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Jun 30, 2020
Stride Q4 2020 Earnings Report
K12 Inc. reported increased revenues due to higher enrollments and the Galvanize acquisition.
Key Takeaways
K12 Inc. reported a revenue increase for Q4 2020 compared to Q4 2019, driven by increased enrollments and the acquisition of Galvanize. Net income also increased, primarily due to improved income from operations.
Revenues increased due to increased enrollments and the Galvanize acquisition.
Income from operations increased driven by the increased revenue and lower costs related to COVID-19 partially offset by Galvanize costs.
Net income increased driven by improved income from operations somewhat offset by increased interest expense.
Managed public school enrollments are already 150 thousand, as of August 7th.
Stride
Stride
Forward Guidance
K12 Inc. is preparing for increased student enrollments by hiring more teachers and expanding its learning platform, positioning the company to deliver double-digit growth in both revenue and adjusted operating income in the coming year.
Positive Outlook
- Preparing for increased student enrollments.
- Hiring more teachers.
- Expanding learning platform.
- Positioned to deliver double-digit growth in revenue.
- Positioned to deliver double-digit growth in adjusted operating income.