secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001193125-22-057871
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy reports record Q4 revenue of $42M, full year $140.7M; guides FY2022 revenue $196-200M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522057871/0001193125-22-057871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522057871/d69511d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-057871

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