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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. (NYSE: LRN) is tackling the issue of high school dropouts with its newly launched Stride Graduation Guarantee. This initiative guarantees eligible students enrolled in Stride K12-powered public schools a pathway to graduate, even if they age out of their current educational options. Stride will fund tuition at a private school or provide additional support until graduation. This measure aims to combat the dropout crisis, highlighted by a statistic that a student drops out every 15 seconds. Stride's schools reported lower learning loss rates during the pandemic compared to national averages.
Galvanize, a leading software engineering and data science training provider, has secured a Phase III SBIR IDIQ Contract from the U.S. Department of Defense, building on its Phase I SBIR contract from January 2020. This contract, worth nearly $60 million over five years, aims to enhance technical skills among service members through software development and data analysis training. Galvanize's collaboration with the Department of Defense highlights its role as a key education partner for military personnel, further solidifying its position in a digital landscape.
Stride, Inc. (NYSE: LRN) has launched new Stride-Powered School Alumni Services for over two million former students, offering discounted tuition, scholarship opportunities, and career exploration resources. The initiative aims to alleviate the burden of student debt, currently exceeding $1.7 trillion in the U.S. Collaborating with educational institutions and Tallo, alumni can build digital profiles to enhance career prospects. With a commitment to lifelong learning, Stride continues to support graduates in their educational and professional journeys.
Stride (NYSE: LRN) announces the launch of Job Shadow Week 2021 starting July 19, offering a free virtual event for middle and high school students to engage with professionals from diverse industries including Amazon, CVS, and NASA. A recent study shows that 65% of U.S. parents seek summer opportunities post-pandemic. The event aims to equip students with career insights and includes sessions on job-finding skills. Registration is open for students aged 13 and older.
Pikes Peak Online School (PPOS) is enhancing its curriculum by introducing career-focused courses for high school students in grades 9-12. Starting this fall, students will gain experience in various fields including Education, Hospitality, and Law Enforcement, designed with input from law enforcement experts. PPOS aims to prepare students for the job market while potentially reducing college tuition costs. Colorado's unemployment rate stands at 6.4%, emphasizing the need for such programs. PPOS is a tuition-free public school program and provides personalized online instruction to help students maximize their potential.
Stride Inc. (NYSE: LRN) has released its first ESG initiatives report, highlighting its commitment to equitable education and workforce readiness. The report outlines current initiatives and long-term goals based on frameworks like the SASB Education framework and UN SDGs. Key focuses include lifelong learning expansion, racial and socioeconomic equity, transparent governance, and sustainability. CEO James Rhyu emphasizes the importance of managing ESG risks and opportunities. Stride aims to support over 100,000 Career Prep school graduates, 200,000 adult learners, and one million K12 students achieving learning growth by 2030.
Destinations Career Academy of Colorado (CODCA) reported student success through improved teacher retention and graduation rates. Over the last five years, graduation rates rose nearly 10 percentage points yearly, achieving an 85.9% rate in 2019-2020, exceeding Colorado's 81.9% average. Teacher retention has remained above 90%, surpassing the national average of 84%. Students staying all four years at CODCA had a 90% graduation success rate. CODCA continues to offer robust career learning opportunities, including partnerships with community colleges for college credit.
Miami Virtual Program, Arizona (MVPAZ) is introducing career-focused courses for high school students starting this fall. Students can explore classes in IT, Health & Human Services, Business & Marketing, and Art, Audio/Visual Technology & Communications. With U.S. student loan debt exceeding $1.7 trillion, these courses offer a chance to earn college credits and gain valuable experience, potentially reducing college costs. MVPAZ serves grades K-11, aiming to address the skills gap in the workforce and providing personalized online instruction.
Stride, Inc. (NYSE: LRN) is launching its eSports Summer Camp, aiming to enroll at least 10,000 students aged 13 and older in an online program from June 24 to August 13. In collaboration with Gamer Sensei, students will develop leadership and teamwork skills while engaging in popular games like Fortnite and League of Legends. The initiative highlights the growing eSports audience, projected to reach 656 million by 2023. The free program is part of Stride’s summer offerings that also include a variety of academic courses.
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