Q4 2024 Stride Inc Earnings Call Transcript
Key Points
- Stride Inc (LRN) achieved a record year with revenue surpassing $2 billion for the first time.
- Earnings per share increased by 58% year-over-year, marking a significant growth since 2020.
- The company reported its highest gross margin in over five years, indicating improved profitability.
- Stride Inc (LRN) saw record enrollment levels, surpassing even the pandemic highs.
- The company received multiple awards for its educational offerings, highlighting its strong market position and innovation.
- Adult Learning revenue declined by 16% due to continued softness in IT offerings.
- The company faces potential headwinds from the loss of federal ESSER funding, which could impact revenue per enrollment growth.
- There is a divergence in revenue per enrollment between Career Learning and General Education, with Career Learning showing slower growth.
- Stride Inc (LRN) anticipates a flat revenue per enrollment growth for FY 2025, indicating potential challenges in maintaining growth momentum.
- Selling, general, and administrative expenses increased by 7%, driven by investments in technology and higher stock-based compensation.
Good afternoon. And welcome to the Stride fourth quarter fiscal 2024 earnings call. Please note that this call is being recorded. (Operator Instructions)
I will now turn the call over to Timothy Casey, Vice President of Investor Relations. You may begin your conference.
Thank you. And good afternoon. Welcome to Stride's fourth quarter and year-end earnings call for fiscal 2024. With me on today's call are James Rhyu, Chief Executive Officer; and Donna Blackman, Chief Financial Officer. As a reminder, today's conference call and webcast are accompanied by a presentation that can be found on the Stride Investor Relations website.
Please be advised that today's discussion of our financial results may include certain non-GAAP financial measures. A reconciliation of these measures is provided in the earnings release issued this afternoon and can also be found on our Investor Relations website.
In addition to historical information, this call may also involve forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
