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Mar 31, 2022
Stride Q3 2022 Earnings Report
Stride's Q3 2022 results were announced, showing revenue growth driven by strong enrollment and adult learning.
Key Takeaways
Stride, Inc. reported a revenue of $421.7 million, compared to $392.1 million in 2021. Net income was $42.9 million, compared to $23.8 million in the previous year. Diluted net income per share was $1.02, compared to $0.57 in 2021.
Revenue increased to $421.7 million, compared to $392.1 million in the prior year.
Income from operations grew to $60.6 million, compared to $38.6 million year-over-year.
Net income reached $42.9 million, compared to $23.8 million in the previous year.
Diluted net income per share was $1.02, compared to $0.57 year-over-year.
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 updating and raising its forecast for the full fiscal year 2022. Revenue in the range of $1.645 billion to $1.660 billion. Adjusted operating income in the range of $180 million to $185 million.
Positive Outlook
- Revenue in the range of $1.645 billion to $1.660 billion.
- Capital expenditures in the range of $65 million to $70 million.
- Effective tax rate of 27% to 29%.
- Adjusted operating income in the range of $180 million to $185 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income