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.
MedCerts has partnered with the SkillUp Coalition to provide IT certification training for under- or unemployed residents in Maryland. Supported by the SkillUp Together Fund, this initiative targets individuals affected by COVID-19, offering free classes that can be completed in 3-6 months. Participants may receive financial incentives of up to $1,000 for completing milestones. This effort aims to reskill Maryland’s workforce, providing citizens with opportunities to secure jobs in high-demand IT roles.
Boeing announced its mentorship program during the 2021 STEM Signing Day on April 29, aimed at supporting high school seniors pursuing STEM degrees. The program, powered by Tallo, connects honorees with mentors to facilitate career guidance. Over 600 students across 16 states will benefit this year, building on the recognition of nearly 2,000 STEM students since the program's inception in 2017. Boeing's leadership emphasized the importance of STEM graduates in shaping the future, as students engage in sessions to explore high-growth career paths.
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Galvanize, a leading provider of software engineering and data science training, has appointed Ricky Hamilton as its new Chief Executive Officer. This announcement follows Stride, Inc.'s (NYSE: LRN) report of a 191% year-over-year increase in career learning revenue for its third fiscal quarter ended March 31, 2021. Hamilton, previously Executive VP of Revenue Operations, aims to drive Galvanize's mission of connecting professionals to tech careers and improving access to quality education.
Stride, Inc. (NYSE: LRN) has launched the We Stand Together College Scholarship, part of its $10 million commitment to assist underrepresented students. For the 2021-2022 academic year, the program will award up to $250,000 in scholarships to 22 Black students from Stride K12-powered schools. The initiative aims to alleviate financial barriers faced by Black college-bound students amid a national student loan debt crisis. Applications are due by May 18, 2021.
Boeing and Tallo are hosting the 2021 STEM Signing Day to honor over 600 high school seniors pursuing STEM degrees. The event takes place on April 29, 2021, featuring speakers like Dave Calhoun, Boeing's CEO, and will be streamed online. Students will sign letters of intent for their STEM education paths. The event emphasizes Boeing's commitment to equitable education access and the importance of STEM fields in society.
Stride, Inc. (NYSE: LRN) has partnered with the National Association of Black Male Educators (NABME) to enhance recruitment and professional development for Black male educators in the U.S. The initiative aims to address the underrepresentation of Black male teachers, who constitute only 2% of educators, by providing culturally relevant workshops and opening recruitment opportunities at Stride-powered schools. This partnership aligns with Stride's commitment to diversity and educational equity, backed by a multi-year investment including $10 million in scholarships for underserved students.
Stride, Inc. (NYSE: LRN) reported significant growth in its third fiscal quarter ending March 31, 2021, with revenues increasing to $392.1 million, up 52.5% year-over-year due to higher enrollments. Income from operations rose 165.9% to $38.6 million, while net income surged 171.8% to $23.8 million, resulting in diluted net income per share of $0.57. Cash and equivalents stood at $329.0 million, reflecting a robust financial position. The company raised its full-year revenue guidance to $1.525 billion to $1.530 billion.
Tallo, a leading online platform, has partnered with HOSA-Future Health Professionals for the fifth year to host virtual state-level competitive events, enhancing access for students nationwide. This collaboration allows participants to submit their projects digitally, ensuring a competitive and supportive environment. More than 630 events are scheduled this spring, leading to the International Leadership Conference in June. Tallo's commitment to connecting students with vital career opportunities is evident as it helps HOSA members develop critical skills amidst the evolving healthcare landscape.
Galvanize, a leader in software engineering and data science training, alongside its parent company Stride (NYSE: LRN), is allocating up to $1.8 million to enhance equity in the technology workforce through the We Stand Together Scholarship. This initiative aims to address the underrepresentation of Black individuals in STEM fields, where they represent only 9% of the workforce. The Spring 2021 scholarship recipients have been announced, each receiving full tuition for immersive bootcamps, emphasizing the commitment to inclusivity in tech. Applications for the next scholarship round opened on April 19, 2021.