i "H i 1.81000 i the t E r ■ Sundry Photography Summary I rate Coursera, Inc. (NYSE:COUR) with a buy rating. I believe growth could accelerate from 10% to the mid-teens over the next two years when the macro environment gets better, using the 10% growth rate in 2Q24 as the "trough" growth level. As growth accelerates, I believe the market will re-rate multiples upward, which translates to attractive returns. Earnings results update In the latest quarter (2Q24) reported on July 25th, COUR grew revenue by 11% ...

Is AI a long-term risk or an opportunity? Shares of online education company Coursera (COUR -1.51%) jumped 29.9% during July, according to data provided by S&P Global Market Intelligence. The stock was actually up 50% for the month at one point before coming back down from its July highs. And the giant spike in price was catalyzed by the company's quarterly financial results. On July 25, Coursera reported financial results for the second quarter of 2024. Revenue was up 11% to $170 million, and free cash flo ...

[PART I. FINANCIAL INFORMATION](index=2&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section covers Coursera's unaudited financial statements and management's analysis of financial performance and condition [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=2&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) This section presents Coursera's unaudited consolidated financial statements, including balance sheets, income statements, and cash flows, highlighting key financial performance [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section details Coursera's financial position, showing total assets of **$904.4 million** and total liabilities of **$319.2 million** as of June 30, 2024 Condensed Consolidated Balance Sheets (in thousands) | | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Total current assets | $820,689 | $832,486 | | Total assets | $904,364 | $920,533 | | **Liabilities and Stockholders' Equity** | | | | Total current liabilities | $315,904 | $298,260 | | Total liabilities | $319,190 | $304,339 | | Total stockholders' equity | $585,174 | $616,194 | | Total liabilities and stockholders' equity | $904,364 | $920,533 | [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This section presents Coursera's revenue, gross profit, and net loss, showing an **11%** revenue increase and narrowed net loss for Q2 2024 Key Operating Results (in thousands, except per share data) | | Three Months Ended June 30, | Six Months Ended June 30, | | :--- | :--- | :--- | | | **2024** | **2023** | **2024** | **2023** | | **Revenue** | $170,337 | $153,702 | $339,405 | $301,344 | | **Gross Profit** | $90,175 | $79,701 | $179,672 | $157,169 | | **Loss from operations** | $(31,209) | $(38,376) | $(60,951) | $(77,453) | | **Net loss** | $(22,974) | $(31,743) | $(44,230) | $(64,107) | | **Net loss per share** | $(0.15) | $(0.21) | $(0.28) | $(0.43) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section details cash flows, showing **$48.3 million** in positive operating cash flow and a **$52.4 million** net cash increase for H1 2024 Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $48,301 | $(1,679) | | Net cash provided by investing activities | $52,835 | $103,619 | | Net cash used in financing activities | $(48,694) | $(60,277) | | **Net increase in cash** | **$52,442** | **$41,663** | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) This section provides detailed accounting policies, segment information, and disclosures on legal proceedings and the share repurchase program - Coursera operates through three reporting segments: **Consumer**, **Enterprise**, and **Degrees**[20](index=20&type=chunk) - As of June 30, 2024, the company had remaining performance obligations of **$323.4 million**, with approximately **69%** expected to be recognized as revenue over the next 12 months[33](index=33&type=chunk) - The company is involved in a putative class action lawsuit and related arbitration matters concerning alleged violations of the Video Privacy Protection Act (VPPA). An accrual was recorded for a settlement in principle with approximately **7,300 claimants**, which was not material[54](index=54&type=chunk)[56](index=56&type=chunk) - The **$95 million** share repurchase program, approved in April 2023, was completed as of May 7, 2024[59](index=59&type=chunk) Segment Revenue (in thousands) | Segment | Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | Consumer | $97,312 | $86,999 | $194,055 | $169,028 | | Enterprise | $58,727 | $54,180 | $116,221 | $106,353 | | Degrees | $14,298 | $12,523 | $29,129 | $25,963 | | **Total** | **$170,337** | **$153,702** | **$339,405** | **$301,344** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Coursera's financial performance, business trends, and outlook, highlighting revenue growth, key metrics, liquidity, and non-GAAP results [Overview](index=21&type=section&id=Overview) Coursera, a global online learning platform, reported a net loss of **$23.0 million** on **$170.3 million** revenue for Q2 2024, an improvement from prior year - As of June 30, 2024, Coursera had approximately **155 million** registered learners and partnered with over **325** leading global university and industry partners[83](index=83&type=chunk) Quarterly Financial Snapshot (in millions) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net Loss | $(23.0) | $(31.7) | | Stock-based Comp. | $30.0 | $29.3 | | Net Loss Margin | 13% | 21% | [Results of Operations](index=23&type=section&id=Results%20of%20Operations) Q2 2024 total revenue increased **11%** to **$170.3 million**, driven by growth across all segments, with gross margin improving to **53%** Revenue by Segment - Q2 2024 vs Q2 2023 (in thousands) | Segment | Q2 2024 | Q2 2023 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Consumer | $97,312 | $86,999 | $10,313 | 12% | | Enterprise | $58,727 | $54,180 | $4,547 | 8% | | Degrees | $14,298 | $12,523 | $1,775 | 14% | | **Total** | **$170,337** | **$153,702** | **$16,635** | **11%** | - Gross margin increased to **53%** in Q2 2024 from **52%** in Q2 2023, primarily driven by a lower revenue content cost rate in the Consumer segment[104](index=104&type=chunk) - Research and development expenses decreased by **18%** YoY in Q2 2024, mainly due to lower personnel-related expenses[107](index=107&type=chunk)[108](index=108&type=chunk) - General and administrative expenses increased **19%** YoY in Q2 2024, driven by **$3.4 million** in M&A evaluation costs and **$1.3 million** in significant legal fees[107](index=107&type=chunk)[110](index=110&type=chunk) [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) Coursera maintains a strong liquidity position with **$708.8 million** in cash and positive operating cash flow for H1 2024 - Principal source of liquidity as of June 30, 2024, was cash and cash equivalents totaling **$708.8 million**[114](index=114&type=chunk) - The company completed its **$95 million** share repurchase program in May 2024, having repurchased **3.1 million** shares for **$36.7 million** during the first six months of 2024[117](index=117&type=chunk) Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $48,301 | $(1,679) | | Net cash provided by investing activities | $52,835 | $103,619 | | Net cash used in financing activities | $(48,694) | $(60,277) | [Key Business Metrics and Non-GAAP Financial Measures](index=29&type=section&id=Key%20Business%20Metrics%20and%20Non-GAAP%20Financial%20Measures) Key business metrics show **155.1 million** registered learners and **22,600** Degrees students, with Adjusted EBITDA reaching **$10.4 million** for the quarter Key Business Metrics as of June 30 | Metric | 2024 | 2023 | YoY Growth | | :--- | :--- | :--- | :--- | | Total Registered Learners (millions) | 155.1 | 129.4 | 20% | | Number of Degrees Students (thousands) | 22.6 | 19.1 | 19% | | Paid Enterprise Customers | 1,511 | 1,291 | 17% | | Net Retention Rate for Paid Enterprise Customers | 93% | 97% | (4)% | Adjusted EBITDA Reconciliation (in thousands) | | Three Months Ended June 30, | Six Months Ended June 30, | | :--- | :--- | :--- | | | **2024** | **2023** | **2024** | **2023** | | Net loss | $(22,974) | $(31,743) | $(44,230) | $(64,107) | | **Adjusted EBITDA** | **$10,388** | **$(2,853)** | **$18,701** | **$(10,385)** | | Adjusted EBITDA Margin | 6% | (2)% | 6% | (3)% | Free Cash Flow Reconciliation for Six Months Ended June 30 (in thousands) | | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $48,301 | $(1,679) | | Less: Capital Expenditures & Content Purchases | $(13,165) | $(9,625) | | **Free Cash Flow** | **$35,136** | **$(11,304)** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Coursera faces market risks from interest rate changes and foreign currency fluctuations, with potential impacts on its investment portfolio and financial statements - A hypothetical **100 basis point** increase in interest rates would cause a **$0.5 million** decline in the fair value of the investment portfolio as of June 30, 2024[155](index=155&type=chunk) - A hypothetical **10%** increase or decrease in foreign currency exchange rates would have impacted the Q2 2024 financial statements by **$0.3 million**[157](index=157&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2024, with no material changes to internal controls - The CEO and CFO concluded that as of June 30, 2024, the company's disclosure controls and procedures were effective at the reasonable assurance level[159](index=159&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[160](index=160&type=chunk) [PART II. OTHER INFORMATION](index=36&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides additional information including legal proceedings, risk factors, equity sales, and other disclosures [Item 1. Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) This section incorporates by reference details on legal proceedings, including a class action lawsuit regarding privacy violations - Information regarding legal proceedings is incorporated by reference from Note 9, 'Commitments and Contingencies,' in Part I, Item 1 of the report[163](index=163&type=chunk) [Item 1A. Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) This section outlines various risks, including business, regulatory, litigation, privacy, cybersecurity, intellectual property, and common stock related factors [Risks Related to Our Business and Industry](index=38&type=section&id=Risks%20Related%20to%20Our%20Business%20and%20Industry) The company faces business and industry risks, including growth sustainability, market adoption, content partnerships, and intense competition - The company's ability to grow depends on its ability to maintain and expand partnerships with its university and industry partners. Approximately **30%** of total revenue for the first six months of 2024 was generated from the content of five partners[176](index=176&type=chunk) - The market for online learning is new and may not evolve as expected, and the adoption of generative AI may not lead to increased demand for the company's offerings[171](index=171&type=chunk)[172](index=172&type=chunk) - The company faces significant competition from a wide range of players in the online learning ecosystem, including 2U/edX, LinkedIn Learning, Udemy, and others, which could result in pricing pressure and impact market share[228](index=228&type=chunk)[229](index=229&type=chunk) [Risks Related to Regulatory Matters and Litigation](index=57&type=section&id=Risks%20Related%20to%20Regulatory%20Matters%20and%20Litigation) Regulatory and litigation risks include reliance on uncodified DOE guidance, potential TPS classification, and ongoing privacy lawsuits - The company's Degrees business model relies heavily on the DOE's 'bundled services exception' guidance from a 2011 'Dear Colleague' Letter, which is not codified and is currently under review by the DOE, creating significant regulatory uncertainty[281](index=281&type=chunk)[283](index=283&type=chunk) - If the DOE classifies Coursera as a Third-Party Servicer (TPS) in the future, it would fall under direct DOE oversight and be subject to joint and several liability with university partners for any HEA violations, which could adversely impact business[287](index=287&type=chunk)[288](index=288&type=chunk) - The company is party to a class action lawsuit and faces arbitration demands for alleged violations of the Video Privacy Protection Act (VPPA) and other privacy laws, which could be time-consuming and expensive[301](index=301&type=chunk) [Risks Related to Privacy, Cybersecurity, and Infrastructure](index=63&type=section&id=Risks%20Related%20to%20Privacy%2C%20Cybersecurity%2C%20and%20Infrastructure) Significant risks include cyberattacks, data privacy compliance (GDPR, CCPA), and reliance on third-party infrastructure like AWS - The company collects and stores personal data, making it vulnerable to cyberattacks. A security compromise could lead to government enforcement, litigation, and loss of trust[305](index=305&type=chunk)[307](index=307&type=chunk) - The business is subject to numerous evolving privacy laws like GDPR and CCPA, and new laws related to AI. Non-compliance could result in large penalties and require changes to business practices[327](index=327&type=chunk)[328](index=328&type=chunk)[329](index=329&type=chunk) - The platform's reliability is critical and depends on third-party infrastructure, primarily Amazon Web Services (AWS). Any disruption in these services could significantly harm the business[315](index=315&type=chunk) [Risks Related to Intellectual Property](index=69&type=section&id=Risks%20Related%20to%20Intellectual%20Property) Intellectual property risks include protecting proprietary technology, defending against infringement claims, and managing open-source software use - The company may be subject to intellectual property claims, which are costly to defend and could require payment of significant damages or limit the use of certain technologies[341](index=341&type=chunk) - A substantial portion of the platform incorporates open-source software (OSS), which could require the company to disclose proprietary code or offer solutions for no cost if found non-compliant with OSS licenses[345](index=345&type=chunk) [Risks Related to Our Common Stock](index=72&type=section&id=Risks%20Related%20to%20Our%20Common%20Stock) Risks related to common stock include price volatility, no foreseeable dividends, and anti-takeover provisions that may limit market price - The price of the company's common stock could be volatile due to factors like variations in operating results, analyst expectations, and general market conditions[358](index=358&type=chunk) - The company does not intend to pay dividends for the foreseeable future, so any investment return will be limited to changes in stock value[366](index=366&type=chunk) - Anti-takeover provisions in the company's charter and under Delaware law could delay or prevent a change of control, potentially limiting the market price of the common stock[367](index=367&type=chunk) [Risks Relating to Our Existence as a Public Benefit Corporation](index=76&type=section&id=Risks%20Relating%20to%20Our%20Existence%20as%20a%20Public%20Benefit%20Corporation) As a Public Benefit Corporation, Coursera faces unique risks balancing shareholder and public benefit interests, potentially impacting financial performance and takeover attractiveness - As a Public Benefit Corporation (PBC), the company's directors have a fiduciary duty to balance stockholders' pecuniary interests with the company's public benefit purpose, which may lead to actions that do not maximize financial results[377](index=377&type=chunk) - The PBC status may make the company less attractive as a takeover target, potentially limiting an investor's ability to realize their investment through an acquisition[378](index=378&type=chunk) - Stockholders of a PBC can file derivative lawsuits claiming directors failed to balance stockholder and public benefit interests, exposing the company to increased litigation risk[384](index=384&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=78&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the completion of the **$95 million** share repurchase program in May 2024, including Q2 2024 repurchase activity Share Repurchases for Three Months Ended June 30, 2024 | Period | Total Shares Purchased | Average Price Paid per Share | Approx. Dollar Value Remaining (in thousands) | | :--- | :--- | :--- | :--- | | April 2024 | 1,135,280 | $13.87 | $14,892 | | May 2024 | 1,532,737 | $9.74 | $0 | | June 2024 | 0 | $— | $0 | | **Total** | **2,668,017** | **$11.49** | **$0** | [Item 5. Other Information](index=79&type=section&id=Item%205.%20Other%20Information) This section discloses that two directors adopted Rule 10b5-1 trading plans for future common stock sales during Q2 2024 - On June 12, 2024, director Amanda Clark adopted a Rule 10b5-1 trading plan for the sale of up to **10,896 shares**, expiring May 23, 2025[389](index=389&type=chunk) - On June 13, 2024, director Andrew Ng adopted a Rule 10b5-1 trading plan for the sale of up to **455,000 shares**, expiring March 19, 2025[389](index=389&type=chunk) [Item 6. Exhibits](index=79&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including compensation policies, separation agreements, and required certifications - The report includes several key exhibits, such as: - Amended and Restated Non-Employee Director Compensation Policy (10.1) - Separation Agreements with Leah Belsky and Shravan Goli (10.2, 10.4) - CEO and CFO Certifications (31.1, 31.2, 32.1, 32.2)[392](index=392&type=chunk) [Signatures](index=80&type=section&id=Signatures) The Form 10-Q report was signed by the company's principal executive, financial, and accounting officers on August 1, 2024 - The report was signed by Jeffrey N. Maggioncalda (CEO), Kenneth R. Hahn (CFO), and Michele M. Meyers (CAO) on August 1, 2024[395](index=395&type=chunk)

Often, the downside of a sharp post-earnings price surge is the temptation for investors to sell out of their positions immediately to book quick profits. It's very likely that this dynamic also contributed to Coursera's Monday swoon. In Coursera's case, there was much to like about its second-quarter results, particularly that explosive earnings beat and its 11% year-over-year increase in sales. Long-term investors should try their best not to be spooked by dramatic share price movements in their favored t ...

Online learning provider Coursera Inc (NYSE:COUR) is 55% higher at $11.48 at last glance, heading for its best day ever after reporting second-quarter revenue that beat expectations. While earnings per share fell below the consensus estimate, the stock is getting a boost from strong demand for artificial intelligence (AI) learning courses, with more than 2 million enrollments in its generative AI catalog of programs. It's also worth noting that short interest added 28.9% over the last two reporting periods, ...

Coursera (COUR 45.88%) stock charged out of the gate Friday morning, surging 51% through 9:40 a.m. ET after announcing beats on both top and bottom lines. Heading into Coursera's second-quarter report last night, analysts forecast the online education company would earn a $0.01 per share adjusted profit on sales of $164.4 million. Coursera beat both predictions, however, reporting adjusted profits of $0.09 per share and sales of $170.3 million. Coursera's big earnings beat Not all the news was good. Althoug ...

Financial Data and Key Metrics - Total revenue for Q2 2024 was $170 3 million, up 11% YoY [38] - Gross profit was $92 3 million with a 54% gross margin, up from 53% in the prior year [39] - Net income was $13 8 million, or 8 1% of revenue, and Adjusted EBITDA was $10 4 million, or 6 1% of revenue [39] - Free cash flow was approximately $17 million, inclusive of $2 million in content asset purchases [16] - The company repurchased 2 7 million shares for approximately $31 million, ending the quarter with $709 million in unrestricted cash and cash equivalents [17] Business Segment Performance Consumer Segment - Consumer revenue was $97 3 million, up 12% YoY, driven by demand for entry-level Professional Certificates and generative AI courses [18] - Segment gross profit was $52 4 million, or 54% of Consumer revenue, up from 52% in the prior year [18] - Approximately 7 million new registered learners were added this quarter, with a higher mix from regions outside North America [18] Enterprise Segment - Enterprise revenue was $58 7 million, up 8% YoY, with growth across business, campus, and government verticals [42] - Segment gross margin was $39 9 million, or 68% of Enterprise revenue, compared to 71% a year ago [42] - The total number of Paid Enterprise Customers increased to 1,511, up 17% YoY, with a Net Retention Rate of 93% [42] Degrees Segment - Degrees revenue was $14 3 million, up 14% YoY, with the total number of Degrees Students growing 19% to 22,600 [19] - Degrees segment gross margin was 100% of revenue, as there are no content costs attributable to this segment [19] Market and Strategic Direction - The company is focusing on broadening its catalog of entry-level Professional Certificates, growing the Enterprise segment, and scaling Degree programs with a focus on flexibility and affordability [13] - Generative AI is a key focus, with new features like Coursera Coach, Course Builder, and GenAI Academy for Teams being introduced [8][12][35] - The company is leveraging generative AI to enhance content production, academic integrity, and personalized learning experiences [1][11][34] Management Commentary on Operating Environment and Future Outlook - The company reaffirmed its full-year 2024 outlook, expecting revenue in the range of $695 million to $705 million and Adjusted EBITDA in the range of $24 million to $28 million [43] - Management highlighted the importance of generative AI in transforming education and skilling, emphasizing the need for equitable access to these technologies globally [21][32] - The company is optimistic about the role of generative AI in creating value and unlocking productivity gains across various job roles [26][52] Other Important Information - The company has introduced a price floor of $10 per share for future employee grants to address dilution concerns [41] - Coursera has partnered with Microsoft and Women in Cloud to launch the Universal Access to Microsoft Skills Scholarship, providing 5,000 recipients access to Microsoft Specializations and Professional Certificates [45] Q&A Session Summary Question: Revenue Deceleration in Q3 and Re-acceleration in Q4 - The deceleration in Q3 is due to a tough comparison with a blockbuster cybersecurity release in Q3 2023, while the re-acceleration in Q4 is expected due to new content launches [64][47] Question: Expense Growth in the Back Half of the Year - Expense growth is driven by investments in content, R&D, and marketing, with a focus on optimizing for growth opportunities [65][49] Question: Budgetary Environment for Enterprise L&D - The corporate learning market is showing signs of stabilization, particularly in Europe and North America, with potential for growth as generative AI adoption increases [51][54] Question: Free-to-Pay Learner Conversion in Consumer Segment - The company is seeing stabilization in conversion rates, with generative AI and job-specific credentials expected to drive further improvement [27][28] Question: New Content Production Arrangements - The company is investing in generative AI tools to produce partner-branded content, leading to more favorable revenue share economics and exclusivity [76][78][80] Question: Degree Segment Growth - The company is focusing on pathway degrees, which offer flexibility and affordability, and expects continued growth in this segment [82][84][93] Question: Large Cash Balance and Capital Allocation - The company is holding cash for strategic opportunities, including potential M&A, and has allocated $20 million for content production investments [91][103] Question: Enterprise NRR and Government Segment Challenges - NRR has been impacted by transitory budgets in the government segment, but the company is working to identify and focus on more stable use cases [108][109]

Core Insights - Coursera reported a revenue of $170.34 million for Q2 2024, marking a year-over-year increase of 10.8% and an EPS of $0.09 compared to $0.00 a year ago [2][6] Financial Performance Metrics - Total registered learners reached 155 million, slightly above the average estimate of 152.85 million [4] - The number of degree students was reported at 22,600, compared to the estimated 22,668 [4] - Paid enterprise customers totaled 1,511, slightly exceeding the average estimate of 1,508 [4] - Consumer revenues were $97.30 million, surpassing the estimated $92.64 million, reflecting an 11.8% year-over-year increase [4] - Degree revenues amounted to $14.30 million, exceeding the estimate of $13.66 million, with a year-over-year change of 14.4% [4] - Enterprise revenues were reported at $58.70 million, slightly above the average estimate of $58.34 million, representing an 8.3% year-over-year change [4] Stock Performance - Coursera's shares have returned +11.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [5]

Net Income (Loss) Disclaimer In addition to financial information presented in accordance with GAAP, this presentation includes non-GAAP gross profit, non-GAAP net income (loss), non-GAAP net income (loss) per share, Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow, each of which is a non-GAAP financial measure. These are key measures used by our management to help us analyze our financial results, establish budgets and operational goals for managing our business, evaluate our performance, and ma ...

Coursera (COUR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 800%. A quarter ago, it was expected that this online learning platform would post earnings of $0.01 per share when it actually produced earnings of $0.07, delivering a surprise of 600%. Over the last four quarters, th ...