Universal Technical Institute (UTI) FY Conference June 11, 2025 01:20 PM ET Speaker0 It started. Thanks you all for coming out. Universal Technical Institute. This is a company that I think has done our conference maybe two or three years. We've been really hot on the thesis of educational services companies. We have a couple more here today. In Chicago, I think there's a couple of more that'll be there in Chicago and more guys will talk to you about maybe coming out to Chicago. But we really like this them ...

Core Viewpoint - The establishment of the Greater Bay Area University aims to enhance higher education and innovation in the Guangdong-Hong Kong-Macau Greater Bay Area, focusing on cultivating high-level innovative talents and aligning educational development with economic modernization [1][5][11]. Group 1: University Establishment and Structure - The Greater Bay Area University is a public high-level research university initiated by the Guangdong provincial government and the Dongguan municipal government, with construction starting in 2021 and the first campus expected to be completed by 2024 [1][6][7]. - The university will have two campuses: the Songshan Lake campus and the Binhai Bay campus, with a total investment of approximately 10 billion yuan and a total area of 2,356 acres [6][9]. - The university plans to enroll 10,000 undergraduate students by 2030, with a balanced ratio of undergraduate to graduate students [1][5]. Group 2: Academic Programs and Collaboration - The initial undergraduate programs include Mathematics, Physics, Computer Science, Materials Science, and Industrial Engineering, with a flexible major selection process for students [2][3]. - The university has established partnerships with several prestigious institutions for joint training of over 100 master's and doctoral students, enhancing its academic collaboration [2][12]. - The focus will be on six key areas: material science, advanced engineering, life sciences, information science and technology, mathematics, and financial management, to meet the demands of future technological innovation [9][11]. Group 3: Research and Development Focus - The university aims to conduct cutting-edge research aligned with industry needs, fostering collaboration between education, technology, and talent development [9][11]. - It has established research centers and platforms in various fields, including intelligent computing and robotics, to support innovative research and development [12][13]. - The university's approach emphasizes international perspectives in talent cultivation, with over 96% of faculty having overseas experience [12][15]. Group 4: Talent Recruitment and Development - The university is actively recruiting high-caliber faculty, offering competitive compensation and long-term career development plans to attract talent [13][15]. - Recruitment efforts include participation in talent fairs and partnerships with leading tech companies to ensure alignment with local industry needs [13][14]. - The focus on high-level talent recruitment is aimed at building a strong faculty team that can drive innovation and research excellence [13][15].

Core Insights - Treatment.com AI Inc. has launched its latest Medical Education Suite (MES), an AI-powered platform aimed at enhancing clinical skills assessment in medical education [1][7] - The University of Minnesota Medical School has successfully deployed the MES with over 240 third-year medical students, marking a significant step in the integration of AI in medical training [2][4] Company Overview - Treatment.com AI utilizes artificial intelligence and clinical expertise to address inefficiencies in the healthcare sector, developing the Global Library of Medicine (GLM) to support healthcare professionals [9] - The MES is designed to provide scalable, rigorous, and cost-effective Objective Structured Clinical Examinations (OSCEs), improving the educational experience for medical students [1][3] Deployment and Features - The MES was implemented seamlessly into the University of Minnesota's existing OSCE workflow, demonstrating complete technical reliability during deployment [2][4] - Key features of the MES include AI-simulated patients, real-time scoring, and automated feedback, which enhance the objectivity and consistency of student evaluations [4][8] Cost Efficiency - The University of Minnesota reported approximately 40% cost savings in administrative expenses due to the implementation of the MES [8][7] - The platform aims to reduce faculty preparation and administrative workload while aligning evaluations with clinical learning objectives [8][4] Future Prospects - Treatment.com AI is actively engaging with various educational institutions to expand the MES offering across North America, the UK, and other international markets [6][7] - Preliminary results regarding the accuracy and precision of the GLM as applied in the MES were presented at the AAMC's 2025 Group on Information Resources meeting, with further scientific publications in preparation [5][7]

Core Viewpoint - The establishment of the Greater Bay Area University is a significant strategic initiative to implement the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline" [1] Group 1: University Overview - Greater Bay Area University is a public higher education institution primarily funded by the Dongguan municipal government and hosted by the Guangdong provincial government [1] - The university aims to become a new type of research university with international standards, focusing on science and engineering, and is designed to lead future technological development, industrial upgrades, and social progress [1] Group 2: Educational Structure - The university will offer full-time undergraduate and graduate education, with a goal of reaching approximately 10,000 enrolled students by 2030, maintaining a ratio of 1:1 between undergraduate and graduate students [1] - For undergraduate programs, the initial five majors include Mathematics and Applied Mathematics, Physics, Computer Science and Technology, Materials Science and Engineering, and Industrial Engineering, with a focus on differentiated talent cultivation plans [2] Group 3: Collaborative Programs - The university has initiated joint training programs for over 100 master's and doctoral students in collaboration with institutions such as Sun Yat-sen University and Harbin Institute of Technology (Shenzhen) [2] - Ongoing efforts are being made to collaborate with other universities for doctoral training, including Peking University and the University of Hong Kong [2] Group 4: Campus Development - The university's campus is planned as "one university, two zones," covering a total area of approximately 2,356 acres with a total construction area of about 1 million square meters [2] - The Songshan Lake campus will focus on large scientific facilities and new research institutions, while the Binhai Bay campus will support undergraduate and graduate training, industry-academia collaboration, and international cooperation [2]

Financial Data and Key Metrics Changes - The company reported net revenues of RMB 21.7 million for Q1 2025, a 15% decrease from RMB 25.5 million in Q1 2024, primarily due to reduced revenues from district-level projects as resources were reallocated to school-based subscription models [7][14][17] - Gross margin for Q1 2025 was 36.2%, down from 38.4% in Q1 2024 [15] - The net loss on a GAAP basis for Q1 2025 was RMB 30.9 million, a significant decrease of 44.8% from RMB 56.1 million in Q1 2024 [15][19] - Adjusted net loss (non-GAAP) for Q1 2025 was RMB 22.4 million, down 47.5% from RMB 42.7 million in Q1 2024 [15][20] Business Line Data and Key Metrics Changes - The SaaS subscriptions business saw growth as more educational organizations adopted AI-powered solutions, leading to a strong retention rate and increased adoption of value-added offerings [7][10] - The district-level teaching and learning staff business remained steady, contributing significantly to revenue recognition [8][10] Market Data and Key Metrics Changes - The company experienced heightened demand for its offerings in partner schools, reflected in a higher retention rate, with over 90% of renewal customers opting to continue their subscriptions [11] Company Strategy and Development Direction - The company is focusing on AI-powered product upgrades to enhance teaching and learning efficiency, aiming to transform education services from knowledge transmission to competency development [7][10] - Strategic market penetration is prioritized through diversified distribution methods and collaborations, aligning product development with emerging educational trends [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term sustainability of the business, emphasizing the importance of operational efficiency and strategic decision-making [8] - The company aims to maintain growth momentum while enhancing operational efficiency and driving long-term stable development [24] Other Important Information - The company welcomed Mr. Rui Jia as an independent director and appointed Ms. Sushu Zhou as the acting Chief Financial Officer, highlighting their extensive experience in fintech and education sectors [21][22] - The company has cash reserves of RMB 333.3 million as of March 31, 2025, down from RMB 359.3 million as of December 31, 2024 [15][21] Q&A Session Summary - No questions were raised during the Q&A session, indicating a lack of immediate inquiries from participants [25]

Core Insights - The Summer Ignite program aims to address workforce demand in the transportation and automotive repair industries by providing hands-on training and insights into the field [2][3] - The program allows students to earn transfer credits towards future UTI programs, thereby reducing their educational costs [2] - The partnership between Universal Technical Institute (UTI) and NAPA has been ongoing since 2021, focusing on supporting careers in transportation and aftermarket auto repair [4] Company Overview - Universal Technical Institute, Inc. (UTI) is a leading workforce solutions provider founded in 1965, offering education and support services for in-demand careers through its UTI and Concorde Career Colleges divisions [7] - UTI operates 15 campuses across nine states, providing a variety of training programs in transportation, skilled trades, electrical, and energy sectors [7] - NAPA has the largest network of auto parts stores and auto care centers in the U.S., with nearly 6,000 stores and over 16,000 service centers, supported by approximately 800,000 available parts [9] Program Details - The Summer Ignite program consists of a three-week hands-on training session designed to expose students to technology-driven transportation careers [3][4] - Applications for the program are currently open, with sessions scheduled at various UTI campuses starting from June 2, 2025, to July 23, 2025 [8] - NAPA provides three uniform shirts free of charge to all Summer Ignite students, enhancing the program's appeal [4] Industry Context - The demand for skilled automotive technicians remains high, with the program targeting Gen Z students who are exploring educational paths outside traditional four-year degrees [3][5] - The initiative is seen as a valuable opportunity for young people to gain practical experience and potentially pursue careers in the automotive field [5]

21世纪经济报道记者王峰 北京报道 6月9日，中办、国办印发《关于进一步保障和改善民生着力解决群众急难愁盼 的意见》（下称《意见》）。6月10日，国新办举行新闻发布会，介绍进一步保障和改善民生有关政策情况。 当前全国各学段教育学龄人口在规模和结构上正在发生一些新变化，对优质教育资源供给提出了更高要求，《意 见》在推动教育资源扩优提质方面有哪些新部署？ 教育部发展规划司司长郭鹏在发布会上回答21世纪经济报道记者提问时表示，在基础教育领域，将聚焦扩大总 量、提高质量、促进公平，进一步完善与人口变化相适应的教育资源统筹调配机制；在高等教育领域，将从改善 条件、优化结构、产教融合三个方面推动高等教育提质扩容。 紧盯高中学位不足突出问题 2023年7月，教育部等三部委印发《关于实施新时代基础教育扩优提质行动计划的意见》，提出"到2027年，适应 新型城镇化发展和学龄人口变化趋势的城乡中小学幼儿园学位供给调整机制基本建立"。 2025年1月，中共中央、国务院《教育强国建设规划纲要（2024－2035年）》强调"深入实施基础教育扩优提质工 程"。 此次《意见》再次强调"实施基础教育扩优提质行动计划"。 郭鹏在回答21世纪经 ...

Key Takeaways LRN stock has outpaced CHGG year to date, supported by strong enrollment growth and revenue momentum. Free AI tools are challenging Chegg paid subscription model, pressuring growth and market share. Stride trades at a premium P/S ratio than Chegg, indicating strong investor confidence and market potential.The online education space continues to evolve as digital learning becomes an increasingly mainstream option for students of all ages. Among the key players in this arena are Stride, Inc. ( ...

Financial Data and Key Metrics Changes - First quarter gross billings increased by 74.6% compared to the same period last year, reaching US$21.9 million [5][9] - Net revenues for the first quarter were US$18.2 million, a 93.1% increase from the same quarter last year [8][9] - Gross margin for the first quarter was 77% [9] - Operating loss for Q1 was US$1.3 million, while net loss attributable to ordinary shareholders was US$1.5 million, a 63.2% decrease from the same quarter last year [10] Business Line Data and Key Metrics Changes - Q1 sales and marketing expenses were US$11.1 million, a 42.7% increase from the same quarter last year due to higher personnel costs and marketing activities [10] - Product development expenses for Q1 were US$1 million, a 9.8% increase from the same quarter last year [10] - General and administrative expenses for Q1 were US$3.2 million, a 23.8% increase from the same quarter last year [10] Market Data and Key Metrics Changes - The company is establishing leadership positions in many core markets and is seeing promising early returns from strategic investments in new regions [6] Company Strategy and Development Direction - The company is focused on optimizing its organizational structure, accelerating AI training and adoption, and deepening user engagement [6][7] - The management is confident in the sustainable growth trajectory and believes the business model is well-equipped to outperform incumbents in mature markets [6] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive momentum for the second quarter and highlighted breakthroughs in existing markets [6] - The company expects net gross billings for the second quarter of 2025 to be between US$24.5 million and US$25.5 million [11] Other Important Information - Total cash, cash equivalents, and time deposits were US$29.5 million at the end of the first quarter [10] - Advances from students were US$47.9 million at the end of the first quarter [10] Q&A Session Summary Question: No questions were raised during the Q&A session - There were no questions at this time, and the conference call concluded without any inquiries [12]

Financial Data and Key Metrics Changes - First quarter gross billings increased by 74.6% compared to the same period last year, reaching US$21.9 million [7][10] - Net revenues for the first quarter were US$18.2 million, a 93.1% increase from the same quarter last year, driven by an increase in active students and lesson consumption [10] - Gross margin for the first quarter was 77% [10] - Operating expenses for Q1 were US$15.3 million, a 35.6% increase year-over-year [11] - The operating loss for Q1 was US$1.3 million, while the net loss attributable to ordinary shareholders was US$1.5 million, a 63.2% decrease from the same quarter last year [12] - Total cash, cash equivalents, and time deposits at the end of Q1 were US$29.5 million [12] Business Line Data and Key Metrics Changes - Sales and marketing expenses in Q1 were US$11.1 million, a 42.7% increase from the same quarter last year due to higher personnel costs and marketing activities [11] - Product development expenses for Q1 were US$1 million, a 9.8% increase year-over-year [12] - General and administrative expenses in Q1 were US$3.2 million, a 23.8% increase compared to the same quarter last year [12] Market Data and Key Metrics Changes - The company is seeing promising early returns from strategic investments in new regions, indicating positive momentum in the second quarter [8] - The outlook for Q2 2025 expects net gross billings to be between US$24.5 million and US$25.5 million, based on current market conditions [13] Company Strategy and Development Direction - The company is focused on optimizing its organizational structure and accelerating AI training and adoption across the company [8] - There is a commitment to deepen user engagement and foster stronger connections with the community [8] - The company aims to establish leadership positions in core markets and outperform incumbents in mature markets while leveraging advantages in emerging markets [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainable growth trajectory of operations and highlighted the robustness of the business model [7] - The company is proactively addressing the complexities of managing a growing multi-market business [8] Other Important Information - The earnings press release includes discussions of unaudited GAAP financial information and unaudited non-GAAP financial measures, with reconciliations provided [5] Q&A Session Summary - There were no questions during the Q&A session [15]