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Instructure reports developments across its learning technology ecosystem, led by Canvas LMS for K-12, higher education and workforce learning. News commonly covers Canvas product tiers, AI-supported capabilities such as IgniteAI, migration support for institutions moving from legacy LMS platforms, and partnerships that extend the learning ecosystem.
Company updates also address Canvas Career for skills-first workforce learning, Parchment digital credentials, Mastery Predictive Assessments for K-12 districts, research on skills and lifelong learning, and partnerships serving education, workforce development and correctional learning environments.
Instructure has announced the winners of its 2022 Educator of the Year Awards during the InstructureCon 2022 conference. This program recognizes six outstanding educators across North America who have demonstrated exceptional dedication and adaptability in promoting remote learning and supporting student success. The winners range from elementary to university educators, each implementing innovative strategies and technology to enhance learning experiences. Notably, the awards emphasized adaptability in hybrid environments and inclusivity for at-risk students.
The InstructureCon 2022 conference, hosted by Instructure, took place virtually, attracting over 10,000 attendees and providing more than 50 sessions focused on education technology. Keynotes featured Simone Giertz and Adam Grant, offering insights into STEM education and motivation. The event emphasized a personalized learning experience for educators amid ongoing challenges. Future in-person conferences are planned in Denver from July 25-28, 2023. Instructure aims to enhance student success and teaching effectiveness through its platform.
Instructure announces its ongoing partnership efforts with nearly 40 edtech providers during InstructureCon 2022, including Google and Microsoft. The virtual event showcases innovations and allows educators to connect directly with partners. Notable integrations include AWS, Google for Education, and Turnitin, enhancing the educational experience. The Instructure EdTech Collective, comprising over 600 partners, fosters collaboration in the education sector. Instructure emphasizes its commitment to improving learning opportunities through strategic partnerships and an open architecture.
Instructure announced major updates to its Learning Platform at InstructureCon 2022, enhancing support for millions of educators and learners globally. Key improvements include a revamped brand architecture with solutions like Canvas, Mastery, Elevate, and Impact, aimed at optimizing educational experiences across K-12 and higher education. Notable features introduced are course pacing, assignment enhancements, and assessment analytics. These developments underscore Instructure's commitment to innovation and meeting the evolving needs of the education sector.
Instructure Holdings, Inc. (NYSE: INST) will report its second quarter financial results for 2022 on August 1, 2022, after market close. The company plans to host a conference call and webcast at 3:00 p.m. MT to discuss these results. Investors can access the call by dialing (888) 330-2384 in the U.S. and Canada. A replay will be available until August 8, 2022. Instructure focuses on enhancing education through its Canvas Learning Management System, serving millions of educators and students worldwide.
Instructure has released its 2022 State of Teaching and Learning in K-12 report highlighting ongoing challenges in education post-COVID-19. The survey reveals disparities between parent and educator perceptions of student progress, with only 27% of parents recognizing significant setbacks compared to 51% of administrators. Key findings emphasize the importance of student engagement and high-quality teaching. The report identifies six major trends, including the necessity of technology in education and a focus on educational equity. The survey collected 1,379 responses from various education stakeholders.
Instructure has appointed Shiren Vijiasingam as Chief Product Officer, effective June 20, 2022. He brings over two decades of product experience, including a successful tenure at Newsela, where he drove significant product growth. Vijiasingam will focus on advancing the Instructure Learning Platform, enhancing product adoption, and supporting the company’s mission to elevate student success. His customer-centric and data-driven approach aims to accelerate innovation in Canvas and other core products amidst a phase of expected hyper growth.
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Instructure has announced its annual virtual conference, InstructureCon 2022, scheduled for July 14th. This year’s event will feature keynotes from Simone Giertz and Adam Grant, focusing on resilience in education. Following a successful gathering of over 15,000 attendees in the previous year, this event aims to foster community among educators and edtech users. Notable partners include AWS, Microsoft, and Google, with plans for regional events in EMEA and APAC later this year. The conference seeks to enhance educator engagement through a centralized platform.
Instructure reported first quarter revenue of $113.5 million, reflecting a 21% year-over-year growth. The company's loss from operations stood at $3.7 million, with an Adjusted EBITDA of $43.6 million. Key highlights included the selection of Canvas by all 23 California State University institutions, and the acquisition of Concentric Sky. Looking ahead, the company projects second-quarter revenue between $110.2 million and $111.2 million, and full-year revenue in the range of $460.9 million to $464.9 million.