2024-05-24 11:13:54 ET
Summary
- Stride, a leading educational service provider, has experienced significant growth, doubling its revenue between FY18 and FY23.
- The online education industry in the US is projected to grow at a CAGR of 10.52% between FY24 and FY29, providing further growth opportunities for Stride.
- The company is expected to cross the $2B revenue threshold in FY24, driven by increased enrollment and strong margins.
- FY28 guidance released by management appears achievable through a strategy based on organic growth and acquisitions.
Stride, Inc. ( LRN ) is among the leading educational service providers in the US, offering virtual and blended alternatives to traditional schooling for students, as well as training courses aimed at preparing individuals for the workforce. Starting in FY21, partly due to the restrictions caused by the pandemic, the company increased its growth rate, doubling its revenue between FY18 and FY23, and it is expected to cross the $2B revenue threshold in FY24. The highly scalable nature of the business allowed increased enrollment to significantly boost margins and earnings, which demonstrated a strong upward trend....
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Stride: Unlocking Growth Potential Through Scalability And Cash On Hand