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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.
Miami Virtual Program, Arizona (MVPAZ) is now enrolling students in grades K-10 for the 2021-2022 school year. MVPAZ provides a safe, tuition-free online alternative educational option in Arizona, authorized by the Miami, Arizona Unified School District. The program focuses on personalized learning and offers a supportive environment, catering to students’ diverse needs, including those seeking advanced learning or recovering academically. Families can attend online information sessions for details on enrollment and upcoming events.
Agora Cyber Charter School is now enrolling for the 2021-2022 academic year, offering online education for Pennsylvania students from kindergarten to 12th grade. Established in 2005, Agora emphasizes a student-centered learning approach, supported by PA-certified teachers and family coaches. The school features a variety of classes, including Advance Placement and Honors courses, as well as extracurricular activities. Agora’s synchronous learning model allows students to participate in live classes, ensuring consistency in education, particularly in light of the pandemic.
Ohio Digital Learning School (ODLS) begins enrollment for the 2021-2022 academic year on February 25 for students in grades 9-12 aged 16-21. The state-authorized online public school offers tuition-free education and is well-regarded for its personalized learning environment. With a curriculum designed for students seeking alternative educational pathways, ODLS utilizes advanced technology to provide a consistent and supportive academic experience. Interested families can find more information and attend online information sessions through the school's website.
Hoosier Academies and Insight School of Indiana are now accepting enrollments for the 2021-2022 school year, starting February 25. Both schools offer tuition-free, online education for students in Indiana, providing a personalized learning experience and support from state-licensed teachers. Hoosier serves grades K-8, while ISIN caters to grades 7-12, addressing various educational needs.
Parents can find more information and enrollment details on their websites. These schools are accredited by Ball State University and utilize resources from Stride, a company that enhances educational experiences.
Indiana Gateway Digital Academy (INGDA) is welcoming K-12 students to enroll for the 2021-2022 school year starting February 25. As a tuition-free online public school in Indiana, INGDA offers a personalized learning experience with state-licensed teachers. The school emphasizes the importance of consistent education during the pandemic, with a curriculum supported by advanced technology. Parents have expressed satisfaction with the academy's resources and support, contributing to a conducive learning environment. More details and enrollment information are available on ingda.k12.com.
MedCerts partners with Equus Workforce Solutions to enhance training for healthcare and IT apprentices. Since 2009, MedCerts has helped over 25,000 individuals gain certifications. This collaboration aims to enroll 60 career seekers into registered apprenticeship programs by September, focusing on high-demand occupations across various states including Louisiana and Texas. The partnership leverages Equus's employer connections to facilitate internships and job placements, strengthening workforce development in critical industries.
The Iowa Virtual Academy (IAVA) is now accepting enrollment applications for the 2021-2022 school year, offering a tuition-free online education for students in grades K-12. IAVA provides an alternative to traditional schooling with a personalized curriculum and state-licensed teachers. Students can engage in core subjects and electives while enjoying a supportive learning environment. The open enrollment deadline is March 1, 2021, with additional resources available for families. IAVA operates under the Clayton Ridge Community School District and utilizes a curriculum provided by K12, a Stride company (NYSE: LRN).
Stride, Inc. (NYSE: LRN) has appointed Dr. Jodi Marshall as Senior Vice President of K12 Learning Solutions to enhance online education partnerships amid rising demand. With over 20 years of experience, including leading Florida Virtual School with $220 million in revenues, Marshall aims to improve academic outcomes and student engagement. Recent surveys show over 70% of parents support continuing online education post-pandemic. This strategic move reflects Stride's commitment to providing innovative, tech-enabled education solutions to meet evolving educational needs.
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