secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001193125-24-047907
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q4 revenue $55.1M (+32% YoY); non-GAAP EBITDA positive $3.0M, beats guidance
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- Q4 revenue $55.1M (+32% YoY); Consumer subscription rev $43.5M (+109%); Institutional rev $11.3M (+160%).
- Active Learners 40.7K (+101% YoY); annualized run-rate from Learning Memberships $151M (+74%).
- Q4 non-GAAP adjusted EBITDA positive $3.0M (vs breakeven guidance); full-year loss $2.5M vs $35.7M prior.
- Varsity Tutors for Schools Q4 bookings $10.3M (42 contracts); full-year bookings $37.6M (+52%).
- 2024 guidance: revenue growth ~24% YoY, positive operating cash flow, further margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524047907/0001193125-24-047907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524047907/d770750d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-047907

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