Nerdy Q4 revenue $41.8M beats guidance; Learning Memberships hit 50% of revenue; guides FY23 revenue $190-200M

Nerdy Inc.

2022-FY EPS reported -$0.41 revenue$162,665,000

Q4 revenue $41.8M (above $39-41M guidance); FY22 revenue $162.7M (+16% YoY).
Learning Membership revenue $20.8M (50% of total), annualized run-rate $87M; active members 20K+ with ARPM ~$350.
Gross margin 70.5% (+230 bps YoY); adjusted EBITDA loss $(5.5)M, in line with prior year and beating guidance.
Institutional bookings record $11.3M in Q4; over 70 contracts including first Teacher Assigned partnership.
Guides Q1'23 revenue $45-47M, FY'23 revenue $190-200M; expects adjusted EBITDA profitability by end of 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nerdy Inc. reported the fourth fiscal quarter ended December 31, 2022 results: revenue $41.8 million. Guidance reaffirmed.

Period: the fourth fiscal quarter ended December 31, 2022
Revenue: $41.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

We delivered revenue of $41.8 million for the fourth quarter, above our guidance range of $39-41 million.

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Source: SEC EDGAR

accession 0001193125-23-053808

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