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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.
Michigan Great Lakes Virtual Academy (MGLVA) invites enrollments for the 2021-2022 academic year. The academy offers a tuition-free, full-time online public school program for K-12 students in Michigan, authorized by Manistee Area Public Schools. MGLVA emphasizes personalized education and provides opportunities like the Stride Career Prep program, allowing students to explore careers in fields such as Business and Health Sciences. Families can find more information and event schedules by visiting mglva.k12.com.
Insight School of California (ISCA) is now open for enrollments for the 2021-2022 academic year for students in grades 9-12. ISCA offers a tuition-free, full-time online public-school program, providing personalized education led by state-licensed teachers. With a focus on alternative education, ISCA supports students needing flexibility in their learning environment. Parents are encouraged to attend online information sessions for more details on enrollment and upcoming events. ISCA utilizes K12, a Stride Company, to deliver its curriculum and educational tools.
Destinations Career Academy of Colorado (CODCA) is now accepting enrollments for the 2021-2022 school year, offering students in grades 6-12 an online education paired with hands-on learning experiences in various career fields, including healthcare and IT.
CODCA is tuition-free and provides core subjects along with Advanced Placement® courses taught by state-licensed teachers. The academy has received approvals for Career and Technical Education programs from the Colorado Community College System Board, enhancing its credibility.
Insight School of Minnesota (ISMN), a tuition-free online school for grades 6-12 under the Brooklyn Center Community School District, is now accepting enrollment applications for the 2021-2022 school year. ISMN offers a personalized learning experience with state-licensed teachers and interactive curriculums. The school also provides academic remediation programs for students behind on credits and career and college planning support. Parents can find more information and enrollment details at mn.insightschools.net.
Lonestar Online Academy at Roscoe (LSOA), part of the Roscoe Collegiate Independent School District, invites enrollments for the 2021-2022 school year for students in Pre-K to 6th grade in Texas. LSOA offers a tuition-free, personalized online education experience, guided by certified Texas teachers, aimed at supporting diverse student needs. The academy emphasizes a safe, bullying-free environment fostering academic goals at individual learning paces. For additional information, visit lsoa.k12.com.
The North Carolina Virtual Academy (NCVA) is now accepting enrollment applications for the 2021-2022 school year, providing a tuition-free education for students K-12 across the state. NCVA offers an alternative to traditional education with a robust online curriculum and support from licensed teachers. Over 70% of U.S. parents favor ongoing online education options post-pandemic. The application window closes on April 15, 2021, with a lottery for enrollment on April 23, 2021. Parents can learn more and enroll at ncva.k12.com.
Passport Academy Charter School (PACS) is now enrolling students for the 2021-2022 academic year. The tuition-free public high school caters to students aged 16-21 who face challenges in graduating. PACS offers a blended learning environment, allowing students to graduate with a diploma. With two school sessions available, additional self-paced learning contributes to their education. PACS emphasizes consistency in education and provides a supportive environment with world-class technology. Enrollments are open, and families can attend online information sessions for more details.
Highpoint Virtual Academy of Michigan (HVAM) is now accepting enrollments for the 2021-2022 school year, starting March 2. As a tuition-free online public-school, HVAM provides a personalized education experience for K-12 students. It is authorized by Mesick Consolidated Schools and is notable for offering Michigan's only Early Middle College Program, enabling high school students to earn college credits at no cost. HVAM emphasizes a bullying-free environment and tailored learning, supported by state-licensed teachers.
iQ Academy of California – Los Angeles (IQLA) is opening enrollment for the 2021-2022 academic year starting March 2. IQLA is a tuition-free, online public school option for students in grades K-12, offering personalized education and accredited programs. The school is designed to support different learning styles and provide a safe, bullying-free environment. Head of School Nick Stecken emphasizes the importance of consistency in education, especially post-pandemic.
More information and registration details are available on the IQLA website.
Pikes Peak Online School (PPOS) is accepting enrollment applications for the 2021-2022 school year, providing a tuition-free online public school option for students in grades 9-12. The school focuses on academic, emotional, and social support through innovative technology and a personalized curriculum. PPOS students have access to college courses at no cost via partnerships with over 20 community colleges. Graduates receive a high school diploma, and resources like GED prep and a Social and Emotional Learning program are available to support students.
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