Strategic Education, Inc. - STRA STOCK NEWS

Capella University is launching a Doctor of Business Administration (DBA) program in its FlexPath format, enhancing its online degree offerings for working adults. This new program allows students to complete their degrees at their own pace, a feature praised by university officials for accommodating busy professionals. The DBA program emphasizes technology-driven learning and requires a capstone project. Notably, Capella will implement a tuition cap for DBA students, ensuring affordability. The FlexPath format has already seen over 10,000 graduates, highlighting its effectiveness and demand.

Strategic Education (NASDAQ: STRA) reported Q1 2021 financial results, showing a 9.4% revenue increase to $290.3 million compared to Q1 2020. Adjusted revenue rose 9.5% to $290.5 million. However, income from operations declined to $12.0 million from $44.0 million, with adjusted income at $52.9 million. Net income was $9.6 million, down from $35.2 million in the prior year. The company declared a cash dividend of $0.60 per share, payable June 7, 2021. Student enrollment decreased 7.3%

Strategic Education, Inc. (NASDAQ: STRA) will host a conference call on April 29, 2021, at 10:00 a.m. ET to discuss its first quarter results. A news release with these results will be issued before market opening that day. Investors can dial (877) 303-9047 to join the call or access it via webcast on the company’s website. Additionally, the company will hold its 2021 Annual Meeting of Stockholders via webcast on April 27, 2021, at 8:00 a.m. ET, where stockholders of record as of March 1, 2021, are eligible to vote. More details are available in the Investor Relations section of their website.

Strategic Education, Inc. (NASDAQ: STRA) has published its 2020 Annual Report and Letter to Shareholders, now available on their website. The report highlights the company's focus on advancing economic mobility through higher education, serving adult students globally through various institutions like Strayer University and Capella University. Additionally, it covers the company's diverse offerings, including alternative learning and digital enablement partnerships in the U.S. and Australia/New Zealand.

Strategic Education reported its financial results for Q4 and full-year 2020. Revenue increased 1.4% to $267.5 million in Q4 and 3.1% to $1,027.7 million for the year. Adjusted revenue rose 5.7% to $278.8 million for Q4 and 4.2% to $1,038.9 million for the year. However, income from operations dropped significantly to $3.6 million in Q4 from $37.2 million in 2019, primarily due to various adjustments and expenses. The company declared a quarterly cash dividend of $0.60 per share, set to be paid on March 15, 2021.

Capella University has released a report titled "Unlocking the [Full] Potential of PLA," which recommends how institutions can effectively utilize prior learning assessment (PLA) to enhance student outcomes. The findings reveal that students earning PLA credits spend less on degrees, persist longer in programs, and accumulate credits faster. Despite these advantages, PLA remains underutilized. Capella emphasizes the importance of redesigning PLA in response to economic challenges, aiming to lower costs and completion times for adult learners.

Strategic Education, Inc. (NASDAQ: STRA) will host a webcast discussing its fourth quarter results on February 26, 2021, at 10:00 a.m. ET. A news release detailing these results will be issued before market open that day. Investors can join via the company's website or by dialing in at (877) 303-9047. Additionally, the company announced its 2021 Annual Meeting of Stockholders will occur via webcast on April 27, 2021, with record date set for March 1, 2021. Proxy materials will be filed with the SEC for eligible stockholders.

Capella University has announced the 2021 Capella Fellows Program, offering full-tuition scholarships for a master’s degree to selected community leaders in the Minneapolis-St. Paul area. The program aims to equip participants from various nonprofits with leadership skills to tackle social and economic inequalities. Starting in January, fellows will receive coaching and networking opportunities. The initiative is supported by local organizations and aims to strengthen community leadership, benefiting the Minneapolis region's future workforce.