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.
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.
Instructure, a leader in education technology, announced its expanded partnerships with key edtech providers such as Canva, InSpace, K16 Solutions, and Tableau to enhance its offerings. These integrations will facilitate the creation of educational content, video communication, and data management within the Canvas Learning Management System. With over 500 partners, Instructure continues to innovate, aiming to support over 30 million educators and learners globally. The annual conference, InstructureCon, showcases these developments, highlighting the importance of community engagement in education technology.
On October 4, 2021, Instructure announced the winners of its 2021 Educator of the Year Awards during InstructureCon 2021. The awards recognize outstanding U.S. educators who excelled in adapting to remote learning and supporting student success amidst the challenges posed by the pandemic. Winners include Angela Girol, Jamie Morlock, Suzanne Denny, Rami Salahieh, Carol Stallworth, and Lucas Myers, each noted for their innovative teaching methods and commitment to student achievement. The event underscores Instructure's dedication to education technology and the importance of effective teaching.
Instructure announced its annual conference, InstructureCon 2021, scheduled for October 7, featuring keynote speakers like will.i.am and Angela Duckworth. This free virtual event aims to connect educators and edtech users globally, with an expected attendance of thousands. Following last year's success with over 20,000 participants, the conference will include networking sessions and product showcases. Instructure aims to support educators amidst ongoing challenges posed by COVID-19, providing a platform for sharing insights and best practices in education technology.
Instructure released its second annual research report on the impact of the pandemic on higher education. Key findings include a growing emphasis on student mental health, with 92% of respondents highlighting its importance for success. Career readiness remains a primary concern, with 84% prioritizing it. The study, surveying over 7,600 individuals across 18 countries, reveals that socioeconomic factors significantly impact engagement. The report aims to guide institutions in adapting to evolving definitions of success in a hybrid learning environment.