secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001193125-23-272414
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q3 revenue $40.3M (+27% YoY) beats guidance; Q4 outlook $54-56M
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- Revenue $40.3M, above $38-40M guidance; net loss $20.6M vs $32.3M loss YoY.
- Non-GAAP adjusted EBITDA loss $8.2M (top of $8-10M guidance), vs $14.0M loss YoY.
- Consumer revenue $34.5M (+19% YoY); Institutional $5.6M (+133% YoY); gross margin record 72.4%.
- Learning Memberships 100% of consumers; 39.5K active members; annualized run rate $164M (3x YoY).
- Q4 revenue guidance $54-56M (32% growth at midpoint); FY guidance $192-194M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312523272414/0001193125-23-272414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312523272414/d576408d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-272414

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