GLENDALE, Ariz.--(BUSINESS WIRE)--Arizona Virtual Academy (AZVA), a tuition-free, online K-12 public school providing personalized education, has announced that Career Readiness Education Administrator Dr. Erica Young-Jackson recently received the Claes Nobel Educator of Distinction Award. Sponsored by the National Society of High School Scholars (NSHSS), the honor recognizes educators worldwide. Young-Jackson was selected for her excellence in teaching and unwavering commitment to the academic success o ...

RESTON, Va.--(BUSINESS WIRE)--Stride Inc. (NYSE: LRN) announced today it plans to discuss its second quarter fiscal year 2024 financial results during a conference call scheduled for Tuesday, January 23, 2024 at 5:00 p.m. eastern time (ET). A live webcast of the call will be available at https://events.q4inc.com/attendee/460100403 . To participate in the live call, investors and analysts should dial (888) 210-2831 (domestic) or 1 (289) 514-2968 (international) and provide the conference ID number 4812941. ...

Key PointsPrice targets for tech-education player Stride are in the $60 to $70 range and any sort of pre-earnings release pullback may present an opportunity.Analysts will be looking for a fourth consecutive period of 20%-plus revenue growth and a 37% jump in profits when Badger Meter reports in early February.As businesses continue to invest in AI data centers, machine learning tools and cloud storage, activity is expected to pick up for Celestica.5 stocks we like better than StrideWhether it be a pair of ...

SALT LAKE CITY--(BUSINESS WIRE)--Career Academy of Utah, which offers tuition-free, virtual education for Utah students, is now accepting applications for the 2024-2025 academic school year. CAU has added 10th grade for 2024-25 and will serve up to 12th grade by the 2026-27 school year. The academy is powered by Stride K12 and led by Utah-certified teachers. “Career Academy of Utah is thrilled to welcome K-10 students to our school in the coming school year,” said CAU Executive Director Dr. Bonita Teasl ...

GLENDALE, Ariz.--(BUSINESS WIRE)--The winners of the 2023 Fall Qualifier Microsoft Office Specialist Arizona State Championship have been announced by Certiport, the leading provider of performance-based IT certification exams that accelerate academic and career opportunities for learners. Winning 4th in the Microsoft Office Specialist PowerPoint (Microsoft 365 Apps) Microsoft Office category and 9th place in the Specialist Word (Microsoft 365 Apps) category is Enzo Borrego from Arizona Virtual Academy, ...

SrdjanPav/E+ via Getty ImagesThesis Stride, Inc. (NYSE:LRN) has positioned itself as a trailblazer in online education, achieving consistent double-digit growth since 2006. With a focus on diverse learners, it offers a comprehensive suite for K-12 students and adults, leveraging an innovative school-as-a-service model. Venturing into adult learning in 2020 through strategic acquisitions showcases Stride's visionary approach. Recent market dynamics, such as a 30% stock price surge, affirm its resilience ...

| --- | --- | |-----------------------|-------| | | | | Q1 FY2024 | | | Earnings Presentation | | | October 24, 2023 | | | | | | | | This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation are forward-looking statements. We have tried, whenever possible, to identify these forward-looking stat ...

Financial Performance - For the three months ended September 30, 2023, revenues increased to $480.2 million from $425.2 million in the prior year, an increase of 12.9%[175] - Operating income for the same period increased to $3.3 million from an operating loss of $28.7 million in the prior year, driven by revenue growth and an increase in gross margin[175] - Revenues for the three months ended September 30, 2023, were $480.2 million, an increase of $55.0 million, or 12.9%, from $425.2 million in the same period last year[197] - The gross margin for the three months ended September 30, 2023, was 36.0%, compared to 30.5% in the prior year[196] - Net income attributable to common stockholders was $4.9 million, or 1.0% of revenues, compared to a net loss of $22.7 million, or (5.3)% of revenues, in the prior year[196] Enrollment and Revenue Segments - Total enrollments for the three months ended September 30, 2023, were 187.9 thousand, an increase of 14.0 thousand, or 8.1%, over the prior year[175] - General Education revenues for the three months ended September 30, 2023, were $299.3 million, an increase of 10.2% from $271.7 million in the prior year[189] - Career Learning revenues for the same period totaled $180.8 million, an increase of 17.8% from $153.5 million in the prior year[189] - Total enrollments in Career Learning increased by 14.1% to 70.3 thousand for the three months ended September 30, 2023[186] - General Education revenues increased by $27.7 million, or 10.2%, year over year, driven by a 4.7% increase in enrollments[197] - Career Learning revenues rose by $27.4 million, or 17.8%, primarily due to a 14.1% increase in enrollments[197] Expenses and Costs - Instructional costs and services expenses were $307.3 million, representing an increase of $11.8 million, or 4.0%, from $295.5 million year over year, with expenses at 64.0% of revenues, down from 69.5%[198] - Selling, general, and administrative expenses were $169.6 million, an increase of $11.2 million, or 7.1%, from $158.4 million, with expenses at 35.3% of revenues, down from 37.2%[199] Cash Flow and Working Capital - As of September 30, 2023, net working capital was $781.1 million, including cash and cash equivalents of $254.6 million and accounts receivable of $629.6 million[202] - Net cash used in operating activities for the three months ended September 30, 2023, was $135.3 million, a decrease of $7.8 million from $143.1 million in the prior year[212] - Net cash used in investing activities was $7.1 million, a decrease of $19.4 million from $26.5 million in the same period last year, primarily due to higher net maturities of marketable securities[213] - Net cash used in financing activities was $13.8 million, a decrease of $11.4 million from $25.2 million in the prior year, mainly due to reduced stock repurchase and contingent consideration payments[214] Strategic Initiatives - The company continues to explore acquisitions, strategic investments, and joint ventures to enhance its business operations[211] - Stride has invested over $600 million in the last twenty years to develop curriculum, systems, instructional practices, and support services[190] - The average duration of agreements for the school-as-a-service offering is greater than five years, with most providing for automatic renewals[173] Diversity and Inclusion - The company is committed to promoting diversity and inclusion, with a leadership team that includes more minorities and women than the representative population[178] Graduation Rates - The company graduated 13,435 high school students in the most recent academic year ended June 30, 2023[167]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33883 Stride, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33883 Stride, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employ ...