secwatch.observer — SEC 8-K summary
======================================

Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001651562-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera Q1 revenue $147.6M (+23% YoY); announces $95M share repurchase
-----------------------------------------------------------------------

- Revenue $147.6M (+23% YoY); net loss $(32.4)M improved from $(38.3)M; Adj. EBITDA $(7.5)M.
- Free cash flow turned positive at $1.5M vs negative $(42.2)M a year ago.
- Board authorized $95M share repurchase to reduce dilution from 2022 employee stock issuances.
- Gross margin fell to 52.5% from 64.5% due to cost shift from largest industry partner contract.
- Launched ten new degree programs during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000165156223000003/0001651562-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000165156223000003/cour-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001651562-23-000003

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