K12 Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Half Year Ended December 31, 2019
January 27, 2020 at 09:33 pm
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K12 Inc. announced unaudited consolidated earnings results for the second quarter and half year ended December 31, 2019. For the second quarter, the company announced sales was USD 257.559 million compared to USD 254.872 million a year ago. Operating income was USD 30.305 million compared to USD 33.290 million a year ago. Net income was USD 20.594 million compared to USD 23.712 million a year ago. Basic earnings per share was USD 0.52 compared to USD 0.61 a year ago. Diluted earnings per share was USD 0.52 compared to USD 0.59 a year ago.
For the half year, sales was USD 514.680 million compared to USD 506.186 million a year ago. Operating income was USD 10.917 million compared to USD 19.538 million a year ago. Net income was USD 10.864 million compared to USD 15.430 million a year ago. Basic earnings per share was USD 0.28 compared to USD 0.4 a year ago. Diluted earnings per share was USD 0.27 compared to USD 0.38 a year ago.
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.
STRIDE, INC. 
