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Sep 30, 2022
Stride Q1 2023 Earnings Report
Announced results for the first fiscal quarter, showing revenue growth driven by Career Learning enrollment strength, increases in revenue per enrollment, and Adult Learning growth.
Key Takeaways
Stride, Inc. reported revenue of $425.15 million, an increase of 6.2% compared to the previous year. However, the company experienced a loss from operations of $28.72 million and a net loss of $22.67 million, with a diluted net loss per share of $0.54. Adjusted EBITDA was $3.04 million.
Revenue increased to $425.2 million, driven by Career Learning enrollment strength and Adult Learning growth.
Loss from operations was $28.7 million, impacted by increased instructional costs, inflationary pressures, and investments in new products.
Net loss amounted to $22.7 million, or $0.54 per diluted share.
Adjusted EBITDA was $3.0 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 revenue in the range of $435.0 million to $465.0 million and adjusted operating income in the range of $70.0 million to $80.0 million for the second quarter of fiscal year 2023. For the full fiscal year 2023, revenue is expected to be in the range of $1.71 billion to $1.79 billion and adjusted operating income in the range of $160.0 million to $190.0 million.
Positive Outlook
- Revenue in the range of $435.0 million to $465.0 million for Q2 2023.
- Capital expenditures in the range of $17.0 million to $20.0 million for Q2 2023.
- Adjusted operating income in the range of $70.0 million to $80.0 million for Q2 2023.
- Revenue in the range of $1.71 billion to $1.79 billion for fiscal year 2023.
- Adjusted operating income in the range of $160.0 million to $190.0 million for fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income