Nerdy Inc Stock Price, News & Analysis

Parma City Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study resources.

The partnership, approved by the Ohio Department of Education, aims to provide students with a safe, educational alternative to social media platforms. The service is accessible through students' CLEVER accounts and includes features such as adaptive assessments, personalized learning plans, and college readiness resources.

Currently, over 500 school districts across the country use the Varsity Tutors for Schools platform to supplement classroom learning and address learning gaps.

Indian Hill Exempted Village School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide comprehensive tutoring resources to all district students. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, celebrity-led StarCourse classes, self-study resources, college readiness tools, and adaptive assessments.

The partnership aims to provide equitable access to high-quality educational resources, enabling students to receive immediate support and close learning gaps. The platform is currently used by over 500 school districts nationwide, offering flexible implementation models that can involve administrative staff, teachers, or parents in the tutoring relationship.

Nerdy Inc. (NYSE: NRDY) has successfully regained compliance with the NYSE's continued listing criteria for minimum share price. The NYSE confirmed compliance through a notification letter on December 2, 2024, based on Nerdy's closing share price on November 29, 2024, and its 30-day average closing price, which exceeded the required $1.00 minimum threshold. The company's Class A Common Stock will maintain its NYSE listing, provided it continues to meet other listing standards.

Oak Hills Local School District (OHLSD) has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with comprehensive tutoring resources. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study tools. The partnership gives all district students, educators, and parents access to academic resources including college readiness programs and adaptive assessments. Over 500 school districts nationwide currently use the platform to supplement classroom learning and close learning gaps.

Nerdy (NYSE: NRDY) has received a notice from the NYSE on November 12, 2024, indicating non-compliance with listing criteria due to its Class A Common Stock average closing price falling below $1.00 over 30 consecutive trading days. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and maintaining that average over 30 trading days. Nerdy is considering various options, including a potential reverse stock split requiring stockholder approval. The company reports $65.0 million in cash and no debt, maintaining normal business operations and SEC reporting requirements while remaining listed on NYSE during this period.

Nerdy (NYSE: NRDY) reported Q3 2024 revenue of $37.5 million, near the top of guidance but down 7% year-over-year. Learning Memberships generated $31.4 million (84% of total revenue) with 39.7K Active Members. The company reported a non-GAAP adjusted EBITDA loss of $14.0 million, better than guided negative $17-19 million. Institutional segment delivered $5.4 million revenue with 117 contracts worth $8.5 million in bookings. Gross margin decreased to 70.5% from 72.4% year-over-year. The company maintains strong liquidity with $65.0 million cash and no debt.

Forest Charter School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with comprehensive tutoring resources. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, SAT/ACT prep, and self-study tools. Features include adaptive assessments, personalized learning plans, and college readiness resources. The platform, currently used by over 500 school districts nationwide, aims to supplement classroom learning and close learning gaps. Forest Charter students can access these services through the school's website.

Nerdy (NYSE: NRDY), a platform for live online learning, has scheduled its third quarter 2024 financial results announcement for November 7, 2024, after market close. The company will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. U.S. participants can dial 1-833-470-1428, while international callers can use 1-404-975-4839 (Access Code: 292021). A webcast replay will be available for one year on Nerdy's investor relations website, and a phone replay will be accessible until November 14, 2024.

Harbor Science and Arts Charter School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide students with free access to comprehensive tutoring resources until June 2030. The platform offers 24/7 on-demand chat tutoring, essay review, live enrichment classes, and self-study resources. Features include celebrity-led StarCourse classes, college readiness resources, and adaptive assessments. According to Assistant Principal Joseph Pierce, the platform serves as a valuable resource when direct teacher assistance isn't available. The service is currently used by over 500 school districts nationwide to supplement classroom learning and address learning gaps.