secwatch.observer — SEC 8-K summary
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Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001651562-23-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera Q3 revenue $165.5M (+21% YoY); raises FY 2023 revenue outlook to $630M
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- Q3 revenue $165.5M (+21% YoY); net loss $(32.1M) vs $(36.0M) a year ago.
- Non-GAAP net loss improved to $(2.1M) from $(8.6M); adjusted EBITDA loss $(5.3M) vs $(4.9M) a year ago.
- FY 2023 revenue outlook raised to $630M midpoint; adjusted EBITDA margin outlook improved to (2.5)%.
- Free cash flow $15.6M vs $1.3M a year ago; gross margin 50.3% impacted by contract extension with largest industry partner.
- Launched AI-powered translation for 4,000+ courses in seven languages.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000165156223000023/0001651562-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000165156223000023/cour-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001651562-23-000023

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