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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.
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Stride, Inc. has opened enrollment for the 2022-2023 school year for its new online faith-based education option, FaithPrep California, in California. This K-12 program utilizes Stride's comprehensive learning platform, focusing on core subjects with Christian values. A recent survey revealed that 66% of Christian parents are concerned about educational quality and 43% find public education misaligned with their values. Stride aims to enhance students' academic and character development while offering live sessions and in-person activities at Faith Centers.
Stride, Inc. (NYSE:LRN) announces the opening of FaithPrep Florida, a new online, faith-based K-12 education option for students in Florida. As families seek quality education that aligns with their values, a recent study indicates that 66% of Christian parents are dissatisfied with public schooling. FaithPrep Florida offers a curriculum emphasizing core subjects and character development through Christian teachings. The program aims to provide a comprehensive online education experience, reinforcing Stride's commitment to personalized learning.
Stride, Inc. has launched the Entrepreneurship Resource Center for High School Students, providing essential tools and guidance for young entrepreneurs. The resource center includes tips, success stories, and access to the Gen Z Entrepreneurship Guide, aimed at enhancing real-world skills such as communication and problem-solving. The initiative addresses the growing entrepreneurial spirit among Gen Z, with 62% indicating intentions to start their own businesses. Stride's program integrates academic learning with real-world applications, ultimately preparing students for career success and potential college credit.
Stride, Inc. has announced the opening of enrollment for the 2022-2023 school year for FaithPrep Academy, a new online private, faith-based educational option designed for K-12 students. This program utilizes Stride's comprehensive learning platform, focusing on Christian character building. A recent study revealed that 66% of Christian parents are concerned about education quality, prompting demand for alternatives like FaithPrep. The school will offer a full curriculum across core subjects and career-oriented pathways, along with unique programs like Servant Learner™ for life skills development.
University of Phoenix has partnered with MedCerts, a Stride, Inc. company (NYSE: LRN), to enhance educational pathways in healthcare and IT. This collaboration aims to address workforce shortages by providing accessible certification training and degree opportunities. MedCerts offers various short-term certification programs, while the University provides a range of degree options. Key benefits include potential transfer credits for MedCerts courses, waived PLA fees, and a supportive pathway for learners to advance their education.
Tech Elevator has partnered with Niantic to offer a scholarship program aimed at 20 underrepresented individuals in the San Francisco Bay, Los Angeles, and Seattle areas. Recipients will receive a tuition-free coding bootcamp lasting 14 weeks, leading to a potential six-month apprenticeship at Niantic or with Tech Elevator's hiring partners. Applications are currently open for a program start on October 24, 2022. The initiative is part of a broader commitment to increase inclusivity within the tech workforce.
Stride, Inc. (NYSE: LRN) reported fiscal 2022 results showing strong performance with revenues of $1.69 billion, a 9.8% increase from the previous year. Career Learning segments saw remarkable growth, with a 60% rise in revenue, surpassing $400 million. Income from operations rose 41.8% to $156.6 million, and net income increased 49.9% to $107.1 million with diluted earnings per share reaching $2.52. Enrollment in Career Learning surged by 41.6% year-over-year, reflecting robust demand.
Stride, Inc. (NYSE: LRN) announced that Dr. Craig R. Barrett has been elected Chairman of the Board, succeeding Nathaniel A. Davis, who is retiring after 13 years. Under Davis's leadership, Stride improved student outcomes and achieved over $1.5 billion in annual revenue. The company also expanded its career learning business, serving over 42,000 students, a 36% growth year-over-year. Dr. Barrett, who joined the Board in 2010, expressed excitement for Stride's potential and commitment to innovation and shareholder value.
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