will hold one-on-one meetings with institutional investors throughout the day.
Insight Schools of California (ISCA) is set to begin the 2021-2022 school year on August 23, providing online education for grades 9-12. The accredited school offers a personalized learning approach and reported lower learning loss rates compared to national averages during the pandemic. A Stride, Inc. survey reveals that 91% of parents value multiple school options, with many considering full-time online programs. ISCA continues to accept enrollments, focusing on students needing support to graduate.
Utah Virtual Academy (UTVA), an online public school for grades K-12, begins the 2021-2022 school year on August 18. Head of School Meghan Merideth emphasizes the academy's role in providing stability and maximizing educational outcomes post-pandemic. UTVA offers a Career Prep Program and a Cloud Computing pathway, enabling students to explore various career options and earn college credits while in high school. A Stride, Inc. survey indicates 91% of parents value multiple educational options, highlighting a growing preference for online learning.
Arkansas Virtual Academy (ARVA) is set to begin the 2021-2022 school year on August 18, providing K-12 students in Arkansas with a full-time online education option. A survey by Stride, Inc. indicates that 91% of parents value multiple school options, with many considering full-time online schooling after the pandemic. ARVA, powered by Stride K12, has reported lower learning losses compared to national averages during the pandemic, with some students achieving learning gains. Enrollments are still open for families interested in the program.
Chamberlain University and Stride, Inc. have partnered to create a unique program that guides high school students toward nursing careers. The initiative responds to the projected shortage of 500,000 nurses in the U.S. by 2030 and aims to diversify the nursing workforce. Stride’s Career Prep programs will offer relevant coursework, professional development, and job shadowing opportunities, while also enabling students to earn college credits. This collaboration emphasizes access to high-quality educational pathways in healthcare, supporting long-term workforce needs.
Cyber Academy of South Carolina (CASC) is set to start the 2021-2022 school year on August 18, offering a tuition-free online learning option for students statewide. A recent survey by Stride, Inc. indicates 91% of parents value multiple schooling options, with many favoring full-time online education post-pandemic. CASC, endorsed by The Charter Institute at Erskine, aims to combat the learning loss experienced during COVID-19, reporting better outcomes than national trends. High school students can participate in the Career Prep Program, earning college credits to reduce future tuition costs.
Destinations Career Academy of New Mexico (NMDCA) is set to commence the 2021-2022 school year, starting August 16. NMDCA provides a full-time online education for K-12 students, allowing for flexibility and advanced learning opportunities. High school students can engage in the Career Prep Program to earn college credits, potentially saving on tuition costs. A Stride, Inc. survey indicates 91% of parents value diverse educational options, with many considering full-time online programs after the pandemic. Enrollment for the new school year is still open.
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?
