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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.
Insight School of Oklahoma (ISOK), an online charter school for grades 6-12, is now accepting enrollment applications for the 2021-2022 school year. ISOK offers a personalized learning environment, combining online instruction with licensed teacher support. Students can earn a high school diploma and participate in programs like credit recovery. The school emphasizes individual learning pace and features a Social and Emotional Learning program to ensure student readiness for success after graduation. ISOK is tuition-free and authorized by the Statewide Virtual Charter School Board.
Insight School of Kansas (ISKS) is accepting enrollment applications for the 2021-2022 school year, offering tuition-free education for grades 7-12 and adult learners. The program focuses on personalized support through a robust online platform. Key features include the Stride Career Prep program, providing early exposure to various career fields, and the Adult Learner Program for adults seeking high school diplomas. The accredited school is part of the Spring Hill Unified School District, delivering quality education through state-certified teachers and interactive online classes.
iQ Academy Minnesota (iQMN) is now welcoming enrollments for the 2021-2022 school year, offering a tuition-free, accredited online education for K-12 students in Minnesota. The program emphasizes a personalized approach with an engaging curriculum that includes core subjects and electives. High school students can benefit from concurrent college enrollment opportunities through Minnesota's PESO program. iQMN aims to provide a safe and supportive online learning environment to meet diverse student needs.
Michigan Virtual Charter Academy (MVCA) is welcoming enrollments for the 2021-2022 school year starting March 2. MVCA offers a tuition-free, online education for K-12 students in Michigan, supported by state-licensed teachers and authorized by the Hazel Park School District. The school provides personalized learning pathways and encourages family engagement, ensuring a bullying-free environment. Interested families can find more information and attend online information sessions at mvca.k12.com
Alabama Destinations Career Academy (ALDCA) is now accepting enrollment applications for the 2021-2022 school year, offering a tuition-free online public school program for grades K-11 across Alabama. Focused on career learning, ALDCA provides education in fields like information technology and healthcare, aiming to equip students with essential skills for future workplace or academic endeavors. With more than 70% of U.S. parents supporting ongoing online education, ALDCA emphasizes educational continuity and personalized learning experiences via live classes taught by state-certified teachers.
Arkansas Virtual Academy (ARVA) is now accepting enrollment applications for the 2021-2022 school year. This tuition-free online public charter school serves students in grades K-12 across Arkansas. ARVA offers a diverse curriculum, live virtual classes taught by state-licensed teachers, and various electives. With over 70% of U.S. parents supporting online education post-pandemic, ARVA aims to provide a stable learning environment. The school caters to athletes, advanced learners, and those needing a bullying-free education. More details about enrollment and events are available at arva.k12.com.
Destinations Career Academy of Oregon (ORDCA) is now accepting enrollments for the 2021-2022 school year, offering a tuition-free online public education for students in grades 9-12. ORDCA provides personalized learning with state-licensed teachers and a rich curriculum tailored for students seeking alternative pathways. Participants can engage in the Stride Career Prep program, explore various career fields, and earn college credits while preparing for recognized certification exams. Families can find enrollment details and upcoming events at ordca.k12.com.
Virginia Virtual Academy (VAVA) is now accepting enrollment applications for the 2021-2022 school year, serving students from grades K-12 across Virginia. As a tuition-free public school program, VAVA offers an alternative to traditional schooling, providing a personalized online learning experience with state-licensed teachers. With more than 70% of U.S. parents supporting ongoing online education, VAVA facilitates interactive classes and communication to support diverse student needs. Families can attend online information sessions for enrollment details.
Arizona Virtual Academy (AZVA) and Insight School of Arizona (ISAZ) are enrolling students for the 2021-2022 academic year. These online public schools offer tuition-free education to Arizona residents, staffed with state-licensed teachers. AZVA serves K-12 students while ISAZ focuses on grades 7-12. Both schools provide personalized learning experiences and accredited programs. Students can participate in Stride Career Prep, earning college credits and preparing for certifications. Families can find more information and enroll via the schools' websites.
LAVCA, a public charter school in Louisiana, is now accepting enrollment applications for the 2021-2022 academic year, offering tuition-free education for students K-12. The school provides an alternative to traditional learning with a robust online curriculum and support from state-certified teachers. Recent surveys indicate that over 70% of U.S. parents favor ongoing online education post-pandemic. LAVCA features live classes, virtual clubs, and resources to ensure student engagement and support throughout the school year.
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