Welcome to our dedicated page for Instructure news (Ticker: INST), a resource for investors and traders seeking the latest updates and insights on Instructure stock.
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.
On January 25, 2022, Instructure released its inaugural research on K-12 assessment, revealing that 81% of educators are concerned about the anxiety caused by summative assessments. The report showed that while 94% of educators use formative assessments, 84% are creating their own assessments, indicating a significant workload. Key findings suggest a shift towards a balanced approach to assessments is needed, highlighting technology and training as essential for effective implementation. The study surveyed 1,058 educators across the U.S., pointing to a crucial moment for evolving assessment methods in education.
Instructure Holdings will report its financial results for Q4 and the fiscal year ending December 31, 2021, on February 17, 2022, after market close. A conference call is scheduled for 3:00 PM MT (5:00 PM ET) on the same day to discuss the results. Investors can access the call via phone or by visiting Instructure's investor relations webpage. The company supports over 30 million educators and learners across 6,000 organizations globally, emphasizing its commitment to enhancing educational outcomes.
Instructure Holdings announced that its CEO, Steve Daly, and CFO, Dale Bowen, will present at the Raymond James Technology Investors Conference on December 8, 2021, at 1:20 p.m. ET. The presentation will be available via a live webcast on the company's website, with a replay accessible for 12 months. Instructure supports over 30 million educators and learners worldwide through its Canvas Learning Management System, serving more than 6,000 organizations.
Instructure Holdings, Inc. (NYSE: INST) has announced its acquisition of Kimono, a leader in cloud-based data integration for education. This strategic move will enhance Instructure's Learning Platform by rebranding Kimono's solution as Elevate Data Sync, facilitating secure syncing of educational data across various applications. With a client base of 27,000 schools and 16 million students, this acquisition aims to improve data interoperability and broaden integration capabilities within education systems.
Instructure Holdings reported strong Q3 results for the period ending September 30, 2021, with GAAP revenue of $107.2 million, up 31% year-over-year, and Allocated Combined Receipts of $108.6 million, a 24% increase. Despite an operating loss of $5.0 million, the company achieved Non-GAAP operating income of $40.4 million (37.2% of receipts). The financial outlook for Q4 and full year 2021 remains positive with revenue guidance between $106.9 million to $107.9 million for Q4 and $401.7 million to $402.7 million for the full year.
On November 2, 2021, Instructure announced that Miami Dade College (MDC) has selected Canvas as its new learning management system. This collaboration aims to enhance student success and completion through accessible educational technology. MDC, with a diverse student body of over 120,000 across eight campuses, seeks a robust, mobile-friendly LMS that supports multilingual users. Canvas offers a user-friendly platform designed to improve teaching and learning experiences, solidifying its position as a leader in higher education technology.
Instructure Holdings, Inc. (NYSE: INST) will report its third-quarter financial results for the period ending September 30, 2021, on November 8, 2021, after market close. A conference call is scheduled for 3:00 p.m. MT (5:00 p.m. ET) on the same day to discuss the results. Interested parties can join the call by dialing the provided numbers or accessing the live webcast on their investor relations page. Instructure supports over 30 million educators and learners across more than 6,000 organizations globally.
Instructure has launched Impact by Instructure for K-12 institutions, expanding its previous offering for higher education. This tool, initially announced in July after the acquisition of EesySoft, assists educators in adopting educational technologies effectively. Impact provides insights into user engagement with Canvas LMS, customizable messaging, in-app guidance, and measurement of intervention effectiveness. This solution aims to enhance teaching efficiency and student outcomes.
Instructure announced the launch of the Grit Lab 101 course, designed by best-selling author Angela Duckworth, exclusively for high school students on the Canvas LMS. This new course builds on the success of the original Grit Lab course for college students and focuses on fostering passion and perseverance in students. Currently in pilot at select U.S. schools, Grit Lab 101 aims to provide actionable insights into the science of grit. The initiative was highlighted during InstructureCon 2021, where Duckworth spoke about the course's relevance to students' lives.
On October 7, 2021, Instructure announced key updates to its Learning Platform during InstructureCon. Canvas LMS enhances user experience for 30 million educators and students across 70 countries. Notable features include redesigned Discussions for better interaction, improved Canvas for Elementary to support young learners, customizable Course Templates, and enhanced Canvas Studio with Chromebook support. Additionally, Impact by Instructure for K-12 launches on October 18, aimed at optimizing educational tool usage. These innovations demonstrate Instructure's commitment to enhancing education and maximizing technology effectiveness.