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.
Florida Cyber Charter Academy (FLCCA) will hold a virtual graduation for over 165 students on June 4, 2021, marking its largest class to date. Guest speakers include notable figures from the education sector. Graduates have plans to enlist in the U.S. military and have been accepted into prestigious colleges such as New York University and Full Sail University. FLCCA emphasizes a rigorous online curriculum tailored to diverse student needs, preparing them for future success.
South Carolina Virtual Charter School (SCVCS) will host its graduation ceremony for the Class of 2021 on June 3, 2021, at Segra Park, celebrating over 380 graduates, the largest cohort since its inception. Honorable Molly Spearman, South Carolina's Superintendent of Education, will deliver the commencement address. SCVCS offers an online public charter school experience, serving students K-12 with a curriculum in core subjects and dual credit courses. The school operates under Stride, Inc. (NYSE: LRN), providing tuition-free education.
The Pikes Peak Online School (PPOS) and Colorado Preparatory Academy (CPA) celebrated their graduates with an online commencement ceremony on May 28, 2021. PPOS graduated 200 students, and CPA graduated over 140 students. A safe, socially distant in-person ceremony was held, allowing individual recognition for each graduate. Graduating students have been accepted to various colleges, including Colorado State and the University of Northern Colorado. The ceremony emphasized the resilience of these online schools during the pandemic, as they maintained continuous instruction throughout the school year.
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?
