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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.
Colorado Preparatory Academy (CPA) is now accepting enrollment applications for the 2021-2022 school year, offering tuition-free education for students in kindergarten through 12th grade across Colorado. CPA specializes in advanced learners, combining online instruction with state-licensed teacher support.
Students can take core subjects and Advanced Placement courses, alongside tuition-free college courses through partnerships with community colleges and Colorado State University Global. For enrollment details, visit cpa.k12.com.
Digital Academy of Florida (DAOF), a tuition-free online public school and part of the Hendry County School District, is now accepting enrollment applications for the 2021-2022 school year. DAOF offers hands-on learning in growing fields such as information technology and digital design while providing a robust academic curriculum in core subjects. The school aims to support students' success in various career paths, higher education, or military service. With over 70% of parents favoring online education post-pandemic, DAOF positions itself as an alternative to traditional schooling.
Minnesota Virtual Academy (MNVA), a free online public school program of Houston Public Schools, is now accepting enrollment for the 2021-2022 academic year. The platform offers personalized learning through innovative technology and interactive curricula, catering to various student needs.
Students can earn college credits and prepare for industry certification exams, with access to live virtual classes and a diverse course load. MNVA aims to provide a consistent, quality educational experience in a safe, bullying-free environment.
Texas Online Preparatory School (TOPS) is now enrolling students for the 2021-2022 school year, offering an online and blended curriculum for grades 3-12 focused on college preparation. TOPS features innovative technology and live virtual classes led by dedicated teachers.
Newly introduced Stride Career Prep programs for grades 9-12 enable students to explore various career fields and earn college credits. Enrollment requires meeting specific academic standards, ensuring students are on track for high school graduation.
TOPS is a tuition-free public school facilitated by a partnership between Huntsville Independent School District and K12, a Stride company.
Wyoming Virtual Academy (WYVA), a free online public school, is now accepting enrollments for the 2021-2022 school year, providing personalized learning for K-12 students across Wyoming. With over 10 years of experience, WYVA combines innovative technology and a rigorous curriculum, led by state-certified teachers. High school students can participate in Stride Career Prep for career readiness. WYVA offers students a safe educational environment with various course offerings to support college and career goals. For more details, visit wyva.k12.com.
Missouri Virtual Academy (MOVA) is now enrolling students for the 2021-2022 school year, offering a full-time online education for K-12 students across Missouri. With certified teachers and a diverse curriculum, MOVA aims to adapt to individual learning styles. High school students can also engage in the Stride Career Prep program, providing practical experience in various fields. MOVA ensures that students remain connected to their local districts and are eligible for extracurricular activities. More details are available on mova.k12.com.
Oklahoma Virtual Charter Academy (OVCA) is now enrolling students for the 2021-2022 academic year. As a tuition-free public charter school in Oklahoma, OVCA offers K-12 education with a focus on personalized learning. The school's online platform provides access to core subjects and electives, taught by state-certified teachers. OVCA emphasizes a bullying-free environment and supports families through its Community Family Advisor program. The academy is part of the Oklahoma public school system and utilizes curriculum resources from K12, a Stride company (NYSE: LRN).
Kansas Virtual Academy (KSVA), part of the Spring Hill Unified School District No. 230, is now accepting enrollments for the 2021-2022 academic year, catering to students in kindergarten through sixth grade across Kansas. The program is tuition-free and provides an online learning experience featuring live classes taught by state-certified teachers. KSVA emphasizes a quality education designed to prepare students for future college and career success, offering core subjects and extracurricular activities to enhance community engagement.
The Cyber Academy of South Carolina (CASC) is now accepting enrollment applications for the 2021-2022 academic year, providing tuition-free education for grades K-12. This online school offers a comprehensive curriculum, live virtual classes led by state-licensed teachers, and a career learning program that links academics with practical experience in fields like IT and business. CASC aims to create a safe learning environment for diverse student needs, backed by a strong parental sentiment—over 70% of U.S. parents advocate for continued online education options post-pandemic.
Alabama Virtual Academy at Eufaula City (ALVA) is now accepting enrollment applications for the 2021-2022 academic year. ALVA provides a tuition-free education for students in grades K-12, combining online learning with a rigorous curriculum and the support of state-licensed teachers. During a time when over 70% of U.S. parents favor online education as an ongoing option, ALVA emphasizes personalized learning. Students engage in core subjects and have access to various resources for online learning support.
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