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Stride Inc. (LRN), a leader in tech-enabled K-12 and career education, provides innovative learning solutions through virtual schools and alternative programs. This page aggregates official company announcements, financial updates, and strategic developments for investors and stakeholders.
Access real-time press releases, earnings reports, and analyses covering Stride’s operational milestones, partnerships, and educational initiatives. Track updates on managed public school programs, curriculum innovations, and regulatory developments shaping the EdTech sector.
Key updates include quarterly earnings, acquisitions, leadership changes, and advancements in digital learning platforms. This resource ensures stakeholders stay informed about Stride’s market position, financial health, and contributions to modern education.
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Tallo, a leader in virtual workforce talent development, has partnered with jobZology to enhance its platform. The collaboration integrates jobZology's career assessment tools into Tallo's system, utilizing predictive science and real-time data analytics to connect users with suitable job opportunities. With over one million users, Tallo aims to provide valuable insights into career paths, ensuring a better fit between individuals and their chosen careers. This partnership is particularly relevant as students reassess educational choices influenced by the COVID-19 pandemic.
K12 Inc. (NYSE: LRN) reported a robust performance for the first fiscal quarter of 2021, revealing revenues of $371 million, a 44.3% increase from the previous year. The company turned a net income of $12.7 million, compared to a net loss of $9.7 million in Q1 2020. Cash and cash equivalents reached $308.8 million, significantly up from $165.9 million a year earlier, partly due to a convertible debt offering. Enrollment grew 57.1% across its education segments, while adjusted EBITDA soared by 1096.2% to $39.2 million.
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.
