Nerdy, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 07, 2024 at 04:07 pm EDT
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Nerdy, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 53.73 million compared to USD 49.18 million a year ago. Net loss was USD 7.45 million compared to USD 18.93 million a year ago.
Basic loss per share from continuing operations was USD 0.07 compared to USD 0.21 a year ago.
Nerdy Inc. operates a platform for live online learning. The Companyâs platform leverages technology, including artificial intelligence (AI), to connect students, users, parents, guardians, and purchasers of all ages to tutors, instructors, subject matter experts, educators, and other professionals. Its comprehensive learning destination provides learning experiences across numerous subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessments, and self-study tools. The Companyâs flagship business, Varsity Tutors LLC (Varsity Tutors), is a platform for live online tutoring and classes. Its solutions are available directly to learners, as well as through education systems. Its offerings also include Varsity Tutors for Schools, a product suite that leverages its platform capabilities to offer high dosage tutoring and its online learning solutions to institutions.
NERDY, INC. 
