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Sep 30, 2020
Stride Q1 2021 Earnings Report
K12 Inc. experienced revenue growth and improved profitability driven by increased enrollments.
Key Takeaways
K12 Inc. reported a strong first quarter with revenues increasing by 44.3% to $371.0 million compared to $257.1 million in the prior year, driven by increased enrollments. The company achieved net income of $12.7 million, a significant improvement from the net loss of $9.7 million in the same quarter last year.
Revenues increased 44.3% year-over-year to $371.0 million.
Total enrollments increased 57.1% year-over-year, topping 195 thousand.
Net income was $12.7 million, compared to a net loss of $9.7 million in the prior year.
Cash and cash equivalents totaled $308.8 million.
Stride
Stride
Stride Revenue by Segment
Revenue by Segment
General Education Revenue
CapyFin.comCareer Learning (Middle/High School) Revenue
CapyFin.com Forward Guidance
The Company is forecasting the following for the full year, 2021: Revenue in the range of $1.445 billion to $1.470 billion. The Company is forecasting the following for the second quarter, fiscal 2021: Revenue in the range of $358 million to $366 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income