Nerdy, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2022
May 16, 2022 at 05:00 pm EDT
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Nerdy, Inc. provided earnings guidance for the second quarter and full year of 2022. For the quarter, The company expects revenue in the range of $37 million to $40 million, up 17% at the midpoint from $32.8 million in the year ago quarter.
For the year, The company expects revenue in a range of $160 million to $175 million, representing 19% growth at the midpoint versus 2021 revenue of $140.7 million.
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. 
