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Dec 31, 2020
Stride Q2 2021 Earnings Report
Reported a 46% revenue increase and a nearly 60% year-over-year enrollment growth.
Key Takeaways
Stride, Inc. announced its second fiscal quarter results with revenues increasing by 46% to $376.1 million compared to the previous year. Total enrollments reached 191.5 thousand, marking a nearly 60% year-over-year increase. Net income was reported at $24.5 million, or $0.60 per share.
Revenues increased 46% to $376.1 million compared to $257.6 million in the prior year.
Total enrollments reached 191.5 thousand, up nearly 60% year-over-year.
Net income was $24.5 million, compared to $20.6 million in the prior year.
Diluted net income per share was $0.60, compared to $0.52 in the prior year.
Stride
Stride
Stride Revenue by Segment
Revenue by Segment
General Education Revenue
CapyFin.com Forward Guidance
The Company is updating its outlook for the third quarter and full fiscal year 2021.
Positive Outlook
- Revenue in the range of $1.500 billion to $1.525 billion for full fiscal year 2021.
- Capital expenditures in the range of $50 million to $60 million for full fiscal year 2021.
- Tax rate of 26% to 29% after discrete items for full fiscal year 2021.
- Adjusted operating income in the range of $145 million to $155 million for full fiscal year 2021.
- Revenue in the range of $375 million to $385 million for the third quarter, fiscal 2021.