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Zovio (Nasdaq: ZVO) announced it will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call for investors will follow at 5:00 p.m. ET to discuss these results. Participants can join by calling (877) 395-6119 in the U.S. or (647) 689-5537 internationally, using conference ID 9773625. Zovio aims to enhance learning experiences and outcomes in education technology, partnering with institutions and employers.
Fullstack Academy has partnered with Utah State University to launch new 26-week bootcamps in coding, cybersecurity, data analytics, and DevOps in Utah. These bootcamps aim to address the demand for skilled tech professionals, as the state is projected to see 6,375 new tech jobs this year, with a growth rate of 4.2%. Utah's tech sector is thriving with nearly 8,200 businesses and significant expansions from companies like Adobe and Facebook. The bootcamps will not require USU enrollment and scholarships will be available for specific groups.
Zovio (Nasdaq: ZVO), an education technology services company, announced that Executive Vice President of Operations Chris Spohn will join Thierry Wuilloud from Water Tower Research for a fireside chat on September 14, 2021, at 3 PM EDT. They will discuss the Zovio Growth Segment, which includes Fullstack Academy and TutorMe, focusing on customized educational solutions that support student achievement and institutional growth. Zovio aims to enhance the learning experience through data-driven services.
TutorMe, the online tutoring platform, has donated $100,000 worth of tutoring services to Racine Unified School District in Wisconsin. This initiative aims to provide students with free 24/7 access to live tutors in over 300 subjects, focusing on learning recovery post-pandemic. With a network of more than 15,000 tutors, TutorMe seeks to help students address learning gaps exacerbated by school closures. Racine Unified looks to integrate these services throughout the school day, further supporting students’ educational needs.
Zovio Inc (NASDAQ: ZVO) reported second quarter results on July 28, 2021, revealing a significant decline in revenue, with $69.2 million for Q2 2021 compared to $103.9 million in Q2 2020. The company experienced an operating loss of $4.5 million, contrasting with an operating income of $5.3 million the previous year. Net loss reached $4.0 million, down from a net income of $5.1 million. For the first half of 2021, revenue was $146.0 million, down from $201.8 million, and net loss totaled $13.5 million. The company had $24.0 million in cash as of June 30, 2021.
Fullstack Academy and Security Advisory Alliance have partnered to enhance cybersecurity education and increase entry-level talent in the U.S. This collaboration introduces the Fullstack Cyber Advisory Board to improve the cybersecurity curriculum, aligning with employer needs. There are currently over 464,000 open cybersecurity roles in the U.S., with nearly 200,000 being entry-level positions. Fullstack will offer annual scholarships for its Cyber Bootcamp, fostering networking and educational opportunities for aspiring cybersecurity professionals.
Fullstack Academy has partnered with the University of New Mexico (UNM) Continuing Education to launch immersive tech bootcamps including cybersecurity and DevOps programs, aimed at preparing individuals for in-demand roles in just 26 weeks. Projected job growth in these fields is 37% and 21% in New Mexico over the next decade. The initiative will support local businesses and provide scholarships for UNM stakeholders. Applications open in October, marking a significant step in enhancing the region's tech workforce.
Zovio (Nasdaq: ZVO) announced it will release its second quarter 2021 financial results on July 28, 2021, after market close. A conference call for investors will follow at 5:00 p.m. ET, providing insights into the financial performance and future outlook of the company. Interested participants can join the call by dialing (877) 395-6119 within the U.S. or (647) 689-5537 internationally, using access code 8439024. A live webcast will also be available on Zovio's website, enhancing accessibility to critical financial information.
Fullstack Academy has partnered with The University of Texas at Dallas to offer 26-week coding, cybersecurity, data analytics, and DevOps bootcamps. This initiative responds to a significant demand for tech professionals in Texas, where there was a 22% increase in available tech jobs from 2019 to 2020. Notably, over 8,700 entry-level tech positions remain unfilled statewide. The bootcamps, which require no prior enrollment at UT Dallas, will be offered online, making them accessible throughout Texas. Financial assistance options will be available for eligible participants.
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