Stride Q1 revenue up 6.2% to $425.2M; net loss widens to $22.7M

Stride, Inc.

2022-Q1 EPS reported -$0.54 revenue$425,150,000

Revenue $425.2M (+6.2% YoY) on Career Learning enrollment strength and Adult Learning growth.
Net loss $22.7M ($0.54 diluted loss) vs $5.9M loss ($0.15 loss) a year ago; operating loss $28.7M.
Adjusted EBITDA $3.0M, down from $25.5M, due to earlier hiring, inflationary costs, and new product investments.
Company guides to seventh straight year of revenue growth (no specific range provided in release).

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