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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.
The Iowa Virtual Academy (IAVA) is now accepting enrollment applications for the 2021-2022 school year, offering a tuition-free online education for students in grades K-12. IAVA provides an alternative to traditional schooling with a personalized curriculum and state-licensed teachers. Students can engage in core subjects and electives while enjoying a supportive learning environment. The open enrollment deadline is March 1, 2021, with additional resources available for families. IAVA operates under the Clayton Ridge Community School District and utilizes a curriculum provided by K12, a Stride company (NYSE: LRN).
Stride, Inc. (NYSE: LRN) has appointed Dr. Jodi Marshall as Senior Vice President of K12 Learning Solutions to enhance online education partnerships amid rising demand. With over 20 years of experience, including leading Florida Virtual School with $220 million in revenues, Marshall aims to improve academic outcomes and student engagement. Recent surveys show over 70% of parents support continuing online education post-pandemic. This strategic move reflects Stride's commitment to providing innovative, tech-enabled education solutions to meet evolving educational needs.
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Destinations Career Academy of Wisconsin (WIDCA) and Wisconsin Virtual Academy (WIVA) are accepting enrollments for the 2021-2022 academic year. Both schools offer tuition-free, full-time online education options for Wisconsin students, staffed by licensed teachers. WIDCA enrolls students in grades 9-12 and focuses on career readiness, offering programs in various sectors like Health and IT. WIVA serves K-12 students and provides a personalized alternative learning environment. Families can find more information and enrollment details on their respective websites.
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Maine Virtual Academy (MEVA) is inviting enrollments for the 2021-2022 academic year, offering a tuition-free online education to students in grades 7-12 across Maine. MEVA is known for its personalized learning approach and is staffed by state-licensed teachers. The academy provides a safe, alternative education that caters to various student needs, including those seeking advanced learning or a bullying-free environment. Families can learn more about enrollment and upcoming events through online information sessions and the MEVA website.
Stride, Inc. (NYSE: LRN) has announced that two students from its Stride K12-powered schools were awarded the Silent Servant Award by The Peter R. Marsh Foundation. This award honors high school students nationwide who demonstrate selfless community service. The recipients include Dominique Belasquez, who created face masks during the pandemic, and Mason Rake, who refurbishes computers for veterans. The award aims to inspire student-servants and recognizes their contributions to society.
Stride, Inc. (NYSE: LRN) announced the retirement of CEO Nathaniel A. Davis, who will continue as Executive Chairman. James J. Rhyu, previously with Stride for eight years in various roles, has been appointed as the new CEO. Under Davis's leadership, Stride achieved over 65% annual revenue growth and improved student engagement. Rhyu, with extensive experience in strategic and financial management, aims to enhance Stride's educational offerings. The Board ensured a seamless transition to further advance Stride's mission of providing quality education.
Stride, Inc. (NYSE: LRN) reported strong second fiscal quarter results for 2021. Revenues surged to $376.1 million, up 46% year-over-year, driven by increased enrollments. Net income rose 19% to $24.5 million, with diluted earnings per share of $0.60. Cash and cash equivalents increased to $258.1 million. The company announced CEO Nate Davis's retirement and the appointment of James Rhyu as his successor. Stride forecasts fiscal 2021 revenue in the range of $1.500 billion to $1.525 billion.
Nevada Virtual Academy (NVVA), a full-time online public school in Nevada, is now accepting enrollments for the 2021-2022 academic year. NVVA offers a tuition-free education to K-12 students, providing personalized learning experiences supported by state-licensed teachers. The academy aims to cater to diverse student needs, including advanced learning and a bullying-free environment. As part of the Nevada public school system and affiliated with K12 Inc. (NYSE: LRN), NVVA emphasizes a supportive online platform for academic achievement.