Financial Data and Key Metrics Changes - Revenue for Q1 FY 2025 was 551.1million,representinga1558.4 million, up 295% year-over-year [7][11] - Diluted earnings per share rose to 0.94,anincreaseof0.83 from the previous year [7][11] - Gross margin improved to 39.2%, up 320 basis points from last year [9] Business Line Data and Key Metrics Changes - Career Learning revenue was 198.9million,upmorethan30329.4 million, with enrollment growth of 11.3% to 130,900 students [8] - Adult Learning revenue decreased to 22.8million,downfromthepreviousyear[9]MarketDataandKeyMetricsChanges−Totalenrollmentsforthequarterexceeded222,000,almost100,000morethanpre−pandemiclevelsinFY2020[7]−Recordenrollmentswerereportedwithan18.514.8 million, down 1.3millionfromlastyear[11]−Freecashflowwasnegative156.8 million, consistent with seasonal trends related to school launches [11] Q&A Session Summary Question: Drivers of strong demand and record enrollment - Management indicated that the demand was broad-based, with strong organic growth and word-of-mouth referrals contributing significantly [13] Question: Impact of ESSER funding on revenue and profit - Management stated that the revenue impact from ESSER funding last year was less than 3%, with no significant profit impact [18][19] Question: Future enrollment growth expectations - Management noted that strong demand continues, and while they are not guiding for a specific increase, they are optimistic about maintaining growth [35] Question: State expansion plans - Management confirmed ongoing efforts to expand into new states, although no immediate updates were provided for the current fiscal year [41][42]
Stride(LRN)2024-10-22 21:51