Instructure Stock Price, News & Analysis

Instructure reported a Q2 2022 GAAP revenue of $114.6 million, representing a 22% year-over-year growth, despite an operating loss of $6.6 million. Adjusted EBITDA stood at $39.8 million. The company highlighted ongoing success in its Learning Platform strategy, with significant partnerships and client acquisition including Northern Arizona University and DeKalb County Schools. Looking forward, revenue guidance for Q3 is projected between $118.5 million and $119.5 million, while annual revenue is expected to reach $464.9 million to $468.9 million.

Instructure announced that the Southern University and A&M College System has selected its Canvas LMS for all its campuses, serving over 11,000 students. This decision is based on the successful usage of Canvas at the Southern University Law Center. The transition aims to empower student success and increase accessibility. The SU System is also investing in additional Instructure solutions to enhance learning experiences. Canvas is recognized as a leading learning management system in higher education, known for its mobile accessibility and user-friendly interface.

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.