Nerdy posts record Q1 revenue $46.9M (+36% YoY); COO Ian Clarkson departs

Nerdy Inc.

2022-Q1 EPS reported -$0.21 revenue$46,925,000

Revenue $46.9M (record), bookings $48.5M, net loss ($31.7M) vs ($5.7M) YoY.
Non-GAAP adjusted EBITDA loss ($6.6M) vs ($0.3M); cash $141.7M, no debt.
Active Learners +56%, Online Sessions +57%, Active Experts +37%.
Small class/group revenue $6.4M (+243%); Varsity Tutors for Schools $4.6M (10% rev), 61 new contracts.
President & COO Ian Clarkson departed May 13; will consult 9 months, equity adjustments.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ian Clarkson

President and Chief Operating Officer

NRDY · Nerdy Inc.

Effective: 2022-05-13
Filed: May 16, 2022, 7:59 PM ET

Ian Clarkson, the Company’s President and Chief Operating Officer, will be departing the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ian Clarkson departed as President and Chief Operating Officer at Nerdy Inc..

Action: departed
Role: President and Chief Operating Officer

Exact text from the filing

Ian Clarkson, the Company’s President and Chief Operating Officer, will be departing the Company.

View on SEC.gov

Nerdy Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-151700

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.