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Stock impact report

Demand for Stride Career Learning Continues to Drive Strong Performance

Stride, Inc. (LRN) 
Last stride, inc. earnings: 4/27 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.k12.com
Company Research Source: Business Wire
HERNDON, Va.--(BUSINESS WIRE)--Stride, Inc. (NYSE: LRN), one of the nation’s leading technology-based education companies, today announced its results for the second fiscal quarter ended December 31, 2021.Second Quarter Fiscal 2022 Highlights Compared to 2021Revenue of $409.5 million, compared with $376.1 million, driven by continued strength in middle and high school Career Learning enrollments, growth in Adult Learning, and increases in revenue per enrollment.Income from operations of $56.9 million, compared with $38.5 million, due to improved gross margins and flat selling, general and administrative expenses.Net income of $42.0 million, compared with $24.5 million.Diluted net income per share of $1.00, compared with $0.60.Adjusted operating income of $60.7 million, compared with $50.1 million. (1)Adjusted EBITDA of $82.7 million, compared with $70.7 million. (1)Second Quarter Fiscal 2022 Summary Financial MetricsThree Months Ended December 31,Change 2021/202020212020$%(In thou Show less Read more
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