Welcome to our dedicated page for Nerdy news (Ticker: NRDY), a resource for investors and traders seeking the latest updates and insights on Nerdy stock.
Nerdy Inc. (NYSE: NRDY) is a pioneering platform for live online learning, dedicated to transforming education through technology. The company leverages its purpose-built proprietary platform, incorporating advanced technologies such as AI, to connect learners of all ages with expert educators. This innovative approach delivers exceptional value to both learners and educators by facilitating a seamless exchange of knowledge and skills.
Nerdy offers a comprehensive learning destination that spans over 3,000 subjects, providing a variety of learning formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study modules. This flexibility ensures that learners can find the best method that suits their individual needs.
The company’s flagship business, Varsity Tutors, stands as one of the nation’s largest platforms for live online tutoring and classes. Varsity Tutors serves a wide audience, offering its high-quality educational solutions directly to students and consumers, as well as through partnerships with schools and other institutions.
Recent achievements include the expansion of their service offerings and the continuous enhancement of their AI-driven platform to improve learning outcomes. Financially, Nerdy Inc. has shown a robust performance with a focus on sustainable growth and strategic partnerships to broaden its reach and impact.
Latest News
- Source: Varsity Tutors
- Source: Nerdy Inc.
- Source: Varsity Tutors for Schools
Nerdy (NYSE: NRDY) has received a notice from the NYSE on November 12, 2024, indicating non-compliance with listing criteria due to its Class A Common Stock average closing price falling below $1.00 over 30 consecutive trading days. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and maintaining that average over 30 trading days. Nerdy is considering various options, including a potential reverse stock split requiring stockholder approval. The company reports $65.0 million in cash and no debt, maintaining normal business operations and SEC reporting requirements while remaining listed on NYSE during this period.
Nerdy (NYSE: NRDY) reported Q3 2024 revenue of $37.5 million, near the top of guidance but down 7% year-over-year. Learning Memberships generated $31.4 million (84% of total revenue) with 39.7K Active Members. The company reported a non-GAAP adjusted EBITDA loss of $14.0 million, better than guided negative $17-19 million. Institutional segment delivered $5.4 million revenue with 117 contracts worth $8.5 million in bookings. Gross margin decreased to 70.5% from 72.4% year-over-year. The company maintains strong liquidity with $65.0 million cash and no debt.
Forest Charter School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with comprehensive tutoring resources. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study tools. Features include adaptive assessments, personalized learning plans, and college readiness resources. The platform, currently used by over 500 school districts nationwide, aims to supplement classroom learning and close learning gaps. Forest Charter students can access these services through the school's website.
Nerdy (NYSE: NRDY), a platform for live online learning, has scheduled its third quarter 2024 financial results announcement for November 7, 2024, after market close. The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. U.S. participants can dial 1-833-470-1428, while international callers can use 1-404-975-4839 (Access Code: 292021). A webcast replay will be available for one year on Nerdy's investor relations website, and a phone replay will be accessible until November 14, 2024.
Harbor Science and Arts Charter School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with free access to comprehensive tutoring resources until June 2030. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, and self-study resources. Features include celebrity-led StarCourse classes, college readiness resources, and adaptive assessments. According to Assistant Principal Joseph Pierce, the platform serves as a valuable resource when direct teacher assistance isn't available. The service is currently used by over 500 school districts nationwide to supplement classroom learning and address learning gaps.
Northpoint Charter School has announced a partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all students with free access to their comprehensive learning platform until June 30, 2030. The platform offers various resources including:
- 24/7 On-Demand Chat Tutoring
- On-Demand Essay Review
- Live Enrichment and Remediation Classes
- SAT and ACT Test Prep Classes
- Self Study Resources
- College & Career Readiness Resources
- Adaptive Assessments & Personalized Learning Plans
This partnership aims to support off-campus learning and close learning gaps. Over 500 school districts across the country already utilize this platform. Northpoint families can access it through the school's website.
Harding Charter Preparatory School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to their comprehensive learning platform until June 30, 2030. The platform offers various resources including:
- 24/7 On-Demand Chat Tutoring
- On-Demand Essay Review
- Live Enrichment and Remediation Classes
- SAT and ACT Test Prep Classes
- Self Study Resources
- College & Career Readiness Resources
- Adaptive Assessments & Personalized Learning Plans
Superintendent Steven Stefanick encourages students to utilize these resources, especially when they need assistance outside of teacher availability. The platform is designed to supplement classroom learning and close learning gaps, with over 500 school districts already using it nationwide.
Digital Ready has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to their online tutoring platform for students. This collaboration aims to support students' college and career goals by offering 24/7 on-demand academic support for the entire school year.
The Varsity Tutors platform includes features such as:
- 24/7 On-Demand Chat Tutoring
- On-Demand Essay Review
- Live Enrichment and Remediation Classes
- SAT and ACT Test Prep Classes
- Self Study Resources
- College & Career Readiness Resources
- Adaptive Assessments & Personalized Learning Plans
Over 500 school districts across the country already use this platform to supplement classroom learning and close learning gaps. The partnership aims to deepen students' understanding of critical academic content, particularly in STEM fields.
Mid-America Technology Center (MATC) has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive learning platform for all district students until June 30, 2030. The platform offers various resources including:
- 24/7 on-demand chat tutoring
- Essay review
- Live enrichment and remediation classes
- SAT and ACT test prep
- Self-study resources
- College & career readiness tools
- Adaptive assessments
This partnership aims to supplement classroom learning and close learning gaps. Over 500 school districts across the country already utilize this platform. MATC families can access it through the district website: https://www.matech.edu.
North Hills School District has announced a partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to a comprehensive learning platform until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and self-study tools. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. The partnership aims to support classroom instruction and provide additional academic resources for students, educators, and parents.
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