secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001193125-21-329832
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q3 revenue $31.3M (+19%), launches K12 institutional strategy; guides Q4 rev $40-43M
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- Revenue $31.3M (+19% YoY); net loss $57.7M incl $7.2M transaction costs; adjusted EBITDA loss $11.7M.
- Active Learners 52k (+36% YoY), Online Sessions 451k (+45%); bookings $44.5M (+32% YoY).
- Launched Varsity Tutors for Schools with 47 contracts signed worth ~$10M annual contract value.
- Q4 2021 revenue guidance $40-43M (midpoint +25% YoY); full-year $138-141M (+35% midpoint).
- Completed SPAC merger with TPG Pace on Sep 20; $170M cash and no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312521329832/0001193125-21-329832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312521329832/d241288d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-329832

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer