secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001193125-24-133089
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q1 revenue $53.7M (+9% YoY); Learning Memberships up 34%; positive adj EBITDA $24K
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- Consumer Learning Membership revenue $39.9M (+34% YoY), 74% of total revenue; Active Members 46.1K (+40% YoY).
- Institutional revenue $11.9M (+39% YoY), record; enabled 1.2M new students, total 2.2M across 475 districts.
- Net loss $12.0M (incl $11.1M stock comp); non-GAAP adjusted EBITDA positive $24K vs guidance -$3M to $0.
- Operating cash flow $4.4M; no debt, cash $77M. Q2 revenue guidance $50-52M; full yr reaffirmed $232-246M.
- FY2024 adj EBITDA guidance $5-15M; Q2 adj EBITDA expected -$4M to -$2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/0001193125-24-133089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524133089/d829669d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-133089

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