Welcome to our dedicated page for Strategic Education news (Ticker: STRA), a resource for investors and traders seeking the latest updates and insights on Strategic Education stock.
Strategic Education, Inc. reports developments across an education-services business serving working adult students and employer-sponsored learners. News commonly covers quarterly operating results, segment performance in Education Technology Services, U.S. Higher Education, and Australia/New Zealand, and activity at Sophia Learning, Workforce Edge, Strayer University, Capella University, and Torrens University.
Company updates also include employer and academic partnerships, online general education courses recommended for college credit, education-benefits administration, student and program achievements, annual reporting, shareholder meeting materials, and governance matters tied to the company’s public-company calendar.
Strategic Education (NASDAQ: STRA) reported its financial results for Q1 2023, showing a 0.9% decline in revenue to $256.6 million compared to Q1 2022. The company experienced a net loss of $2.0 million, contrasting with a net income of $7.0 million in the previous year. Adjusted EBITDA also dropped to $27.2 million, down from $38.4 million in Q1 2022. Enrollment in the U.S. Higher Education sector rose by 2.3% to 79,935 students. The Education Technology Services segment saw revenue growth of 24.9% to $18.2 million, while the Australia/New Zealand segment faced challenges with a 6.3% decrease in enrollment and a 14.4% decline in revenue. Despite these challenges, the company declared a quarterly cash dividend of $0.60 per share.
Strategic Education, Inc. (NASDAQ: STRA) will host a conference call on April 27, 2023, at 10:00 a.m. ET to discuss its first quarter results, with a news release issued prior to market opening. The conference call will be accessible via webcast, and registration is recommended. Additionally, the company has scheduled its 2023 Investor and Analyst Day on November 7, 2023, at 8:00 a.m. ET in New York City. Registration details for the Investor and Analyst Day will be available by September 1, 2023.
Strategic Education, Inc. (NASDAQ: STRA) announced the publication of its 2022 Annual Report and Letter to Shareholders, now accessible on their website. The company is preparing for its 2023 Annual Meeting of Stockholders to be held on April 26, 2023, at 8:00 a.m. ET. Stockholders of record as of February 28, 2023, are entitled to vote. Strategic Education focuses on advancing economic mobility through education, serving working adult students globally with accredited programs via Strayer University and Capella University, among others. Detailed annual report and meeting information are available on their Investor Relations page.
Strategic Education reported its financial results for Q4 and full-year 2022, highlighting a revenue decline of 0.8% in Q4 to $269.9 million and a 5.9% decrease for the year to $1,065.5 million. Net income fell to $18.3 million in Q4 and $46.7 million for the year, with diluted earnings per share decreasing to $0.77 and $1.94, respectively. The U.S. Higher Education segment saw student enrollment drop by 0.8% in Q4 and 6.5% annually. In contrast, the Education Technology Services segment experienced a revenue surge of 20.4% to $16.7 million in Q4, driven by increased subscriptions. A regular cash dividend of $0.60 per share was declared, payable on March 13, 2023.
Capella University has achieved a significant milestone by earning accreditation for its Master of Science in Human Services from the Council for Standards in Human Services Education (CSHSE). This program is now recognized as the first online human services master's program to receive such accreditation. The university emphasizes flexible online education for working adults and aims to prepare leaders in human services.
Capella's MS in Human Services offers specializations in leadership and organizational management or social and community services, establishing the university's commitment to quality education and community service.
Summary not available.
Capella University released a report highlighting nearly a decade of progress with its unique FlexPath competency-based education model. Since 2013, over 20,000 graduates completed their programs, with FlexPath learners finishing bachelor's degrees 50% faster and master's degrees 36% faster than traditional methods. Additionally, they borrowed 58% less in federal financial aid for bachelor's and 39% less for master's degrees. The report underscores the importance of flexible education tailored for adult learners in a changing workforce.
Strategic Education, Inc. (NASDAQ: STRA) will announce its fourth quarter results post-market on February 22, 2023. A conference call to discuss these results will take place at 5:00 p.m. ET from Sydney, Australia. Investors can access the live webcast via the company's website. Additionally, the company will hold its 2023 Annual Meeting of Stockholders on April 26, 2023, and an Investor and Analyst Day on May 9, 2023 in New York, NY.
Capella University has appointed Dr. Linda Singh and Walt Chesley to its Board of Trustees. Dr. Singh, a distinguished graduate of Capella, brings over 30 years of leadership experience in health, defense, and government. She is the CEO of Kaleidoscope Affect, LLC, and has held various leadership roles in public and private sectors. Chesley, a former Chief Human Resources Officer at Hennepin Healthcare, offers deep insights into human resources and education. Both appointments aim to enhance the university's governance and focus on the interests of learners and the public good.
Strayer University has achieved the National Center for Academic Excellence in Cyber Defense (CAE-CD) designation for its Master of Science in Information Security and Assurance (MSISA) program. This recognition is effective through 2027 and signifies Strayer's commitment to cybersecurity education. The CAE-CD designation highlights the institution's quality standards in cybersecurity and aims to enhance the workforce in this critical field. This achievement underlines the university's efforts to provide industry-relevant programs that promote student success and economic mobility.