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Fullstack Academy has launched a new data analytics bootcamp to address over 600,000 job openings within the U.S. The curriculum aims to equip students with skills in SQL, Python, and data visualization, enabling them to enter the workforce in as little as 10 weeks. The demand for data analysts is growing, with a projected 21.5% job growth rate in the field and an average entry-level salary nearing $75,000. Scholarships from $1,000 to full tuition are available, along with financing options. The bootcamp will also expand to various university partners.
Zovio (Nasdaq: ZVO) announced the appointment of two new board members, Dr. John S. Wilson and Mr. Ron Huberman, to enhance its leadership as it transitions to an education technology services company. Dr. Wilson, a former Morehouse College president, and Mr. Huberman, CEO of Benchmark Analytics, bring extensive experience in higher education, government policy, and business analytics. Their appointments aim to strengthen Zovio's commitment to diversity and enhance its strategic vision, especially in meeting the needs of nontraditional learners.
TutorMe, an online tutoring platform, has announced its integration with Clever, a leading single sign-on portal for K-12 schools. This partnership allows district and charter schools using Clever to provide their students with 24/7 access to TutorMe's services through streamlined sign-on. This integration comes as schools continue to adapt after the COVID-19 pandemic, highlighting TutorMe's commitment to enhancing educational support. With TutorMe, students can connect with qualified tutors quickly, helping to facilitate effective learning.
Zovio (Nasdaq: ZVO) has awarded a grant to the Center for the Future of Arizona (CFA) to support the Arizona Pathways to Prosperity initiative. This program aims to help students transition from high school to college and careers by providing career exploration and opportunities to earn college credits. Zovio's funding reinforces its commitment to economic development in Arizona, aligning with its Corporate Social Responsibility goals. Zovio's Chief External Affairs Officer will speak at CFA's upcoming event on March 25, discussing the future of work and learning.
Zovio, Inc. (Nasdaq: ZVO) has announced the mutual departure of its Founder and CEO, Andrew Clark, effective March 31, 2021. The Zovio Board recognized Clark's vision in founding the company and his leadership in the sale of Ashford University to the University of Arizona Global Campus. A search for a new CEO is underway, with the Office of the CEO temporarily led by George Pernsteiner, Chair of the Board. Zovio, now an Ed Tech Services company, aims to innovate and expand its educational solutions.
Zovio Inc (NASDAQ:ZVO) reported its fourth quarter and full year results for 2020, revealing a revenue of $93.1 million for Q4, down from $96.3 million in Q4 2019. For the full year, revenue was $397.1 million, a decline from $417.8 million in 2019. Despite a net loss of $57.2 million in Q4 and $49.0 million for the year, Zovio achieved non-GAAP operating income of $0.9 million in Q4, up from a loss of $4.4 million in Q4 2019. The company ended the year with $35.5 million in cash, down from $69.3 million in 2019, but improved cash flow from operations.
On February 22, 2021, Zovio (Nasdaq: ZVO) announced its partnership with the Arizona SciTech Festival for the second consecutive year, supporting over 200 online events running until February 28, 2021. This festival aims to promote STEM education and careers, which are projected to grow 23% nationwide. Zovio, a leading edtech employer in Arizona, promotes STEM engagement through initiatives like Fullstack Academy, which has helped over 3,500 graduates start their tech careers. The company's involvement highlights its commitment to fostering future STEM leaders.
Zovio (Nasdaq: ZVO) will announce its fourth quarter 2020 financial results after market close on February 24, 2021. A conference call for investors and analysts will take place at 5:00 p.m. ET to discuss these results. To participate, dial (877) 395-6119 in the U.S. or (647) 689-5537 internationally, using conference ID: 4834547. The call will also be available via live webcast on Zovio's website, showcasing the company's commitment to transparency and engagement with stakeholders.
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