Nerdy

Nerdy, Inc. engages in the operation of a platform for live online learning with a mission to transform the way people learn through technology. The firm's purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Its learning destination provides learning experiences across multiple subjects and formats, including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through schools and other institutions. The company was founded by Chuck Cohn in October 2007 and is headquartered in St. Louis, MO.

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Nerdy exceeds Q4 revenue expectations, focuses on learning memberships

Nerdy's Q4 performance exceeded expectations, driven by learning memberships and institutional growth. The company's focus on AI-driven products and transitioning to memberships presents opportunities for revenue enhancement. Challenges remain in achieving EBITDA profitability and effectively transitioning consumer business.

Nerdy surpasses Q1 targets with strong revenue and AI-driven growth

Nerdy's Q1 performance exceeded expectations, driven by strong revenue, profitability, and customer engagement across learning memberships and institutional segments.
While facing margin challenges and condensed revenue assumptions, the company's focus on AI, marketing efficiency, and new product launches positions it well for sustained growth.
Opportunities lie in transitioning customers to recurring revenue, leveraging American rescue plan funds, and expanding AI applications in education to drive innovation and revenue.
Overall, Nerdy's strategic focus on AI, customer value, and market expansion sets a solid foundation for future growth and competitive positioning in the education technology sector.

Nerdy surpasses Q2 targets with strong membership and institutional growth

Nerdy's Q2 performance exceeded expectations, driven by strong learning membership revenue and institutional business growth.
Operational efficiency improvements, AI integration, and strategic marketing investments position Nerdy for continued success.
While challenges exist in market dynamics and managing growth-related costs, the company's focus on memberships and AI offers growth potential.

Nerdy beats Q3 expectations with strong revenue growth and profitability

Nerdy's Q3 performance exceeded expectations, driven by strong revenue growth and improved profitability.
The company's focus on new subscription models and customer flexibility has shown promising results.
Challenges lie in maintaining operational efficiency and balancing benefits for active experts.
Opportunities for growth include market expansion, product innovation, and leveraging AI algorithms for better outcomes.

Nerdy (NRDY) posts robust Q4 results, eyes profitable growth

Nerdy's Q4 2023 performance reflects strong revenue growth, margin improvement, and positive adjusted EBITDA, setting the stage for profitable growth in 2024.
The company's strategic focus on scaling subscription products, leveraging AI, and implementing a freemium growth strategy highlights its strengths and growth potential.
While facing challenges in retention, customer transition, and cost management, Nerdy is well-positioned to capitalize on opportunities in converging businesses, marketplace awareness, and product expansion.

Nerdy Inc. reports robust Q1 earnings, eyes growth opportunities ahead

Nerdy's Q1 performance reflects strong revenue growth, profitability, and positive outlook for future quarters, driven by successful product scaling and expansion efforts.
While facing challenges in strategy implementation and market dynamics, the company's strengths in revenue generation and customer reach position it well for growth.
With a focus on optimizing operations, enhancing marketing strategies, and seizing market opportunities, Nerdy is poised to capitalize on its current momentum.

Nerdy reports Q3 revenue decline, eyes growth opportunities in 2025

Nerdy faced revenue challenges in Q3 2024 but showed strengths in student engagement and customer retention efforts.
The company's cost management improved with decreased general and administrative expenses, balancing increased sales and marketing costs.
Guidance for Q4 revenue and adjusted EBITDA indicates expectations for sequential improvement and growth into 2025.

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Nerdy, Inc. engages in the business of operating a platform for live online learning. The firm is also involved in providing a purpose-built proprietary platform that leverages technology including artificial intelligence, to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals delivering superior value on both sides of the network. The company was founded by Charles K. Cohn in October 2007 and is headquartered in St. Louis, MO.

I deem Nerdy's shares to be attractively valued, based on an evaluation of the stock's valuation multiples and the company's growth outlook. Both NRDY's Consumer and Institutional business segments have strong growth prospects as per key metrics revealed by the company at recent investor events. I still award a Buy rating to Nerdy, as the company's shares have the potential to rise further.

Nerdy Stock: Still Has Legs To Run

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on September 6, 2023 at 5:25 p.m. ET / 4:25 p.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's.

Nerdy to Participate in Goldman Sachs Communacopia & Technology Conference

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ST. LOUIS--(BUSINESS WIRE)--Varsity Tutors for Schools, a Nerdy (NYSE: NRDY) company and the leading platform for live online tutoring, is proud to announce its selection by the Ohio Department of Education to provide high-quality tutoring services for Future Forward Ohio. The collaboration aims to accelerate learning in literacy and numeracy while boosting workforce readiness and student wellness. Varsity Tutors for Schools has been appointed by the Ohio State Department of Education after und.

Ohio Department of Education Partners with Varsity Tutors to Accelerate Student Learning and Recovery

Nerdy, Inc. (NYSE:NRDY ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants TJ Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Officer Conference Call Participants Bryan Smilek - JPMorgan Matt Shea - Needham Andrew Boone - JMP Securities Operator Good afternoon. Thank you for attending today's Nerdy, Inc. Second Quarter 2023 Earnings Call.

Nerdy, Inc. (NRDY) Q2 2023 Earnings Call Transcript

Nerdy Inc. (NRDY) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.16 per share. This compares to loss of $0.21 per share a year ago.

Nerdy Inc. (NRDY) Q2 Earnings and Revenues Surpass Estimates

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the second quarter ended June 30, 2023. “Our strong start to the year continued into the second quarter. The business model improvements stemming from our new ‘always on' offerings, combined with the application of AI, drove revenue and adjusted EBITDA outperformance relative to our guidance.” said Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy Inc. “We are pleased to report that our Co.

Nerdy Announces Second Quarter 2023 Financial Results

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its second quarter financial results for the period ended June 30, 2023 after the U.S. stock market closes on Tuesday, August 8, 2023. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S. may listen to the c.

Nerdy to Announce Second Quarter 2023 Results on August 8, 2023

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Canaccord Genuity 43rd Annual Growth Conference on August 10, 2023 at 10:00 a.m. ET / 9:00 a.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's investor.

Nerdy to Participate in Canaccord Genuity Annual Growth Conference

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BURBANK, Calif. & ST. LOUIS--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: VARSITY TUTORS, WARNER BROS. DISCOVERY GLOBAL CONSUMER PRODUCTS, AND DC PARTNER ON DRAW-ALONG SERIES FEATURING THE FLASH DC writer and artist Francis Manapul brings the summer's fastest movie hero to life in a live interactive art experience for kids Varsity Tutors, a Nerdy (NYSE: NRDY) company and one of the nation's largest platfor.

CORRECTING and REPLACING  Varsity Tutors, Warner Bros. Discovery Global Consumer Products, and DC Partner on Draw-Along Series Featuring The Flash

BURBANK, Calif. & ST. LOUIS--(BUSINESS WIRE)--Varsity Tutors, a Nerdy (NYSE: NRDY) company and one of the nation's largest platforms for live online tutoring and classes, in partnership with Warner Bros. Discovery Global Consumer Products, is teaming up with DC, one of the largest and oldest American comic book companies, to bring kids a unique summer draw-along series featuring DC's premiere superhero The Flash. The classes are part of Varsity Tutors' free StarCourse content, a collection of e.

Varsity Tutors, Warner Bros. Discovery Global Consumer Products, and DC Partner on Draw-Along Series Featuring The Flash

Nerdy, Inc. is a prominent online learning platform with a unique AI/ML algorithm for matching learners and experts, poised for double-digit revenue growth. The company has successfully transitioned to a membership model and has a large total addressable market in the expanding direct-to-consumer learning market. I view NRDY stock as a buy and have an end-of-year price target of $4.5 on the stock derived from 2x FY24E revenue of $252 million.

I Remain Bullish On Nerdy's Unique Position In The Online Learning Market

The heavy selling pressure might have exhausted for Nerdy Inc. (NRDY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -11.34% in 4 Weeks, Here's Why Nerdy Inc. (NRDY) Looks Ripe for a Turnaround

Nerdy Inc. (NRDY) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -22.79% in 4 Weeks, Here's Why You Should You Buy the Dip in Nerdy Inc. (NRDY)

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Nerdy, Inc. (NYSE:NRDY ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants TJ Lynn - Associate General Counsel Chuck Cohn - Founder, Chairman and Chief Executive Officer Jason Pello - Chief Financial Office Conference Call Participants Ryan MacDonald - Needham & Company Bryan Smilek - JPMorgan Brett Knoblauch - Cantor Fitzgerald Eric Sheridan - Goldman Sachs Operator Good afternoon. Thank you for attending the Nerdy First Quarter 2023 Earnings Call.

Nerdy, Inc. (NRDY) Q1 2023 Earnings Call Transcript

Nerdy Inc. (NRDY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.21 per share a year ago.

Nerdy Inc. (NRDY) Reports Break-Even Earnings for Q1

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY) today announced financial results for the first quarter ended March 31, 2023. “One year ago, we unveiled an ambitious plan to evolve our products and revenue model toward long-term recurring ‘always-on' relationships with our customers. I am pleased to share that in the first quarter, we executed at a high level and returned to growth, having substantially evolved our business model,” said Chuck Cohn, Founder, Chairman and Chief Executive Offi.

Nerdy Announces First Quarter 2023 Financial Results

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the J.P. Morgan Global Technology, Media, and Communications Conference on May 24, 2023 at 2:00 p.m. ET / 1:00 p.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on.

Nerdy to Participate in J.P. Morgan Global Technology, Media and Communications Conference

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that management will participate in a fireside chat at the Needham Technology & Media Conference on May 18, 2023 at 11:45 a.m. ET / 10:45 a.m. CT. Chuck Cohn, Founder, Chairman, and Chief Executive Officer, and Jason Pello, Chief Financial Officer, will represent Nerdy at the conference. A live webcast of the fireside chat will be available on Nerdy's investor relatio.

Nerdy to Participate in Needham Technology & Media Conference

Nerdy's revenue growth is expected to accelerate from +15.6% in FY 2022 to +20% for FY 2023, with the planned completion of the transition to the new membership model.

Nerdy: Positive 2023 Outlook Isn't Fully Priced In

ST. LOUIS--(BUSINESS WIRE)--Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced the company will release its first quarter financial results for the period ended March 31, 2023 after the U.S. stock market closes on Tuesday, May 9, 2023. Following the release, Nerdy management will host a conference call and webcast at 5:00 p.m. Eastern Time to discuss the company's financial and operating results. Interested parties in the U.S.

Nerdy to Announce First Quarter 2023 Results on May 9, 2023

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Nerdy's learning memberships are proving popular with students. CEO Chuck Cohn sees a path to adjusted EBITDA profitability by the end of 2023.

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