Stride, Inc. reports developments tied to its technology-based education business, including financial results, earnings calls, and enrollment activity for online public and private school programs. The company operates through K12, a portfolio brand that powers virtual public schools, accredited homeschool curriculum, personalized tutoring, and related learning options.
Recurring company updates include state-by-state enrollment openings for tuition-free virtual public schools, teacher-led online instruction, career and technical education pathways, academic support programs, and high school diploma options. News also covers revenue, operating income, adjusted measures, enrollment definitions, and fiscal-year outlooks for Stride’s education platform.
Indiana Wesleyan University (IWU) has partnered with MedCerts to provide online certification training in healthcare and IT to its students. This initiative aims to address the healthcare worker shortage in Indiana, which is projected to need approximately 5,000 nurses by 2031. IWU is offering several in-demand programs such as Medical Assistant, Pharmacy Technician, and Medical Billing Specialist. This program is part of IWU's Talent Ladder platform, enhancing job-aligned training and potentially offering university credit for successful participants. The partnership aims to enhance student career success in a critical labor market.
Stride, Inc. announces that nearly 50,000 Arizona students are now utilizing the state’s Empowerment Scholarship Account (ESA) program to access private education at no cost. Two online private schools, Grand Canyon Private Academy and FaithPrep Arizona, are now accepting enrollments for the 2023-2024 school year. These schools provide individualized curricula for students, allowing them to earn an education tailored to their needs. The ESA program offers approximately $7,000 per student, covering full tuition and materials. This initiative promotes equal access to quality education across urban and rural areas in Arizona.
Stride, Inc. (LRN) has partnered with MedCerts to provide eligible individuals with healthcare certifications and degree credits towards a org value="ACORN:1923317757"Trine University degree. This collaboration addresses healthcare workforce shortages, particularly the need for 5,000 nurses in Indiana by 2031. Students can earn industry-recognized certifications and receive up to 12 college credits, potentially saving over $6,000 in tuition costs. With over 50,000 trained in its programs, MedCerts emphasizes innovative eLearning solutions to strengthen the workforce in high-demand areas.
Stride, Inc. (NYSE: LRN) expands its educational offerings through a partnership with Never Whisper Justice, integrating film and documentary content into its curriculum to promote critical discussions on social justice and racial equity. This initiative aims to enhance learning experiences by incorporating digital media, providing teachers with ready-made materials to engage diverse student backgrounds. Stride continues to emphasize its commitment to educational equity with a $10 million investment in scholarships for underserved students. The new curriculum aligns with Stride’s broader goals of fostering inclusion in education.
The Jacobson Institute at Grand View University has partnered with MedCerts to enhance training and upskilling opportunities, addressing workforce demands. Individuals can complete a MedCerts certification program in as little as three months, leading to jobs in healthcare, IT, or business. With over 50% of current workforces needing reskilling, this partnership aims to create talent pipelines, connecting learners to employers. Dr. Lynn Burks, Executive Director of the Jacobson Institute, emphasized the importance of skills-based training. This collaboration aligns with Stride Inc.'s goal of enhancing workforce readiness through innovative education.
Maine Virtual Academy (MEVA) is now accepting enrollments for the 2023-2024 school year, offering tuition-free online education for grades 7-12 to Maine residents. MEVA is recognized by the Maine Charter School Commission and is staffed by licensed teachers. The academy promotes a personalized learning experience, addressing diverse student needs with a rich curriculum and ample support services, such as regular team meetings and on-demand tutoring. The school aims to create a safe, bullying-free environment while accommodating students' individual academic goals. More details are available on the school’s website.
Stride, Inc. (NYSE: LRN) announces a partnership between MedCerts and American College of Education (ACE) to offer college credit for MedCerts graduates. This collaboration allows MedCerts students to convert their certification courses into credits toward a four-year degree. More than 30 certifications are eligible, aiding pathways into in-demand fields such as registered nursing and healthcare administration. ACE, recognized as the #2 online college in America by Newsweek, emphasizes its commitment to creating career advancement opportunities. Graduates also gain access to ACE's affordable, accredited programs online.
Stride, Inc. (NYSE: LRN) reported strong second quarter fiscal 2023 results, boasting revenues of $458.4 million, up 11.9% from last year. The company achieved a net income of $50.7 million, reflecting a 20.7% increase year-over-year, with a diluted net income per share of $1.19. Enrollment stands at over 180,000, fueled by growth in Adult Learning and Career Learning segments. However, the six-month performance showed a drop in income and adjusted operating income compared to the previous year. The company raised its fiscal year 2023 revenue outlook to between $1.775 billion and $1.815 billion.
Stride, Inc. (NYSE: LRN) has launched Stride Tutoring, a national online tutoring platform aimed at addressing learning loss among students in grades 7-12. With all tutors being state-certified teachers, Stride Tutoring offers personalized, one-on-one academic support accessible from any location. The initiative seeks to counteract the educational impacts caused by the pandemic, which could lead to significant long-term financial losses in student performance. The platform allows for recurring sessions and includes features for schools to implement high-dosage tutoring during the school day.
Stride, Inc. (NYSE: LRN) has partnered with Southern New Hampshire University (SNHU) to offer a 20% discount on tuition for graduates of K12-powered schools. This initiative aims to alleviate the burden of student debt, currently over $1.7 trillion in the U.S. The partnership builds on a longstanding relationship, enhancing online educational pathways for eligible high school graduates. SNHU, serving over 170,000 students, offers more than 200 programs, focusing on affordability and accessibility in higher education.