secwatch.observer — SEC 8-K summary
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Issuer:     Nerdy Inc. (NRDY)
CIK:        0001819404
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001193125-24-253122
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nerdy Q3 revenue $37.5M (-7% YoY); net loss $25.0M; adj. EBITDA loss $14.0M beats guidance
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- Revenue $37.5M (down 7% YoY from $40.3M); gross margin 70.5% vs. 72.4% a year ago.
- Net loss $25.0M vs. $20.6M YoY; non-GAAP adj. net loss $15.1M.
- Adjusted EBITDA loss of $14.0M beat guidance range of -$17M to -$19M.
- Active Members 39.7K (up 1% YoY); ARPM $302 vs. $346 a year ago; Learning Membership revenue $31.4M (84% of total).
- Institutional revenue $5.4M; 117 contracts ($8.5M bookings); 32% of paid contracts from free-access conversions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524253122/0001193125-24-253122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819404/000119312524253122/d764878d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-253122

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