secwatch.observer — SEC 8-K summary
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Issuer:     Coursera, Inc. (COUR)
CIK:        0001651562
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001651562-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coursera Q3 revenue up 6% to $176M; narrows loss; announces 10% workforce reduction and $30M cost savings
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- Revenue $176.1M (+6% YoY); net loss $(13.7)M vs $(32.1)M; non-GAAP EPS $0.10.
- Adjusted EBITDA $13.3M (7.6% of rev) vs $(5.3)M; operating cash flow $27.8M.
- Raised FY2024 EBITDA margin outlook to 5.4% midpoint (+170bps).
- Plans 10% workforce reduction; expects $30M+ in annualized cost savings.
- Gross margin 55% (up from 50%); non-GAAP gross margin 56%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1651562/000165156224000052/0001651562-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1651562/000165156224000052/cour-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001651562-24-000052

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