Nerdy Inc Stock Price, News & Analysis

Nerdy Inc. (NYSE: NRDY) reported record financial results for Q4 and the full year ended December 31, 2021. Bookings reached $159.9 million (+48%) and revenue hit $140.7 million (+35%) year-over-year. Q4 figures also set new highs with bookings of $47.3 million (+53%) and revenue of $42.0 million (+27%). The company experienced a 46% increase in Active Learners and a 73% rise in Online Sessions. For Q1 2022, revenue guidance is projected at $45-$48 million, while full-year expectations stand at $196-$200 million, indicating over 40% growth.

Nerdy Inc. (NYSE: NRDY) will release its fourth quarter and full year financial results for the period ending December 31, 2021, after the U.S. stock market closes on February 28, 2022. A conference call and webcast is scheduled for 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can listen in by dialing the provided numbers or via Nerdy's investor relations website. The company's platform connects learners to experts across 3,000+ subjects, emphasizing their mission to enhance online learning through technology.

Nerdy Inc. (NYSE: NRDY) has appointed Molly Sorg as Vice President and Head of Investor Relations. Sorg will guide Nerdy's financial market strategies and act as the main liaison for investors and analysts. Her previous experience includes SVP at Vistra Corp., where she managed investor relations and sustainability. Sorg aims to support Nerdy's growth and innovation in online learning. The company focuses on connecting learners with experts through technology, offering diverse educational formats across thousands of subjects.

Nerdy Inc. (NYSE: NRDY) has appointed former U.S. Deputy Secretary of Education, William "Bill" D. Hansen, as Senior Advisor for Institutional Strategy. This strategic move aims to bolster the company’s K-12 school initiatives, particularly following the launch of Varsity Tutors for Schools, which has secured contracts with 47 school districts worth nearly $10 million annually. Hansen's extensive experience in education policy is expected to enhance Nerdy's product development and market strategies as it expands its services to address the needs of students and educators nationwide.

Nerdy Inc. (NYSE: NRDY) will present at the Barclays Global Technology, Media and Telecommunications Conference on December 8 at 4:45 PM EST. The presentation will feature Chuck Cohn, Founder and CEO, along with Jason Pello, CFO. Interested parties can access a live webcast on Nerdy's investor relations website, with an archived replay available post-event.

Nerdy operates a leading platform for live online learning, offering over 3,000 subjects and various instructional formats, including one-on-one tutoring through its flagship business, Varsity Tutors.

Nerdy (NYSE: NRDY) reported strong Q3 2021 results with record bookings of $44.5 million, a 32% year-over-year increase. Active Learners rose by 36%, contributing to a revenue of $31.3 million, up 19% year over year. The launch of Varsity Tutors for Schools resulted in contracts with 47 school districts, totaling nearly $10 million in annual value. The company anticipates Q4 revenues between $40 and $43 million, projecting full-year revenues of $139 to $141 million, a 35% increase from 2020.

Nerdy Inc. (NYSE: NRDY) announced it will release its third quarter 2021 financial results after the U.S. stock market closes on November 15, 2021. Following the earnings announcement, management will host a conference call and webcast at 5:00 p.m. Eastern Time. Interested parties can listen to the call by dialing 1-844-200-6205 or 1-646-904-5544 for international callers. A live webcast will be accessible on Nerdy’s investor relations website, with a telephonic replay available until November 22, 2021.

Nerdy has successfully completed its business combination with TPG Pace Tech Opportunities, a SPAC, approved on September 14, 2021. Starting September 21, 2021, Nerdy will trade on the NYSE under the ticker "NRDY". This milestone supports Nerdy’s mission to innovate live online learning, providing resources for growth in a changing educational landscape. The merger positions Nerdy to capitalize on a growing demand for personalized learning, leveraging its established platform in delivering diverse educational experiences.