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Stride, Inc. reports developments tied to its technology-based education business, including financial results, earnings calls, and enrollment activity for online public and private school programs. The company operates through K12, a portfolio brand that powers virtual public schools, accredited homeschool curriculum, personalized tutoring, and related learning options.
Recurring company updates include state-by-state enrollment openings for tuition-free virtual public schools, teacher-led online instruction, career and technical education pathways, academic support programs, and high school diploma options. News also covers revenue, operating income, adjusted measures, enrollment definitions, and fiscal-year outlooks for Stride’s education platform.
Tennessee Virtual Academy (TNVA) will commence the 2021-2022 school year on August 9, offering a full-time online education option for students in Tennessee. Amid the ongoing impact of the pandemic, a survey by Stride, Inc. revealed that 91% of parents value multiple school options, with nearly two-thirds considering full-time online education. TNVA, supported by state-licensed teachers, provides a personalized curriculum aimed at minimizing learning loss. The academy is part of Stride, Inc. (NYSE: LRN), which has reported lower learning loss than national averages, addressing a notable concern from the pandemic.
Palo Alto Unified School District has partnered with Stride, Inc. (NYSE: LRN) to offer an innovative online learning solution for students from transitional kindergarten through 12th grade amid ongoing COVID-19 challenges. This collaboration will deliver a customized curriculum and teacher-led instruction during the 2021-2022 school year. Stride will support Palo Alto by providing educational services and training for parents, ensuring equitable access through translation features in 65 languages. This initiative aims to meet diverse learning needs and set a model for other districts.
The recent survey by Stride, Inc. highlights that over 60% of parents are hesitant to send their children back to school due to COVID-19 concerns, particularly with the Delta variant causing 83% of new cases. Many parents express a desire for online learning alternatives to mitigate health risks. Stride's educational programs have reportedly outperformed the national trend of learning loss. The survey notes that 67% of parents fear their child could contract or spread COVID, with urban parents more likely to support online-only options.
Indiana Gateway Digital Academy (INGDA), part of Clarksville Community School Corporation, begins its 2021-2022 school year offering a tuition-free online program for K-11 students in Indiana. With 91% of parents supporting diverse education options, INGDA emphasizes a personalized learning approach amidst a national trend of learning loss during the pandemic. Stride K12-powered schools, including INGDA, report lower learning loss rates. High school students can enroll in Career Prep Programs, earning certifications and college credits, while the academy remains open for new enrollments this year.
Indiana Digital Alternative School (INDA) is set to commence the 2021-2022 academic year for grades 9-12, offering a tuition-free online education. Staffed by licensed teachers, INDA aims to support students' academic recovery post-COVID, reporting lower learning loss than national averages. The school provides a Career Prep Program for students to explore various fields and earn college credits. A recent survey shows 91% of parents desire multiple school choices, affirming INDA's initiative to empower students regardless of their backgrounds. Enrollment remains open for the current school year.
Arizona Virtual Academy (AZVA) and Insight School of Arizona (ISAZ) are set to begin the 2021-2022 school year on August 4, offering full-time online education to Arizona students. A survey by Stride, Inc. indicates that 91% of parents value multiple schooling options, with nearly two-thirds considering full-time online education. Both schools reported lower learning loss rates compared to national averages during the pandemic. Additionally, ISAZ provides high school students with opportunities to earn college credits and participate in career prep programs.
Indiana Digital Learning School (INDLS) is set to commence the 2021-2022 school year on August 4, offering K-12 students a tailored, tuition-free education. INDLS, powered by Stride K12, aims to counter the 'COVID slide' with a rich curriculum and experienced teachers. Students can benefit from the Career Prep Program, which includes classes in various fields. A survey indicated that 91% of parents value school choice, highlighting the importance of individualized education. Enrollment is ongoing, and families can find more information at indls.k12.com.
Miami Virtual Program, Arizona (MVPAZ) is set to commence the 2021-2022 school year on August 3, providing full-time online education for grades 8-11. Head of school Bouchra Bouanani emphasizes the program's role in supporting students' growth. MVPAZ offers an array of opportunities, including a Career Prep Program that aligns with various career fields and the chance for students to earn college credits. A recent survey by Stride shows that 91% of parents support multiple schooling options, highlighting the increasing demand for online education following the pandemic.
Stride, Inc. (NYSE: LRN) has announced the inaugural recipients of the We Stand Together College Scholarship, awarding up to $250,000 to support higher education for 22 students across 10 states. Notably, two recipients will receive $25,000 each to attend Historically Black Colleges and Universities. This scholarship program is part of Stride's larger $10 million initiative aimed at enhancing educational access for underserved learners. Selection criteria included academic achievement and financial need.
Stride, Inc. (NYSE: LRN) will discuss its fourth quarter and full fiscal year 2021 financial results in a conference call on August 10, 2021, at 5:00 p.m. ET. Investors can access the live call by dialing (833) 900-1536 (domestic) or (236) 712-2276 (international) starting at 4:45 p.m. The conference ID is 4979044. A replay will be available after the call and a webcast replay will be accessible for 30 days. The company offers innovative education solutions for K-12 and adult learners across 50 states and over 100 countries.