STRIDE Reports 6.2% Increase in Total Revenue for Q4 2023, Totaling USD 483.5 Million
August 23, 2023
☀️Earnings Overview
STRIDE ($NYSE:LRN) announced that for the fourth quarter of the fiscal year ending on June 30 2023, total revenue grew by 6.2% compared to the equivalent period last year, amounting to USD 483.5 million. Net income had also gone up by 54.4% year over year, with the total figure standing at USD 43.4 million as of August 15 2023.
Analysis
GoodWhale conducted an analysis of STRIDE‘s wellbeing, and according to Star Chart, the company scored a 9/10 in terms of their cashflows and debt, indicating that they are in good health and capable of sustaining operations in times of crisis. STRIDE is classified as a ‘gorilla’ company, meaning they have achieved stable and high revenue or earning growth due to their competitive advantage. This makes them very attractive to many types of investors, such as those looking for growth opportunities, those interested in profits, and those who wish to diversify their portfolio with a strong asset. However, the company is weaker in terms of dividend payments, making it less appealing to investors who are primarily looking to generate income from their investment. In conclusion, STRIDE is an attractive investment opportunity for many investors, providing an opportunity for growth and capital appreciation. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stride. More…
| Total Revenues | Net Income | Net Margin |
| 1.84k | 126.87 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stride. More…
| Operations | Investing | Financing |
| 203.15 | -118.24 | -63.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stride. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.76k | 813.37 | 22.01 |
Key Ratios Snapshot
Some of the financial key ratios for Stride are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.9% | 72.1% | 9.8% |
| FCF Margin | ROE | ROA |
| 7.4% | 12.2% | 6.4% |
Peers
The company operates online and offline universities and colleges. As of March 31, 2019, the company operated 85 campuses in 29 states of the United States and Puerto Rico and enrolled approximately 75,200 students. The company’s primary competitors are Cogna Educacao SA, Perdoceo Education Corp, and Grand Canyon Education Inc.
– CognaEducacao SA ($OTCPK:COGNY)
Cogna Educacao SA is a leading provider of educational services in Brazil. The company offers a wide range of educational services, including primary and secondary education, higher education, and vocational training. Cogna Educacao SA has a market cap of 1.05B as of 2022 and a return on equity of 2.54%. The company’s primary and secondary education segment provides educational services to students aged 3 to 17 years. The higher education segment offers educational services to students aged 18 years and above. The vocational training segment provides vocational training to students aged 18 years and above.
– Perdoceo Education Corp ($NASDAQ:PRDO)
Perdoceo Education Corp has a market cap of 771.07M as of 2022, a Return on Equity of 16.14%. The company provides higher education services and products to colleges and universities. It offers online and on-campus undergraduate and graduate programs, as well as professional development courses. The company was founded in 1892 and is headquartered in Boston, Massachusetts.
– Grand Canyon Education Inc ($NASDAQ:LOPE)
As of 2022, Canyon Education Inc has a market cap of 2.8B and a ROE of 33.2%. The company provides educational services to students through its online platform. Canyon Education Inc has a strong market position and is well-positioned to continue its growth in the online education space.
Summary
STRIDE reported strong growth for the fourth quarter ending June 30 2023, with total revenue rising 6.2% year over year to USD 483.5 million and net income rising 54.4% to USD 43.4 million. This indicates a positive trend in the company’s performance, which will likely be welcomed by investors. Further analysis of the company’s financials will be necessary to determine whether these figures represent a sustainable or sustainable improvement in STRIDE’s performance.
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