STRIDE, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) – Marketscreener.com

? Executive Summary – a general description of our business and key highlights of
the three and six months ended December 31, 2022.
? Critical Accounting Estimates – a discussion of critical accounting estimates
requiring judgments and the application of critical accounting policies.
? Results of Operations – an analysis of our results of operations in our
condensed consolidated financial statements.
Liquidity and Capital Resources – an analysis of cash flows, sources and uses
? of cash, commitments and contingencies, and quantitative and qualitative
disclosures about market risk.
Executive Summary
Our clients are primarily public and private schools, school districts, and charter boards. Additionally, we offer solutions to employers, government agencies and consumers.
Environmental, Social and Governance
Critical Accounting Estimates
Table of Contents
Results of Operations
Impacts of COVID-19 on Stride’s Business
Lines of Revenue
Enrollment Data
(23.6%) 111.5 146.1 (34.6) (23.7)% Career Learning (1) (2)
Enrollments reported for the first quarter are equal to the official count (1) date number, which was September 30, 2022 for the first quarter of fiscal
year 2023 and September 30, 2021 for the first quarter of fiscal year 2022.
(2) No enrollments are included in Career Learning for Galvanize, Tech Elevator
Support Services – We offer a broad range of support services, including marketing and enrollment, supporting prospective students through the admission process, assessment management, administrative support (e.g., budget
Table of Contents
Financial Information
The following table sets forth statements of operations data and the amounts as a percentage of revenues for each of the periods indicated:
Six Months Ended December 31,
Comparison of the Three Months Ended December 31, 2022 and 2021
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the same period in the prior year. The decrease in the effective tax rate for the three months ended December 31, 2022 was primarily due to the impact of non-deductible compensation.
Comparison of the Six Months Ended December 31, 2022 and 2021
Liquidity and Capital Resources
Table of Contents
represents an initial conversion price of approximately $52.88 per share of common stock. The Notes will be redeemable at our option at any time after September 6, 2024 at a cash redemption price equal to the principal amount of the Notes, plus accrued and unpaid interest, subject to certain stock price hurdles as discussed in the Indenture.
Operating Activities
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