Welcome to our dedicated page for Strategic Education news (Ticker: STRA), a resource for investors and traders seeking the latest updates and insights on Strategic Education stock.
Strategic Education, Inc. (NASDAQ: STRA) is a leading education services company committed to fostering economic mobility through education. The company offers a wide range of innovative programs and services designed to help working adult students advance their careers and improve their lives. Key educational pathways include Strayer University, Capella University, Jack Welch Management Institute, Hackbright Academy, Devmountain, New York Code + Design Academy, Sophia Learning, Degrees@Work, and Generation Code.
Strategic Education, Inc. focuses on enhancing college affordability, student engagement, and workforce readiness, supporting the growing majority of non-traditional students. The objective is to equip these students with the skills necessary to excel in today's job market. The company operates through several wholly-owned subsidiaries including Strayer University and Capella University, both accredited in the U.S., and Torrens University in Australia.
Strategic Education, Inc. offers a variety of educational options, from campus-based to online post-secondary education. In addition, they provide job-ready skills training for high-demand markets. The company's operations are divided into three reportable segments: U.S. Higher Education, Australia/New Zealand, and Education Technology Services.
Recent achievements include the expansion of online learning platforms and partnerships with industry leaders to provide employees with affordable and relevant training, certificates, and degree programs. Strategic Education, Inc. remains dedicated to making quality education accessible and affordable, ensuring graduates are well-prepared for the workforce.
For the latest updates, news, and developments on Strategic Education, Inc., visit their official website and follow their press releases.
Strategic Education (NASDAQ: STRA) reported its financial results for Q1 2023, showing a 0.9% decline in revenue to $256.6 million compared to Q1 2022. The company experienced a net loss of $2.0 million, contrasting with a net income of $7.0 million in the previous year. Adjusted EBITDA also dropped to $27.2 million, down from $38.4 million in Q1 2022. Enrollment in the U.S. Higher Education sector rose by 2.3% to 79,935 students. The Education Technology Services segment saw revenue growth of 24.9% to $18.2 million, while the Australia/New Zealand segment faced challenges with a 6.3% decrease in enrollment and a 14.4% decline in revenue. Despite these challenges, the company declared a quarterly cash dividend of $0.60 per share.
Strategic Education, Inc. (NASDAQ: STRA) will host a conference call on April 27, 2023, at 10:00 a.m. ET to discuss its first quarter results, with a news release issued prior to market opening. The conference call will be accessible via webcast, and registration is recommended. Additionally, the company has scheduled its 2023 Investor and Analyst Day on November 7, 2023, at 8:00 a.m. ET in New York City. Registration details for the Investor and Analyst Day will be available by September 1, 2023.
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