Core Insights - Nerdy, Inc.'s Varsity Tutors for Schools has partnered with Trinity Lutheran School to provide free access to its platform for students until June 30, 2030 [1][2] - The platform offers a range of interactive study tools and resources to support students across various school districts [2][3] Company Overview - Varsity Tutors for Schools is utilized by over 500 school districts in the U.S., aiming to bridge learning gaps and enhance classroom education [3] - The platform allows students to access tutoring services 24/7, take practice tests, and follow personalized lesson plans [4] Business Performance - In Q1 2024, Nerdy's institutional business achieved record revenues of $11.9 million, representing a 39% year-over-year increase [6] - Bookings for the quarter were $4.4 million, reflecting the company's efforts to integrate the Varsity Tutors platform and expand its sales team [6] User Growth - The company has expanded access to Varsity Tutors for an additional 1.2 million students, totaling 2.2 million students across 475 school districts [7] - The goal for the year is to provide access for 10 million students, which is nearly 20% of the K-12 population in the U.S. [7] Strategic Initiatives - Nerdy is focusing on platform scalability and a freemium upsell approach to build trust with new partners [5] - The company has merged subscription models and access-based products to create a unified experience for users, extending beyond K-12 education [10]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________ (Mark One) For the transition period from _______ to _______ Commission File Number: 1-39595 NERDY INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 8001 Forsyth Blvd., Suite 1050 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Exhibit 99.1 In the first quarter, we executed against the three primary goals we laid out for the year, including: (1) scaling the winning product for every Learner; (2) expanding the number of Learners we can impact by introducing freemium strategies across both our Consumer and Institutional offerings, and (3) laying the foundation to deliver profitable growth for the full year. The convergence of subscription business models and access-based products across Consumer and Institutional is allowing us to u ...

Nerdy, Inc.'s (NRDY) leading live online tutoring platform, Varsity Tutors for Schools, inks a partnership with Prague High School to provide all students with access to the platform at no cost.The collaboration aims to provide additional learning resources, including interactive study tools and live online tutoring, to support students' academic growth. Prague High School students and families will gain immediate access to the platform, which is available until June 2030.Varsity Tutors for Schools offers d ...

Poca Wander Stock/iStock via Getty Images Elevator Pitch I have a Buy rating for Nerdy, Inc. (NYSE:NRDY) stock. Previously, I touched on NRDY's financial prospects for the long run with my prior November 1, 2023 update. My current write-up draws attention to Nerdy's institutional business segment and the positive impact of AI on the company's margins. I think that NRDY is well-positioned for sustained revenue growth and profitability improvement, considering the favorable outlook for its institutional busin ...

In most situations, you want to stay on the tried-and-true approach, which leaves little room for speculative stocks. You can consider this arena as the equivalent to the longball approach in (American) football. Such plays make the highlight reels but they also have a greater chance of ending in disaster.So, balanced teams – the type that win championships – feature strengths in both the running and passing components. However, in some situations, teams find themselves forced to go the passing route. In su ...

Nerdy, Inc.'s (NRDY) leading live online tutoring platform, Varsity Tutors for Schools, announces a partnership with Rossville Consolidated School District. The collaboration aims to provide all district students or families with access to the platform at no cost.The comprehensive platform offers on-demand learning resources to assist students whenever needed, including interactive study tools, collaborative workspaces and dynamic learning resources.NRDY provides students with the opportunity to consult wit ...

ST. LOUIS--(BUSINESS WIRE)--Summer is still three months away, but families are already making plans for kids to attend summer camp. Varsity Tutors, a Nerdy company, today unveiled its 2024 summer programming with an emphasis on accelerating students toward their academic goals. “There is a frenetic pace to the school year, requiring lots of students to give their full effort just to keep up,” said Varsity Tutors’ Chief Academic Officer, Brian Galvin. “Summer is an opportunity to not just catch up, but f ...

Nerdy Inc. (NRDY) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. 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 54.55%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.13, delivering a surprise of 31.58%.Over the last four quarters, the company has surpass ...

Exhibit 99.1 Q4 | 2023 Earnings Release A Note to Our Shareholders We started 2023 with three primary goals that included: | Scaling 'Always On' | | --- | | access-based subscription revenue products | | Driving profitability | | Leveraging AI for HI® - | Artificial Intelligence for Human Interaction to transform how people learn Year in Review I'm proud of the Nerdy team for delivering against all three of these commitments, which were accomplished through tight execution against ambitious initiatives in b ...