Nerdy, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
February 28, 2023 at 09:05 pm
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Nerdy, Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was USD 41.8 million compared to USD 42.02 million a year ago. Net loss was USD 8.73 million compared to net income of USD 17.5 million a year ago.
Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.22 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. 
