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) delivers innovative education solutions through institutions like Strayer University and Capella University, serving working adults and non-traditional learners worldwide. This news hub provides investors and stakeholders with essential updates about the company’s strategic initiatives and market position.
Access official press releases covering quarterly earnings, academic partnerships, program expansions, and technological advancements in online education. Our curated collection helps track developments in workforce training, accreditation milestones, and international growth across Australia and New Zealand markets.
Discover updates on initiatives addressing college affordability, career-aligned curriculum developments, and collaborations with industry leaders. The repository includes details on executive appointments, regulatory compliance updates, and innovations in educational technology supporting student success.
Bookmark this page for streamlined access to Strategic Education Inc.’s latest announcements. Verify time-sensitive decisions with primary source materials while gaining insights into the company’s role in shaping accessible, career-focused higher education.
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.
Strategic Education, Inc. (NASDAQ: STRA) announced the publication of its 2022 Annual Report and Letter to Shareholders, now accessible on their website. The company is preparing for its 2023 Annual Meeting of Stockholders to be held on April 26, 2023, at 8:00 a.m. ET. Stockholders of record as of February 28, 2023, are entitled to vote. Strategic Education focuses on advancing economic mobility through education, serving working adult students globally with accredited programs via Strayer University and Capella University, among others. Detailed annual report and meeting information are available on their Investor Relations page.
Strategic Education reported its financial results for Q4 and full-year 2022, highlighting a revenue decline of 0.8% in Q4 to $269.9 million and a 5.9% decrease for the year to $1,065.5 million. Net income fell to $18.3 million in Q4 and $46.7 million for the year, with diluted earnings per share decreasing to $0.77 and $1.94, respectively. The U.S. Higher Education segment saw student enrollment drop by 0.8% in Q4 and 6.5% annually. In contrast, the Education Technology Services segment experienced a revenue surge of 20.4% to $16.7 million in Q4, driven by increased subscriptions. A regular cash dividend of $0.60 per share was declared, payable on March 13, 2023.
