Nerdy Inc Stock Price, News & Analysis

Nerdy Inc. (NYSE: NRDY) announced it will release its fourth quarter and full year financial results for the period ending December 31, 2022, on February 28, 2023, after U.S. market close. Following this, management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss these results. Interested listeners in the U.S. can call 1-844-200-6205, while international callers can reach 1-929-526-1599, using Access Code 609907. A live webcast will also be available on Nerdy's investor relations website, with a replay accessible for a year afterward. Nerdy is dedicated to transforming online learning through technology, offering a wide range of educational experiences.

Nerdy (NYSE:NRDY) has announced the launch of two new AI-powered products as part of its Varsity Tutors Learning Memberships. The products include an AI-Generated Lesson Plan Creator, enabling personalized lesson planning during tutoring sessions, and AI-Enabled Chat Tutoring, providing real-time support for learners. These innovations are designed to improve educational outcomes and optimize instructional efficiency. CEO Chuck Cohn emphasized the transformative potential of AI in enhancing personalized learning experiences. The rollout targets a segment of tutoring experts, with further AI applications planned for consumer customers.

Nerdy (NYSE: NRDY) announces a new partnership with Polk County Public Schools (PCPS) to provide online tutoring for 40,000 students. This innovative initiative allows teachers to assign personalized tutoring as an extension of classroom learning, available in multiple subjects and languages. The program includes live tutoring sessions, on-demand support, and essay review services, ensuring that every student has access to resources tailored to their needs. Funded through emergency relief resources, the rollout begins this month, emphasizing enhanced educational support amidst ongoing challenges.

Nerdy Inc. (NYSE: NRDY), a leader in live online learning, will participate in a fireside chat at the Needham Virtual Growth Conference on January 12, 2023, at 11:00 a.m. ET. Management representatives include Founder and CEO Chuck Cohn and CFO Jason Pello. The event will be accessible via a live webcast on Nerdy’s investor relations website, with an archived replay available afterward. Nerdy’s platform connects learners to experts across over 3,000 subjects, offering diverse educational formats, including one-on-one and group classes.

Nerdy Inc. (NYSE: NRDY) reported third-quarter financial results for 2022, achieving revenue of $31.8 million, aligning with guidance. The introduction of Learning Memberships drove growth, generating an annualized run-rate revenue of $50 million and contributing $5.8 million to the quarter's total. Gross profit rose 6% year-over-year to $21.9 million, with a margin of 69%. Despite a non-GAAP adjusted EBITDA loss of $(14.0) million, the company projects profitability by the end of 2023.

Nerdy Inc. (NYSE: NRDY) announced its third quarter financial results for the period ended September 30, 2022, set to be released post-market on November 14, 2022. Following the release, management will host a conference call at 5:00 PM Eastern Time to discuss financial and operating results. Interested parties can access the call via U.S. numbers or through a live webcast on Nerdy's investor relations website. A replay will be available for a year, with telephonic replay until November 21, 2022.

Nerdy Inc. (NYSE: NRDY) has announced its participation in a fireside chat at the Goldman Sachs Communacopia + Technology Conference on Sept. 15, 2022, at 10:00 a.m. PT / 1:00 p.m. ET. The event will feature Chuck Cohn, Founder and CEO, along with Jason Pello, CFO. A live webcast will be available on Nerdy’s investor relations website, with an archived version accessible afterward. Nerdy is a prominent online learning platform, providing over 3,000 subjects in various formats, including one-on-one and group classes.

Nerdy Inc. (NYSE: NRDY) expands its educational offerings by acquiring Codeverse, an award-winning platform that teaches kids to code through app and game development. This move aims to fulfill the increasing demand for computer science education among students and schools. The integration of Codeverse into the Varsity Tutors platform will provide immersive coding classes, enhancing personalized learning experiences. CEO Chuck Cohn emphasized the importance of this acquisition in transforming Nerdy into a comprehensive learning destination.

Nerdy Inc. (NYSE: NRDY) reported strong Q2 results for 2022, achieving revenue of $42.2 million, exceeding the guidance of $37-40 million, and marking a 29% year-over-year increase. Key drivers included growth from consumer audiences and institutional business, including Varsity Tutors for Schools, which generated $4.2 million. Active Learners rose by 36% and Active Experts by 42%. Gross profit reached $28.8 million, a 35.2% increase. The company has $121 million in cash and no debt, positioning it well for future growth. Adjusted EBITDA profitability is expected by the end of 2023.