Zovio Updates Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

Rhea-AI Summary

Zovio (Nasdaq: ZVO) announced a delay in releasing its fourth quarter and full year 2021 financial results, originally scheduled for March 29, 2022. The new date will be communicated one week prior to the conference call. CEO Randy Hendricks emphasized the company's aggressive strategy to optimize operations and enhance service execution for its client, UAGC, while also focusing on growth in Fullstack Academy and TutorMe. Additionally, Zovio is postponing the filing of its Form 10-K, signaling ongoing transformations within the company.

Positive

• Initiatives to rightsizing the business and improve service execution.
• Focus on growth strategies for Fullstack Academy and TutorMe.

Negative

• Delay in financial results release and Form 10-K filing.

CHANDLER, Ariz., March 28, 2022 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, announced today it plans to reschedule its fourth quarter and full year 2021 financial results, which was previously scheduled for March 29, 2022, to a future date. The Company expects to announce the new date and time one week prior to the conference call date.

"Over the last three months, we have been aggressively developing and implementing a strategy aimed at rightsizing the business, improving our execution of the services we provide our client, UAGC, and driving growth within Fullstack Academy and TutorMe.  We will be delaying the filing of our Form 10-K and we look forward to discussing our results and near-term strategic direction during our call in the coming weeks," commented Randy Hendricks, Chief Executive Officer of Zovio.

About Zovio

Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, including Fullstack Academy and TutorMe, leverages its core strengths to solve priority market needs through education technology services. Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own. For more information, visit www.zovio.com.

Contact: Vickie Schray
vickie.schray@zovio.com
866 475 0317 x10003

 

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SOURCE Zovio

FAQ

When will Zovio announce its fourth quarter and full year 2021 financial results?

Zovio plans to announce the new date and time for its financial results one week before the conference call.

What does Zovio's delay in filing Form 10-K mean for investors?

The delay in filing Form 10-K may indicate potential issues in financial reporting or organizational changes that investors should be aware of.

What strategic initiatives is Zovio undertaking?

Zovio is implementing strategies aimed at rightsizing the business and enhancing service delivery, especially for its client UAGC.

What is the significance of Zovio's stock symbol ZVO?

ZVO is the ticker symbol under which Zovio is traded on the Nasdaq, reflecting its position in the education technology sector.