earnings
confidence high
sentiment negative
materiality 0.70
Stride Q1 FY2022 revenue up 7.9% to $400.2M; swings to operating loss of $7.0M
Stride, Inc.
2022-Q1 EPS reported
-$0.15
revenue$400,226,000
- Revenue $400.2M vs $371.0M YoY; driven by higher revenue per enrollment and Career Learning growth.
- Loss from operations $7.0M vs income $12.1M; return to normal seasonality in upfront expenses.
- Diluted net loss per share $0.15 vs diluted net income per share $0.30.
- Adjusted EBITDA $25.5M vs $39.2M; adjusted operating income $4.5M vs $23.0M.
- Guides to revenue and profitability growth for FY2022, fueled by Career Learning demand.