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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.
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.
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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.
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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.
Ohio Virtual Academy (OHVA) has partnered with Orion Institute to train high school students for health care roles. This program allows students to earn certifications in Medical Billing & Coding, Medical Assisting, and Massage Therapy while still enrolled in high school, thereby saving on tuition.
Over 60 students have already signed up, gaining advanced standing in Orion’s programs and job placement assistance. With 500,000 health care jobs open nationwide, this initiative aims to fill critical workforce gaps in Ohio's health care sector.
Stride Inc. (NYSE: LRN) is set to discuss its second quarter fiscal year 2022 financial results during a conference call on January 25, 2022 at 5:00 p.m. ET. Investors can participate by dialing (888) 210-2831 for domestic calls or (289) 514-2968 for international, starting from 4:45 p.m. ET. A replay will be available from 8:00 p.m. ET on the same day until February 25, 2022. The live webcast can be accessed via this link.