secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001193125-22-221230
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q2 revenue $42.2M beats guidance; Active Learners up 36% YoY; FY22 outlook reaffirmed
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- Revenue $42.2M (+29% YoY) above guidance range of $37-40M; gross profit $28.8M (+35.2% YoY).
- Active Learners 74K (+36%), Online Sessions 630K (+35%), Active Experts +42% vs Q2 2021.
- Net income $15.3M vs net loss $0.3M in prior year; adjusted EBITDA loss $9.6M within guidance.
- Completed Codeverse acquisition in July; will integrate into Learning Membership later in 2022.
- Q3 revenue guidance $30-33M; full-year revenue reaffirmed $160-175M; target EBITDA profitability by end of 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522221230/0001193125-22-221230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522221230/d256539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-221230

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