earnings
confidence high
sentiment positive
materiality 0.75
Nerdy reports record Q4 revenue of $42M, full year $140.7M; guides FY2022 revenue $196-200M
Nerdy Inc.
2021-FY EPS reported
-$0.05
revenue$140,664,000
- Full-year revenue $140.7M (+35% YoY); Q4 revenue $42.0M (+27% YoY); bookings $159.9M (+48% YoY).
- Net loss for 2021 was $(30.7)M; adjusted EBITDA loss $(22.4)M vs $(8.9)M in 2020.
- Active Learners grew 46% YoY; Online Sessions up 73%; signed 100 school district contracts since Aug 2021.
- FY2022 revenue guidance $196-200M (>40% growth at midpoint); Q1'22 guidance $45-48M.
- Balance sheet has $144M cash and no debt; capital sufficient to fund growth and targeted M&A.