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Nerdy Inc. (NYSE: NRDY) is a pioneering platform for live online learning, dedicated to transforming education through technology. The company leverages its purpose-built proprietary platform, incorporating advanced technologies such as AI, to connect learners of all ages with expert educators. This innovative approach delivers exceptional value to both learners and educators by facilitating a seamless exchange of knowledge and skills.
Nerdy offers a comprehensive learning destination that spans over 3,000 subjects, providing a variety of learning formats including one-on-one instruction, small group classes, large format group classes, and adaptive self-study modules. This flexibility ensures that learners can find the best method that suits their individual needs.
The company’s flagship business, Varsity Tutors, stands as one of the nation’s largest platforms for live online tutoring and classes. Varsity Tutors serves a wide audience, offering its high-quality educational solutions directly to students and consumers, as well as through partnerships with schools and other institutions.
Recent achievements include the expansion of their service offerings and the continuous enhancement of their AI-driven platform to improve learning outcomes. Financially, Nerdy Inc. has shown a robust performance with a focus on sustainable growth and strategic partnerships to broaden its reach and impact.
Latest News
- Source: Varsity Tutors
- Source: Nerdy Inc.
- Source: Varsity Tutors for Schools
Nerdy Inc. (NYSE: NRDY), a leading platform for live online learning, has announced it will release its second quarter 2024 financial results on August 8, 2024, after the U.S. stock market closes. The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results.
Interested parties can join the call by dialing 1-833-470-1428 (U.S.) or 1-404-975-4839 (International) with the Access Code 448060. A live webcast will be available on Nerdy's investor relations website. A replay of the webcast will be accessible for one year, and a telephonic replay will be available until August 15, 2024.
Clarendon County School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to a comprehensive learning platform until June 30, 2030. The platform offers various resources including 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, and college & career readiness resources.
District Superintendent Dr. Shawn Johnson emphasized the platform's ability to enhance educational support and ensure continuous engagement. Dr. Tyneshia Eaddy, Director of Secondary Education, highlighted the benefits of personalized learning and adapting students to 21st-century learning. The partnership aims to narrow the educational gap in rural districts and provide students with immediate access to help when needed.
Ulysses USD 214 has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to offer all district students free access to a comprehensive online learning platform until June 30, 2030. This platform includes 24/7 on-demand chat tutoring in English and Spanish, live and recorded enrichment classes, SAT/ACT test prep, and adaptive assessments with personalized learning plans.
Over 500 school districts already use this platform to bridge learning gaps and enhance classroom learning. Students can access the platform through their Clever account, offering flexible solutions for diverse educational needs.
Hamtramck Public Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to offer free access to a comprehensive learning platform for all students until June 30, 2030. The platform includes 24/7 on-demand chat tutoring, essay review, SAT/ACT prep classes, and more. This initiative aims to provide students with resources to supplement classroom learning and close educational gaps. Over 500 school districts already use Varsity Tutors for Schools to enhance learning experiences.
Western Michigan Christian High School and Middle School have partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students free access to a comprehensive learning platform until June 30, 2030. The platform offers 24/7 on-demand chat tutoring, essay review, live classes, SAT/ACT prep, and more. This initiative aims to support students, educators, and parents by offering various resources to enhance learning and close educational gaps.
Trinity Lutheran School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to offer all students free access to the Varsity Tutors for Schools platform until June 30, 2030. The platform includes a range of resources such as 24/7 on-demand chat tutoring, essay reviews, live enrichment classes, SAT/ACT prep, and more. This platform aims to supplement classroom learning and close educational gaps, benefiting over 500 school districts nationwide. Students can receive instant help, engage in self-study, and join expert-led live classes.
Grayville Community School District 1 has partnered with Varsity Tutors for Schools, a Nerdy company (NYSE: NRDY), to provide live and on-demand learning resources to all district students at no cost until June 30, 2030. The partnership offers a comprehensive platform with various interactive study tools, tutoring services, test prep classes, and enrichment resources to enhance student learning. This collaboration aims to bridge learning gaps and provide personalized support to students, educators, and parents.
Nerdy Inc. (NRDY) will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 22, 2024. Chuck Cohn and Jason Pello will represent Nerdy, with a live webcast and replay available on their investor relations website.
Gateway Regional School District has announced a partnership with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with access to a comprehensive learning platform at no cost. The collaboration offers various resources like live tutoring, test prep classes, celebrity-led courses, and personalized learning plans. This initiative aims to enhance student learning experiences and academic success until June 2030.
Nerdy Inc. (NYSE: NRDY) reported revenue of $53.7 million in Q1 2024, exceeding guidance, with a positive operating cash flow. The company expanded freemium efforts, with 2.2 million students on the Varsity Tutor platform. Active Members and Institutional business revenue saw significant growth. Gross profit increased by 8%, and non-GAAP adjusted EBITDA improved. Second-quarter revenue guidance is $50-$52 million, reaffirming a full-year guidance of $232-$246 million.
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