secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001193125-24-196950
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q2 revenue $51M (+4% YoY), net loss $14.4M; cuts guidance
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- Revenue $51.0M (+4% YoY) in line with guidance; net loss $14.4M vs $5.6M loss last year.
- Adjusted EBITDA loss $2.1M (top of guidance) vs +$1.3M last year; full-year EBITDA guided -$19M to -$21M.
- Active Members 35.5K (+15% YoY) but ARPM fell to $281 from $352 due to higher mix of lower-frequency memberships.
- Institutional revenue $11.1M (+33% YoY); freemium platform now reaches 3.3M students across ~600 districts.
- Cash $69.8M, no debt; Q3 revenue guided $35-38M, full-year revenue $196-204M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524196950/0001193125-24-196950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524196950/d867914d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-196950

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