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Mar 31, 2021
Stride Q3 2021 Earnings Report
Revenue increased due to higher enrollment and career learning revenue grew 191% year-over-year.
Key Takeaways
Stride Inc. reported revenue of $392.1 million for the third fiscal quarter ended March 31, 2021, compared to $257.2 million for the same period last year. Net income was $23.8 million, or $0.57 per diluted share, compared to $8.8 million, or $0.22 per diluted share, in the prior year.
Revenues of $392.1 million, compared with $257.2 million.
Income from operations of $38.6 million, compared with $14.5 million.
Net income of $23.8 million, compared with $8.8 million.
Diluted net income per share of $0.57, compared with $0.22.
Stride
Stride
Stride Revenue by Segment
Revenue by Segment
General Education Revenue
CapyFin.com Forward Guidance
The Company is raising its outlook and guidance for the full fiscal year 2021:
Positive Outlook
- Revenue in the range of $1.525 billion to $1.530 billion.
- Capital expenditures in the range of $50 million to $55 million.
- Tax rate of 27% to 29% after discrete items.
- Adjusted operating income in the range of $156 million to $159 million.