Zovio (ZVOI)

Company Profile

Zovio is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, which includes Fullstack Academy, TutorMe, and Learn@Forbes, leverages its core strengths and applies its technology and capabilities to priority market needs. Using advanced data and analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own.

Company profile

Ticker

ZVOI

Exchange

NASDAQ

Website

www.zovio.com

CEO

Andrew S. Clark

Incorporated

Delaware

Location

Arizona

Fiscal year end

Dec 31

Sector

Educational Services > Colleges, Universities, and Professional Schools

Industry (SIC)

Services - Educational Services

Graham • Adtalem Global Education • New Oriental Education & Technology • Perdoceo Education • Stride • Meta Data Limited • Sunlands Technology • 17 Education & Technology • Ambow Education Holding • Gaotu Techedu ...

Former names

Bridgepoint Education Inc

SEC CIK

0001305323

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Maverick, LLC • Insource Shared Services, LLC • Ed Tech Platform, LLC • Fullstack Academy, LLC • TutorMe, LLC • TutorMe RUS LLC ...

IRS number

593551629

ZVOI stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

Securities registration termination

8 Dec 22

S-8 POS

Registration of securities for employees (post-effective amendment)

7 Dec 22

8-K

Zovio Inc Reports Unaudited Pro Forma

30 Nov 22

8-K

Departure of Directors or Certain Officers

21 Nov 22

Notice of late quarterly filing

14 Nov 22

8-K

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

2 Nov 22

8-K

Submission of Matters to a Vote of Security Holders

26 Oct 22

DEF 14A

Definitive proxy

3 Oct 22

Transcripts

View all

ZVOI

Earnings call transcript

2022 Q2

1 Aug 22

ZVOI

Earnings call transcript

2022 Q1

10 May 22

ZVOI

Earnings call transcript

2021 Q3

28 Oct 21

ZVOI

Earnings call transcript

2021 Q2

29 Jul 21

ZVOI

Earnings call transcript

2021 Q1

13 May 21

ZVOI

Earnings call transcript

2020 Q4

25 Feb 21

ZVOI

Earnings call transcript

2020 Q3

28 Oct 20

ZVOI

Earnings call transcript

2020 Q2

3 Aug 20

ZVOI

Earnings call transcript

2020 Q1

29 Apr 20

ZVOI

Earnings call transcript

2019 Q4

20 Feb 20

Latest ownership filings

View all

SC 13G/A

ROYCE & ASSOCIATES LP

31 Jan 23

SC 13G/A

Nantahala Capital Management, LLC

14 Dec 22

SC 13D/A

SevenSaoi Capital, LLC

23 Nov 22

SC 13G/A

BROWN BROTHERS HARRIMAN & CO

8 Nov 22

SC 13G/A

HEARTLAND ADVISORS INC

9 Sep 22

John Kiely

2 Sep 22

John Silvanus Jr. Wilson

Financial summary

Financial statements Chart ZVOI financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.03 mm	6.03 mm	6.03 mm	6.03 mm	6.03 mm	6.03 mm
Cash burn (monthly)	6.95 mm	2.95 mm	1.24 mm	3.29 mm	5.17 mm	6.38 mm
Cash used (since last report)	29.13 mm	12.35 mm	5.19 mm	13.76 mm	21.65 mm	26.70 mm
Cash remaining	-23.10 mm	-6.32 mm	833.92 k	-7.74 mm	-15.62 mm	-20.67 mm
Runway (months of cash)	-3.3	-2.1	0.7	-2.4	-3.0	-3.2

Beta Read what these cash burn values mean

Financial data from Zovio earnings reports.

Institutional ownership, Q3 2022

ZVOI institutional ownership history Ownership history

23.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	32	33	-3.0%
Opened positions	6	5	+20.0%
Closed positions	7	6	+16.7%
Increased positions	7	10	-30.0%
Reduced positions	9	12	-25.0%

13F shares	Current	Prev Q	Change
Total value	1.17 mm	13.03 mm	-91.1%
Total shares	8.16 mm	13.43 mm	-39.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Nantahala Capital Management	1.96 mm	$281.00 k	+18.5%
Renaissance Technologies	1.26 mm	$180.00 k	-5.2%
Royce & Associates	996.26 k	$142.00 k	-61.2%
HighTower Advisors	907.03 k	$128.00 k	+49.6%
GS Goldman Sachs	481.75 k	$69.00 k	-13.2%
Vanguard	456.39 k	$65.00 k	-71.9%
BLK Blackrock	313.09 k	$45.00 k	-0.2%
Potomac Capital Management	290.00 k	$41.00 k	-9.6%
Millennium Management	245.32 k	$35.00 k	NEW
Geode Capital Management	233.92 k	$33.00 k	0.0%

Largest transactions	Shares	Bought/sold	Change
Heartland Advisors	0.00	-1.90 mm	EXIT
Royce & Associates	996.26 k	-1.57 mm	-61.2%
Vanguard	456.39 k	-1.17 mm	-71.9%
Pacific Ridge Capital Partners	0.00	-718.69 k	EXIT
Dimensional Fund Advisors	0.00	-689.10 k	EXIT
Nantahala Capital Management	1.96 mm	+306.30 k	+18.5%
HighTower Advisors	907.03 k	+300.71 k	+49.6%
Millennium Management	245.32 k	+245.32 k	NEW
First Eagle Investment Management	0.00	-241.79 k	EXIT
HRT Financial	199.09 k	+199.09 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ZVOI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Aug 22	Kiely John	Common Stock	Option exercise	Acquire M	No	No	0	8,855	0.00	71,865
31 Aug 22	Kiely John	RSU Common Stock	Option exercise	Acquire M	No	No	0	8,855	0.00	8,855
31 May 22	Royal Kevin	Common Stock	Payment of exercise	Dispose F	No	No	0.791	3,465	2.74 k	145,146
31 May 22	Royal Kevin	Common Stock	Option exercise	Acquire M	No	No	0	10,020	0.00	148,611
31 May 22	Royal Kevin	RSU Common Stock	Option exercise	Dispose M	No	No	0	10,020	0.00	0
31 May 22	Ron Huberman	Common Stock	Option exercise	Acquire M	No	No	0	7,843	0.00	7,843
31 May 22	Ron Huberman	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,120	0.00	9,360
31 May 22	Ron Huberman	RSU Common Stock	Option exercise	Dispose M	No	No	0	4,723	0.00	14,167
31 May 22	John Silvanus Jr. Wilson	Common Stock	Option exercise	Acquire M	No	No	0	7,843	0.00	7,843
31 May 22	John Silvanus Jr. Wilson	RSU Common Stock	Option exercise	Dispose M	No	No	0	3,120	0.00	9,360

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

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