2U, Inc. - TWOU STOCK NEWS

2U, Inc. (TWOU) and Columbia Engineering are expanding their partnership to introduce the Columbia Artificial Intelligence Program, aimed at equipping technology leaders with essential AI skills. The program, starting in 2021, will offer a comprehensive online curriculum focusing on AI strategy, machine learning, robotics, and more. It combines live online classes with in-person experiences at Columbia's New York City campus. This initiative reflects the growing demand for AI education as organizations seek skilled leaders to drive AI innovation and policy.

2U, Inc. (Nasdaq: TWOU) announced its participation in two investor conferences scheduled for the second quarter of 2020. The presentations will outline the company’s history, strategy, and financial results. The conferences are as follows: BMO's 2020 Virtual Technology Summit on August 27, 2020, at 10:00 am ET and Jefferies' Software Virtual Conference on September 14, 2020, at 1:00 pm ET. Live webcasts will be accessible, and an archive will be available for 90 days post-presentation.

Arcadia University, partnering with 2U, Inc. (Nasdaq: TWOU), is launching innovative online undergraduate coding programs called the Arcadia University Semester of Code. This initiative allows students from across the U.S. to earn credits while enhancing technology skills. The programs include a Full-Stack Coding Program offering 16 credits and a Coding Internship Program providing 12 to 16 credits, running from Sept. 10 to Dec. 4, 2020. Designed to prepare students for a post-COVID workforce, these courses feature practical, immersive learning experiences led by industry professionals.

On August 5, 2020, 2U, Inc. (TWOU) announced an underwritten public offering of 6,800,000 shares of its common stock priced at $45.50 per share. The offering includes a 30-day option for underwriters to purchase an additional 1,020,000 shares. Expected to close around August 10, 2020, the offering is managed by Morgan Stanley as the sole book-running manager and Credit Suisse as co-manager. This follows 2U's registration statement with the SEC, indicating the offering's compliance with regulatory requirements.

2U, Inc. (Nasdaq: TWOU) announced a registered public offering of $300 million of its common stock, with an additional $45 million available for the underwriter within a 30-day option. Morgan Stanley is the sole underwriter for this offering, which aims to use the net proceeds for working capital, potential acquisitions, and growth opportunities, though no specific uses have been designated. The offering follows an automatically effective registration statement with the SEC, and interested investors should consult the prospectus before investing.

2U, a leader in education technology, reported a 35% increase in revenue to $182.7 million for Q2 2020, compared to the previous year. Notably, the Alternative Credential Segment revenue surged 97% to $67.0 million. However, the company recorded a net loss of $66.2 million, up from a loss of $28 million. Adjusted EBITDA loss improved to $2.1 million. The cash balance rose to $213 million, reflecting the net proceeds from recent financings. Management expects to achieve EBITDA profitability soon.

2U, Inc. (Nasdaq: TWOU) will report its Q2 2020 financial results on July 30, 2020. The earnings call will be led by CEO Chip Paucek and CFO Paul Lalljie at 4:30 p.m. ET. Investors can access the live webcast on the company's investor relations site. 2U is a leader in education technology, offering over 400 educational programs and has transformed the lives of over 250,000 learners.

Amherst College has partnered with 2U, Inc. (NASDAQ: TWOU) to transition several high-enrollment courses online for the upcoming fall semester. This collaboration aims to support hybrid learning due to COVID-19 constraints. 2U will provide essential services, including faculty training, video production support, and a mobile-friendly online campus. The initiative seeks to maintain the quality of liberal arts education while adapting to current educational needs, ensuring accessibility and effective pedagogy for students and faculty alike.