Welcome to our dedicated page for Stride news (Ticker: LRN), a resource for investors and traders seeking the latest updates and insights on Stride stock.
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.
In a recent Tallo survey of over 5,000 Gen Z respondents, one-third reported avoiding job applications due to fears of discrimination based on their gender, ethnicity, or race. Similarly, 25% refrained from applying to colleges for the same reasons. The survey revealed that 69% of Gen Z would prefer jobs with diverse recruiting practices. Additionally, 88% believe employers should inquire about candidates' preferred pronouns. The results indicate a strong demand for diversity and inclusion strategies among employers, especially in the wake of COVID-19 and broader social issues.
K12 Inc. (NYSE: LRN) announced that over 150 new schools and districts have adopted its K12 Learning Solutions, introducing more than 24,000 students to online classrooms. The company continues to support educational institutions in overcoming challenges posed by the COVID-19 pandemic, providing customizable online and blended learning options. Recent surveys indicate a strong parental preference for online education, with 85% agreeing schools should be prepared for potential closures and 71% supporting ongoing online options post-pandemic. K12 aims to enhance educational accessibility across the U.S.
K12 Inc. (NYSE: LRN) will discuss its first quarter fiscal year 2021 financial results on a conference call on October 26, 2020, at 5:00 p.m. ET. Investors can join the call by dialing (833) 900-1536 domestically or (236) 712-2276 internationally. A live webcast will also be available. The replay of the call will be accessible from October 26, 8:00 p.m. ET through November 26, 2020. K12 Inc. provides innovative online education solutions and career readiness programs, serving students across all 50 states and over 100 countries.
The Arkansas Department of Education announced the virtual Explore Success Southwest Arkansas Development Alliance (SADA) Career Day for students, leveraging the Nepris platform. The event aims to expose 8th graders to diverse career paths through 14 live sessions with industry experts, covering fields such as entomology, software engineering, and healthcare technology. Keynote speaker Paul Vitale and industry representatives will provide insights into educational requirements and daily responsibilities. Over 285 public schools in Arkansas will access this career exploration initiative, addressing the skills gap highlighted by recent studies.
K12 Inc. CEO Nate Davis has been awarded the 2020 Innovator of Color title by the ASU+GSV Summit for his commitment to education innovation. With over two decades in online education, K12 provides solutions that cater to diverse student needs. Davis's initiatives, including the We Stand Together program, focus on racial and socioeconomic equity. Under his leadership since 2009, K12 has also been involved in expanding educational pathways and increasing the representation of Black teachers. Davis will receive the award on October 1, 2020, during a virtual summit.
K12 Inc. (NYSE: LRN) promotes skills development through Galvanize by launching ten part-time Hack Reactor courses aimed at advancing careers in software engineering. This initiative addresses a significant skills gap in the industry, where 87% of employers report a need for reskilling, particularly in technical fields. The courses, starting November 2, offer practical learning without disrupting current employment, featuring topics like DevOps, Data Visualization, and Software Design. Galvanize aims to make skill advancement accessible and affordable for professionals.
Insight School of Washington (ISWA) is expanding its offerings by launching a new Middle School for grades 6-8, set to open on October 12. This decision comes amid increasing parent concerns over in-person schooling due to COVID-19. ISWA, a tuition-free online public school, aims to cater to families seeking flexible education options. With over 14 years of experience, ISWA utilizes a proven curriculum from K12 Inc. to support students in achieving their academic goals while ensuring a safe learning environment.
K12 Inc. (NYSE: LRN) has launched the We Stand Together Scholarship program aimed at enhancing educational opportunities for underserved students of color. This initiative will offer up to 60 students from kindergarten to 12th grade tuition-free enrollment at K12 Private Academy for the 2020-2021 academic year. Eligible applicants must identify as Black or African American, have a minimum 2.0 GPA, and demonstrate financial need. The application deadline is October 15, 2020. K12 aims to foster inclusivity and support students in achieving their educational goals.
College Nannies + Sitters + Tutors has partnered with K12 Inc. (NYSE: LRN) to offer a new service that addresses the challenges of online schooling as families begin the school year. This collaboration trains nannies as Learning Coaches to assist students with remote learning, allowing parents to focus on their work. College Nannies is the largest employer of childcare professionals in the U.S., providing 2.3 million hours of care in 2019. K12 has over 20 years of experience in online education, having served millions of students across the country.
FAQ
What is the current stock price of Stride (LRN)?
What is the market cap of Stride (LRN)?
What does Stride, Inc. do?
How does Stride, Inc. generate revenue?
What are the core business segments of Stride, Inc.?
What recent financial achievements has Stride, Inc. reported?
What types of educational programs does Stride offer?
Who develops Stride's curriculum?
How many schools and school districts does Stride serve?
What is the outlook for Stride, Inc. for the rest of the fiscal year?
How can investors get more information about Stride, Inc.?
What is Stride's approach to teaching and learning?
