Instructure Stock Price, News & Analysis

On February 23, 2023, Instructure Holdings, Inc. (NYSE: INST) announced that its management team will be presenting at two upcoming investor conferences:

• Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at 11:20 a.m. PT.
• Jefferies Virtual Online Education/e-Learning Summit on March 14, 2023, at 10:00 a.m. ET.

Live webcasts of these presentations can be accessed on Instructure's investor relations website, where archived replays will also be available for a limited time. Instructure aims to enhance student success through its learning platform, which supports millions of educators and learners globally.

Instructure Holdings reported fourth quarter GAAP revenue of $124.7 million, marking a 12.8% increase year-over-year. For the fiscal year 2022, GAAP revenue reached $475.2 million, a 17.2% growth. Despite these revenue gains, the company recorded a net loss of $34.2 million and an operating loss of $16.5 million for the year. Adjusted EBITDA was $179.6 million for 2022. Looking ahead, Instructure expects first quarter 2023 revenue between $126.5 million and $127.5 million and full-year revenue guidance of $519.4 million to $523.4 million.

Instructure, the company behind the Canvas Learning Management System, announced that Jack Jackson, Vice President of Global Channels, has been recognized as a 2023 CRN Channel Chief. This honor highlights top IT executives who drive successful channel partner strategies. Jackson, honored for two consecutive years, has spearheaded the launch of Instructure's channel partner program in 2021, designed to reach new customers globally and enhance the accessibility of their offerings. CEO Steve Daly praised Jackson's leadership for supporting international expansion and improving educational access. The 2023 Channel Chiefs list will appear in the February issue of CRN Magazine.

Instructure Holdings, Inc. (NYSE: INST) will release its financial results for the fourth quarter and fiscal year ending December 31, 2022, on February 13, 2023, after market close. A conference call is scheduled for the same day at 3:00 PM MT (5:00 PM ET) to discuss these results. Stakeholders can access the call by dialing the provided numbers or through a live webcast on Instructure's investor relations page. The company is recognized for its Canvas Learning Management System, supporting millions of educators and learners globally.

Instructure has appointed Chris Ball as its new President and Chief Operating Officer, effective January 9, 2023. He will lead the company's go-to-market strategy, marketing, sales, and customer experience, focusing on accelerating growth and enhancing efficiency. Ball brings 28 years of experience, most recently at Adobe, where he contributed to over $12.5B in annual revenues. The current Chief Revenue Officer, Frank Maylett, plans to step down although a departure date is yet to be announced. This leadership change aims to strengthen Instructure's position in the education technology sector.

Instructure (NYSE: INST) has completed the acquisition of LearnPlatform, enhancing its Learning Platform with technology that helps educators evaluate digital tools effectively. This strategic move aims to provide real-time insights into learning product effectiveness, benefiting schools and universities. The acquisition reflects Instructure's commitment to building an integrated education platform. LearnPlatform, based in North Carolina, supports over 10,000 EduApp providers and strengthens Instructure's partner ecosystem of over 600.

Instructure Holdings, Inc. (NYSE: INST) announced that its CEO Steve Daly, CFO Dale Bowen, and Chief Strategy Officer Mitch Benson will present at the Raymond James Technology Investors Conference on December 5, 2022, at 2:15 p.m. ET. The event will be accessible via live webcast, with a replay available shortly after on their website. Instructure is a leading education technology company focused on enhancing student success and supporting millions of educators globally.

Instructure reported GAAP revenue of $122.4 million in Q3 2022, marking a 14.2% year-over-year increase. Despite an operating loss of $2.4 million, the company posted an Adjusted EBITDA of $47.6 million. Cash flow from operations reached $179.9 million. Instructure signed significant contracts, with 33% of K12 districts now using Canvas. For Q4 2022, revenue is projected between $120.7 million and $121.7 million, while full-year revenue is expected to range from $471.2 million to $472.2 million.