secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001193125-22-284542
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q3 revenue $31.8M in line; Learning Membership run-rate $50.2M; guides Q4 rev $39-41M
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- Revenue $31.8M (guidance $30-33M); net loss $(32.3)M vs $(57.7)M prior year; adjusted EBITDA loss $(14.0)M at high end of guidance.
- Learning Memberships hit $50.2M annualized run-rate; recognized revenue $5.8M (18% of total) vs 2% in Q2.
- Institutional: 21 new contracts, $5.6M bookings; average contract value more than doubled.
- Q4 guidance: revenue $39-41M, adjusted EBITDA loss $6-8M; FY2022 rev $160-162M, adjusted EBITDA loss $36-38M.
- Cash $106.4M, no debt; reaffirms adjusted EBITDA profitability by end of 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522284542/0001193125-22-284542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312522284542/d260037d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-284542

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