secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001193125-23-053808
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312523053808/0001193125-23-053808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312523053808/d415227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-053808

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