Investors should always pay close attention to stocks with lowered price targets. Not only can that lowered target highlight potential danger, but it can also highlight a potential short opportunity to be well aware of.Often, downgraded and downward price revisions are influenced by company fundamentals, including financial health and future growth. They can also indicate bearish trends in the industry, including earnings trends and financial data. Or, perhaps a firm is simply jumping on a bearish bandwagon ...

Revenue Growth - For the three months ended March 31, 2024, total revenue was $169.1 million, an increase of $21.4 million or 15% compared to $147.6 million for the same period in 2023[97] - Consumer revenue increased by $14.7 million, or 18%, to $96.7 million, driven by new learners contributing $41.6 million[98] - Enterprise revenue rose by $5.3 million, or 10%, attributed to an increase in new customers, despite a decrease in existing customer spend[99] - Degrees revenue increased by $1.4 million, or 10%, primarily due to a $3.1 million rise from more Degrees students, offset by a decrease in revenue per student[100] - Total revenue for Q1 2024 was $169.1 million, a 15% increase from $147.6 million in Q1 2023[139] - Consumer revenue reached $96.7 million in Q1 2024, growing 18% year-over-year, while Enterprise revenue increased by 10% to $57.5 million[139] - Degrees revenue for Q1 2024 was $14.8 million, up 10% from $13.4 million in Q1 2023[139] Profitability and Loss - The net loss for the three months ended March 31, 2024, was $21.3 million, a reduction from a net loss of $32.4 million in the same period of 2023, resulting in a net loss margin of 13% compared to 22%[83] - Non-GAAP net income for Q1 2024 was $11.9 million, compared to a non-GAAP net loss of $5.2 million in Q1 2023[144] - Free Cash Flow for Q1 2024 was $18.1 million, significantly up from $0.9 million in Q1 2023[150] - Adjusted EBITDA for Q1 2024 was $8.3 million, compared to an adjusted EBITDA loss of $7.5 million in Q1 2023[147] Expenses and Costs - Gross profit for the quarter was $89.5 million, representing a gross margin of 53%, up from 52% in the prior year[96] - Operating expenses totaled $119.2 million, with research and development expenses at $34.6 million, down from $43.8 million in the previous year[94] - Cost of revenue for the three months ended March 31, 2024 was $79.6 million, an increase of 13% from $70.2 million in the same period of 2023[101] - Total operating expenses for the three months ended March 31, 2024 were $119.2 million, a slight increase of 2% compared to $116.5 million in 2023[104] - Research and development expenses decreased by 21% to $34.6 million for the three months ended March 31, 2024, down from $43.8 million in 2023[105] Learner and Customer Growth - The average total number of registered learners increased by 20%, contributing to the growth in paid learners[97] - Total registered learners reached 148.5 million as of March 31, 2024, representing a year-over-year growth of 20% from 123.7 million[129] - The number of Degrees students increased to 22.2 thousand in Q1 2024, up from 18.1 thousand in Q1 2023, representing a year-over-year growth of 23%[132] - Paid Enterprise Customers rose to 1,480 in Q1 2024, compared to 1,253 in Q1 2023, reflecting an 18% year-over-year growth[134] Cash and Liquidity - Net cash provided by operating activities increased significantly to $24.5 million for the three months ended March 31, 2024, compared to $4.7 million in the same period of 2023[120] - Cash and cash equivalents totaled $725.4 million as of March 31, 2024, providing a strong liquidity position[111] - The company expects existing cash and cash equivalents, along with anticipated cash flows from operations, to be sufficient to meet cash needs for at least the next 12 months[113] - The company repurchased 431,783 shares of common stock for $6.0 million during the three months ended March 31, 2024, with $30.6 million remaining under the share repurchase program[116] Interest and Currency Risk - Interest income for the three months ended March 31, 2024 was $9.6 million, a 19% increase from $8.0 million in the same period of 2023[109] - As of March 31, 2024, a hypothetical 100 basis point increase or decrease in interest rates would have resulted in a $7.3 million and $7.8 million change in annualized interest income[157] - The company’s revenue is primarily denominated in U.S. dollars, minimizing exposure to significant foreign currency risk, while operating expenses are subject to fluctuations in local currencies[158] - A 10% increase or decrease in current exchange rates would have impacted the Condensed Consolidated Financial Statements by $0.5 million and $0.9 million for the three months ended March 31, 2024 and 2023, respectively[159] - The company maintains foreign-currency denominated cash and cash equivalents to support ongoing operations in foreign entities[159] - The company has not entered into any hedging arrangements for foreign currency risk but may consider doing so in the future[159] Partnerships and Strategic Initiatives - The company continues to invest in expanding its international footprint to tap into underserved adult learning populations[90] - Coursera partners with over 325 leading global universities and industry partners to provide high-quality content and credentials[81]

The company was more optimistic about growth three months ago than it is right now.Shares of online education company Coursera (COUR -13.08%) crashed on Tuesday and even briefly hit all-time lows in the first moments of trading today. Coursera stock has recovered a little from the bottom, but was still down about 12% as of noon ET.Where's the expected AI boost?Coursera just reported financial results for the first quarter of 2024, and in isolation, the numbers weren't bad. In Q1, the company generated reven ...

Coursera (NYSE:COUR) stock is dropping on Tuesday after the company released its earnings report for the first quarter of 2024.Lackluster guidance in that report is why shares are falling this morning. That includes its revenue guidance of $162 to $166 million for the second quarter of the year. This would miss Wall Street’s estimate of $177.82 million for the quarter.Coursera’s revenue guidance of $695 to $705 million for the full year of 2024 also leaves much to be desired. It wouldn’t come close to reach ...

Coursera, Inc. (NYSE:COUR) Q1 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants Cam Carey - Head of Investor Relations Jeff Maggioncalda - Chief Executive Officer Ken Hahn - Chief Financial Officer Conference Call Participants Rishi Jaluria - RBC Ryan MacDonald - Needham Stephen Sheldon - William Blair Josh Baer - Morgan Stanley Brian Peterson - Raymond James Devin Au - KeyBanc Capital Markets Brett Knoblauch - Cantor Fitzgerald Operator Ladies and gentlemen, thank you for standing ...

For the quarter ended March 2024, Coursera (COUR) reported revenue of $169.07 million, up 14.5% over the same period last year. EPS came in at $0.07, compared to -$0.04 in the year-ago quarter.The reported revenue represents a surprise of -0.95% over the Zacks Consensus Estimate of $170.69 million. With the consensus EPS estimate being $0.01, the EPS surprise was +600.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

[Financial & Operating Highlights](index=1&type=section&id=Financial%20%26%20Operating%20Highlights) Coursera reported strong Q1 2024 results with a 15% year-over-year revenue increase to $169.1 million, achieving positive Adjusted EBITDA and Free Cash Flow Q1 2024 Key Financial Metrics (YoY Comparison) | Financial Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $169.1M | $147.6M | +15% | | **Gross Profit (GAAP)** | $89.5M | $77.5M | +15.5% | | **Net Loss (GAAP)** | $(21.3)M | $(32.4)M | Improved | | **Net Loss per Share** | $(0.14) | $(0.22) | Improved | | **Adjusted EBITDA** | $8.3M | $(7.5)M | Improved | | **Net Cash from Operations** | $24.5M | $4.7M | +421% | | **Free Cash Flow** | $18.1M | $0.9M | +1911% | Q1 2024 Revenue by Segment (YoY Comparison) | Segment | Q1 2024 Revenue | YoY Growth | Key Drivers | | :--- | :--- | :--- | :--- | | **Consumer** | $96.7M | +18% | Demand for Professional Certificates and AI courses | | **Enterprise** | $57.5M | +10% | Strength in government and campus verticals | | **Degrees** | $14.8M | +10% | Growth in new students and scaling of new programs | - Key operational metrics showed continued growth, reaching **148 million registered learners** (an increase of **7 million** in the quarter), **1,480 Paid Enterprise Customers** (**+18% YoY**), and **22,200 Degrees Students** (**+23% YoY**)[17](index=17&type=chunk) - The Net Retention Rate for Paid Enterprise Customers was **94%**[17](index=17&type=chunk) [Business & Platform Developments](index=2&type=section&id=Business%20%26%20Platform%20Developments) Coursera significantly expanded its AI-related offerings and platform enhancements, launching over 75 new courses and AI-powered tools while broadening strategic partnerships globally - **Content and Credentials:** * Launched over **75 new courses and projects** in generative AI from partners including Google, DeepLearning.AI, Duke University, IBM, and Microsoft[19](index=19&type=chunk)[33](index=33&type=chunk) * Added new entry-level Professional Certificates from Unilever in supply chain analytics and digital marketing[19](index=19&type=chunk)[33](index=33&type=chunk) * Announced a new master's in management pathway degree program with the University of Huddersfield[19](index=19&type=chunk)[33](index=33&type=chunk) - **Enterprise Customers:** * **Coursera for Business:** Signed new and expanded deals with Aboitiz Power Corporation, Buk, Coast Capital, and The Bank of Saint Lucia Limited[20](index=20&type=chunk)[34](index=34&type=chunk) * **Coursera for Government:** Launched a national training initiative with the President of Guyana for all citizens and public sector employees[20](index=20&type=chunk)[34](index=34&type=chunk) * **Coursera for Campus:** Partnered with institutions like Central State University (U.S.), Heriot-Watt University (U.K.), and Yenepoya University (India)[20](index=20&type=chunk)[34](index=34&type=chunk) - **Learning Platform Enhancements:** * Expanded AI-powered course translation from **18 to 21 languages**, adding Hindi, Japanese, and Korean[21](index=21&type=chunk)[35](index=35&type=chunk) * Launched 'Course Builder,' an AI-assisted tool for enterprise customers to create custom private courses[21](index=21&type=chunk)[35](index=35&type=chunk) * Broadened beta access to 'Coursera Coach' for paying Consumer learners and Business/Government customers[21](index=21&type=chunk)[35](index=35&type=chunk) [Financial Outlook](index=2&type=section&id=Financial%20Outlook) Coursera provided its financial outlook for Q2 and full year 2024, projecting revenue between $162 million and $166 million for Q2 and $695 million to $705 million for the full year Financial Outlook for 2024 | Period | Revenue | Adjusted EBITDA | | :--- | :--- | :--- | | **Q2 2024** | $162M - $166M | $(2)M - $2M | | **Full Year 2024** | $695M - $705M | $24M - $28M | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q1 2024, including statements of operations, balance sheets, and cash flows [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 2024, Coursera's revenue grew 15% year-over-year to $169.1 million, with net loss improving to $(21.3) million from $(32.4) million in the prior year Q1 2024 Statement of Operations Highlights (in thousands) | Line Item | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Revenue** | $169,068 | $147,642 | | **Gross Profit** | $89,497 | $77,468 | | **Total Operating Expenses** | $119,239 | $116,545 | | **Loss from Operations** | $(29,742) | $(39,077) | | **Net Loss** | $(21,256) | $(32,364) | | **Net Loss Per Share** | $(0.14) | $(0.22) | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, Coursera reported total assets of $916.3 million, maintaining a strong cash position of $725.4 million with total stockholders' equity at $609.1 million Balance Sheet Highlights (in thousands) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $725,363 | $656,321 | | **Total current assets** | $833,247 | $832,486 | | **Total assets** | $916,303 | $920,533 | | **Total current liabilities** | $302,587 | $298,260 | | **Total liabilities** | $307,189 | $304,339 | | **Total stockholders' equity** | $609,114 | $616,194 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In Q1 2024, Coursera generated $24.5 million in cash from operating activities, significantly increasing cash and cash equivalents by $69.0 million during the quarter Q1 2024 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $24,450 | $4,692 | | **Net cash provided by (used in) investing activities** | $59,643 | $(50,540) | | **Net cash used in financing activities** | $(15,051) | $(7,682) | | **Net increase (decrease) in cash** | $69,042 | $(53,530) | | **Cash, cash equivalents, and restricted cash—End of period** | $727,128 | $269,348 | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP to non-GAAP measures, showing Q1 2024 non-GAAP net income of $11.9 million, Adjusted EBITDA of $8.3 million, and Free Cash Flow of $18.1 million, all significantly improved year-over-year Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Description | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Net loss (GAAP)** | $(21,256) | $(32,364) | | Stock-based compensation expense | $27,857 | $30,330 | | Depreciation and amortization | $6,356 | $5,511 | | Interest income, net | $(9,583) | $(8,037) | | Restructuring related charges | $2,101 | $(5,659) | | Other adjustments | $2,838 | $2,687 | | **Adjusted EBITDA (Non-GAAP)** | **$8,313** | **$(7,532)** | Reconciliation of Net Loss to Non-GAAP Net Income (in thousands) | Description | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Net loss (GAAP)** | $(21,256) | $(32,364) | | Stock-based compensation expense | $27,857 | $30,330 | | Other adjustments | $5,319 | $(4,145) | | **Non-GAAP net income (loss)** | **$11,920** | **$(5,161)** | | **Non-GAAP net income (loss) per share—diluted** | **$0.07** | **$(0.03)** | Reconciliation to Free Cash Flow (in thousands) | Description | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $24,450 | $4,692 | | Less: purchases of property, equipment, and software | $(134) | $(298) | | Less: capitalized internal-use software costs | $(4,070) | $(2,862) | | Less: purchases of content assets | $(2,153) | $(624) | | **Free Cash Flow (Non-GAAP)** | **$18,093** | **$908** | [Key Business Metrics & Definitions](index=3&type=section&id=Key%20Business%20Metrics%20%26%20Definitions) Coursera defines key performance indicators including Registered Learners, Paid Enterprise Customers, Net Retention Rate, and Degrees Students to clarify operational scale and customer engagement - **Registered Learners:** Each customer account with a unique email is counted as a registered learner, adjusted for spam, test accounts, and cancellations. The count as of March 31, 2024 was **148 million**[26](index=26&type=chunk)[39](index=39&type=chunk) - **Paid Enterprise Customers:** A customer who purchases Coursera via the direct sales force. This excludes customers from Coursera for Teams or channel partners. The count as of March 31, 2024 was **1,480**[40](index=40&type=chunk)[48](index=48&type=chunk) - **Net Retention Rate (NRR) for Paid Enterprise Customers:** Calculated by dividing the Annual Recurring Revenue (ARR) from a cohort of customers at the end of the current period by the ARR from the same cohort 12 months prior. The NRR for Q1 2024 was **94%**[17](index=17&type=chunk)[28](index=28&type=chunk)[41](index=41&type=chunk) - **Number of Degrees Students:** Includes all students matriculated in a degree program and enrolled in at least one course during the period. The count as of March 31, 2024 was **22,200**[42](index=42&type=chunk)[50](index=50&type=chunk)

With the meteoric rise of the mega-cap tech titans, it’s all too easy to stick with the market’s biggest behemoths. As the stock market becomes more concentrated in the larger-cap names (it’s become incredibly top-heavy over the past year, perhaps too top-heavy), many investors may miss out on the potential of some of the less-crowded, smaller-cap plays. Indeed, many behemoth-sized firms, especially in the tech sector, are making the most of their massive network effects to shift laterally into new markets. ...

The global pandemic caused a significant shift in education, moving online platforms to the forefront while traditional classrooms took a back seat. This change led to a significant increase in demand for e-learning, creating valuable opportunities in online education stocks.Moreover, Statista predicts an increase from $185.20 billion in 2024 to $257.70 billion by 2028 in the online education market. This upswing is driven by growing internet penetration and the acceptance of digital learning. Similarly, as ...

dem10Coursera (NYSE:COUR) is well known as one of the leading providers of online learning. It offers professional certificates, university degrees, and a range of courses from general interest to postgraduate qualifications. It has grown revenue consistently since it began in 2019 and delivered its first positive EBITDA in Q4 2023. In this article, the second I have written on Coursera, I consider the possibility that the emerging general-purpose Generative AI technology will turbocharge revenue growth ...