Nerdy (NRDY)

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Nerdy (NRDY) - 2024 Q3 - Quarterly Results
2024-11-07 21:06
Exhibit 99.1 nerdy Q3 | 2024 Earnings Release We Found Your Best Match > My Tutor RX: Request Finding the best motch Confirming ovallability Tutor matched @ Varily Tato 8 @ .. * .. x m Zxyz = 50' (2x)' > x = 10 30 A Note to Our Shareholders In the third quarter, we continued to make progress against the primary goals we laid out for the year, including: Scaling the winning product for every Learner: As we have shared in the past, we have historically seen that getting new customers on our platform and into ...
Nerdy: 3 Reasons To Buy This Speculative Edtech Play
Seeking Alpha· 2024-09-24 05:08
I am a value investor focused on "Sideline Activism": Finding activist situations in companies that are both undervalued to peers and are in industries seeing high levels of consolidation. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I h ...
NRDY Expands Varsity Tutors for Schools With New Partnership
ZACKS· 2024-09-04 16:41
Partnership and Market Expansion - Nerdy Inc's Varsity Tutors for Schools has partnered with The NET Charter High School - Gentilly Campus to provide live and on-demand tutoring resources at no cost through its online platform [1] - The partnership agreement extends through June 30, 2030, aiming to increase educational resources and support long-term growth for Nerdy [1] - The platform is utilized by over 500 school districts across the United States, enhancing Nerdy's market recognition and growth prospects [4] Platform Offerings and Value Proposition - Varsity Tutors for Schools offers 24/7 On-Demand Chat Tutoring, live enrichment classes, personalized learning plans, SAT/ACT prep classes, adaptive assessments, and college readiness resources [2] - The platform provides high-dosage tutoring and online learning solutions through three simple administration models, catering to a broad set of institutional and student needs [3] - The zero-cost model for K-12 schools highlights Nerdy's innovative approach to expanding its user base while delivering essential educational support [4] Financial Performance and Growth Drivers - Nerdy's shares have declined 71.4% year-to-date, underperforming the Zacks Schools industry's 2.2% decline [5] - Strong demand across consumer and institutional businesses, along with operational leverage from access-based subscription revenue models, supports future growth [5] - In Q2 2024, operational leverage from subscription revenue models significantly surpassed expenditures, facilitating the expansion of Varsity Tutors for Schools [6] Industry Comparison and Stock Performance - Royal Caribbean Cruises Ltd (RCL) has a trailing four-quarter earnings surprise of 18.5% and has rallied 61.3% in the past year, with 2024 sales and EPS expected to grow by 18.1% and 69.9%, respectively [8] - DoubleDown Interactive Co Ltd (DDI) has a trailing four-quarter earnings surprise of 22.1% and has surged 41.4% in the past year, with 2024 sales and EPS expected to increase by 12.6% and 15.8%, respectively [9] - Monarch Casino & Resort Inc (MCRI) has a trailing four-quarter negative earnings surprise of 3.5% and has risen 16.6% in the past year, with 2024 sales and EPS expected to grow by 2.3% and 10%, respectively [9]
Nerdy's (NRDY) VTS Partners With Johnson County Schools
ZACKS· 2024-08-21 17:51
Nerdy, Inc. (NRDY) , the parent company of Varsity Tutors for Schools ("VTS"), has collaborated with Johnson County Schools to offer free access to the Varsity Tutors for Schools platform to all district students. This collaboration, which extends through June 2030, underscores Nerdy's commitment to revolutionizing education through technology and solidifies its position as a leader in the online learning space. The platform's diverse offerings — ranging from 24/7 On-Demand Chat Tutoring and Essay Reviews t ...
More Than $9M Bet On Nerdy? Check Out These 3 Penny Stocks Executives Are Aggressively Buying
Benzinga· 2024-08-21 13:12
The Dow Jones index closed lower by more than 50 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Zomedica The Trade: Zomedica Corp. ZOM COO Anthony K Blair bought ...
Nerdy (NRDY) - 2024 Q2 - Earnings Call Transcript
2024-08-11 06:07
Nerdy, Inc. (NYSE:NRDY) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants T.J. Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Ryan MacDonald - Needham Andrew Boone - JMP Securities Greg Gibas - Northland Securities Operator Good afternoon. Thank you for attending today’s Nerdy Inc. Q2 2024 Earnings Call. My name is Matt, and I’ll your moderator for today’s call. [Operator Instru ...
Nerdy Inc. (NRDY) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 22:46
Nerdy Inc. (NRDY) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.07, delivering a surprise of 36.36%. Over the last four quarters, the company has surpasse ...
Nerdy (NRDY) - 2024 Q2 - Quarterly Report
2024-08-08 20:07
Table of Contents Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share NRDY New York Stock Exchange Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☒ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECT ...
Nerdy (NRDY) - 2024 Q2 - Quarterly Results
2024-08-08 20:06
Exhibit 99.1 nerdy Q2 | 2024 Earnings Release (·) Varsity Tutors (10 + 75 ) + (VB - 13) * (VTo - VE)(VB + V3) (VIS) - (13) 315 - 16 + 5120 V8-246 Algebra SAT English Ask a Question T 7 : i A Note to Our Shareholders In the second quarter, we continued to make progress against the three primary goals we laid out for the year, including: Scaling the winning product for every Learner: We completed the convergence of all Varsity Tutors for Schools Institutional customers onto the unified Consumer experience use ...
Nerdy (NRDY) Partners With Clarendon County School District
ZACKS· 2024-07-16 16:35
Nerdy, Inc.'s (NRDY) flagship business, Varsity Tutors for Schools, has partnered with Clarendon County School District, offering the District's students free access to its Varsity Tutors for Schools online tutoring platform. This partnership will extend from the announcement date till Jun 30, 2030. Clarendon County School District students and families can avail the services of the online study platform by signing on to their Clever account or by visiting the District website. Varsity Tutors for Schools ut ...