Nerdy Inc Stock Price, News & Analysis

The NET Charter High School - Gentilly Campus has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide all district students with free access to their 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 self-study tools. Dr. Christina Hull, the school's principal, encourages students to utilize these resources for additional support. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools, highlighted that the platform is now available to all K-12 schools at no cost, allowing for targeted intervention and flexible implementation models.

St. Mary's School has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide 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. Principal Che Warner expressed excitement about the partnership, emphasizing its value for students needing extra help or challenges. The platform is used by over 500 school districts nationwide to supplement classroom learning and close learning gaps. Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools, highlighted the platform's rich set of learning options and flexibility in implementation models.

Wapakoneta City Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive learning platform for all district students 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 self-study tools. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. The partnership aims to provide students with immediate academic support, enrichment opportunities, and college entrance exam preparation. Wapakoneta families can access the platform through the school's website, offering a valuable resource for students' academic success.

The Township of Union Public Schools 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 enrichment and remediation classes
• SAT and ACT test prep
• Self-study tools
• College & career readiness resources

This partnership aims to supplement classroom learning, close learning gaps, and provide academic support for students from kindergarten through 12th grade. Over 500 school districts across the country already utilize this platform, which is now available at no cost to K-12 schools.

Johnson County Schools has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive learning platform for all district students until June 30, 2030. The platform offers 24/7 on-demand chat tutoring, essay review, live classes, SAT and ACT test prep, self-study resources, and more. Over 500 school districts nationwide use this platform to supplement classroom learning and close learning gaps. The partnership aims to provide students with immediate assistance when they need help with homework or are struggling with a subject. Families can access the platform through the Johnson County Schools website.

Nerdy Inc. (NYSE: NRDY) reported Q2 2024 financial results with revenue of $51.0 million, up 4% year-over-year. Key highlights include:

- Learning Memberships revenue: $36.4 million (72% of total revenue)
- Institutional revenue: $11.1 million (21% of total revenue), up 33% YoY
- Gross margin: 65.7%, down from 69.8% in Q2 2023
- Net loss: $14.4 million
- Non-GAAP adjusted EBITDA loss: $2.1 million

Nerdy expects Q3 2024 revenue between $35-$38 million and full-year 2024 revenue of $196-$204 million. The company anticipates a return to profitable growth by year-end.

Frontier Schools 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. This partnership aims to supplement classroom learning and close learning gaps, with over 500 school districts already utilizing the platform nationwide. Students can access immediate help with homework, take practice tests, and participate in expert-led live classes on various subjects.

West Ada School District has partnered with Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company, to provide free access to a comprehensive tutoring platform for all district students 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 self-study tools. Marcus Myers, Chief Academic Officer at West Ada, emphasized the platform's potential to contribute to students' academic growth and confidence. Over 500 school districts across the country already use this platform to supplement classroom learning and close learning gaps. Anthony Salcito, Chief Institutional Officer at Varsity Tutors for Schools, highlighted the platform's flexibility in implementation models, catering to various district needs.

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.