Stride Q1 FY2024 revenue $480.2M (+12.9% YoY); net income $4.9M vs $22.7M loss

Stride, Inc.

2024-Q1 EPS reported $0.11 revenue$480,181,000

Record Q1 revenue of $480.2M, up 12.9% from $425.2M; driven by General Education and Career Learning enrollment strength.
GAAP net income of $4.9M ($0.11 diluted EPS) vs net loss of $22.7M ($0.54 loss per share) in prior year.
Income from operations of $3.3M, compared to loss from operations of $28.7M; adjusted operating income $14.8M vs loss of $19.9M.
Adjusted EBITDA of $39.8M, a significant increase from $3.0M in Q1 FY2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Stride, Inc. reported first quarter ended September 30, 2023 results: revenue $480.2 million, net income Net income of $4.9 million, EPS Diluted net income per share of $0.11.

Period: first quarter ended September 30, 2023
Revenue: $480.2 million
Net income: Net income of $4.9 million
EPS: Diluted net income per share of $0.11
Result: reported results

Exact text from the filing

education companies, today announced the results from its first fiscal quarter ended September 30, 2023. First Quarter Fiscal 2024 Highlights Compared to 2023 Revenue of $480.2 million, compared with $425.2 million, driven by General Education and Career Learning enrollment strength. Income from operations of $3.3 million, compared with loss from operations of

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Source: SEC EDGAR

accession 0001157523-23-001530

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