Stride Inc Stock Price, News & Analysis

Stride, Inc. (NYSE: LRN) has launched the Promising Practices Conference Series, hosting six online events aimed at affordable professional development for K-12 educators. With over 20 years of experience in virtual learning, Stride's initiative explores critical themes such as Career Readiness and Mental Health. The first event is free, followed by five additional sessions at $1.99 each. This series addresses the financial strains on teachers, who typically spend $250 annually on their own professional development.

Stride Inc. has partnered with Old Spice and Never Whisper Justice to offer a free digital learning course aimed at over 200,000 students, 400 school districts, and 7,000 teachers nationwide. This initiative, following the Sundance premiere of the documentary BLACK BOYS, is part of Old Spice's commitment to enhance high school graduation rates in underserved communities by 10% over the next decade. The Frontlines of Justice eLearning platform will be utilized to improve educational outcomes and foster discussions on social justice and equity.

Stride, Inc. (NYSE: LRN) announces the launch of a part-time remote coding bootcamp through its subsidiary, Tech Elevator. Starting April 2022, the 30-week program provides a full-stack curriculum designed for working adults seeking career transition into tech. With a focus on flexibility, the bootcamp offers self-study, peer-learning, and instructor support. Tech Elevator boasts over 90% job placement within 180 days and an average salary increase of $24,000 for graduates. The initiative aims to improve access to tech careers amid the ongoing Great Resignation.

In a recent survey by Stride, Inc. (NYSE: LRN), 86% of school leaders recognize the value of online learning as a complement to traditional education. However, 69% express concerns about their readiness for effective online instruction. Nearly 44% believe hybrid learning will become the norm. Key barriers include universal broadband access, teacher training, and quality digital curricula. Administrators seek better support for teachers, engaging content, and customizable platforms, highlighting the ongoing demand for innovative solutions in education.

Enrollment for the 2022-23 school year is open at Maine Virtual Academy (MEVA), an online public school for grades 7-12 in Maine. Amid COVID-19 challenges, parents increasingly seek online educational options. Dr. Melinda Browne, Head of School, emphasizes MEVA's established reputation for high-quality education, free for Maine residents. The program offers an alternative to traditional schooling, promoting a bullying-free environment. Families can access information sessions and enrollment details via MEVA's website.

Stride, Inc. (NYSE: LRN) reported strong financial results for Q2 FY2022, with revenue of $409.5 million, up 8.9% from $376.1 million in 2021. Growth was driven by increases in Career Learning enrollments, especially in the middle and high school sectors. Net income rose to $42 million from $24.5 million, yielding a diluted EPS of $1.00. Despite overall revenue growth, revenue from General Education fell slightly. The company raised its full-year revenue forecast to $1.62 billion to $1.64 billion.