Earnings call transcript Q2 2023

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Operator

Good afternoon, ladies and gentlemen. And welcome to the Stride Second Quarter Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode and please be advised that this call is being recorded. After the speakers' prepared remarks, there will be a question-and-answer. [Operator Instructions]

turn to I'll time, this things Mr. over At Investor Casey, Vice of President Tim Relations. go Please ahead.

Tim Casey

afternoon. Stride's today's Welcome call Good and you. Thank to Financial Chief year Rhyu, Executive Officer. With Donna James Blackman, for second XXXX. me are on call Chief Officer; fiscal earnings quarter

by the reminder, Relations Stride today's accompanied website. and can that webcast call a presentation be Investor As are conference a found on

our these financial measures. be is results Relations include on Please discussion advised earnings financial of today's our certain afternoon also the A in of reconciliation this and measures that provided non-GAAP Investors issued be may release website. can found

our to In made forward-looking company's make may time and These results views assumptions basis several regarding also and as addition the obligation them update described the the company's no are events latest call statements from at actual information, could this The we to this call. business involve differ made SEC assumes forward-looking during due to any filings. on important in performance of historical and future factors statements the company statements. materially any statements, forward-looking

answer our Following you may we'll questions have. prepared any remarks,

to now call will the James? over turn I James.

James Rhyu

more than school all over A services. different and past child of survey that found was this now for years Thank half products you. afternoon, to environment the a tailwind that last have our the is macro providing everyone. I've part dependent past new their couple term Good just of considered released parents for of longer for or said a that year. succeed ability our on the week

see for our aware reversed. alternative. certainly, dramatically And offer more continue the ours we to families see As like programs that option, don't need and for pandemic, programs virtual since increased that and are more that a awareness

safety, be families child of the a in any other Parent whether on it religious, years host in are just the activism increasingly their reasons behalf, didn't few ways addition, we medical engaged philosophical, or education a child’s ago on see. In rise.

disappointing to our enrollment Now us. were numbers total

that the We at with the we through enrollments ended of quarter from up in XXX,XXX also increasing continued enrollments we end of December weeks that the October. XXX,XXX and company saw with experienced. this strong to January, demand first [indiscernible]. And us are that ever enrollment in-year the over in gain the days That said early September. of Well, few largest see we QX growth is demand enrollment has continuing

percent. X% now at So we September went of being end from the to down year-over-year down X% and being

quarter factors strong [indiscernible]. the results. a mentioned number customers the In-year Lead found that of prior of families future the are us, a a fees. within our part many record application Once also considering trend Not referrals significant referrals to We're existing options throughout remains customers, of for many been are of from at contributing either are program year. are strong explore return during looked school and before has And strongly. seeing have to and healthy very before who and currently continuing always program customers get a pretty reconsidering to families A seeing enrolled longer. at at at customer customers in number of or levels demand We business in the staying XX% conducted continues very beginning across or all so benefit favorably. retention rates. our been new is remain our this children. other Same volumes And the beginning a survey reflected existing their come strong, trending program are was I to the year. and their of January of they we're of parents

a alternative position had worked time they market students network the So not has our option the [indiscernible]. in we access. The hard is an an ensure and we at getting when partners schools searching our manage This to clearly is provide are for and for. availability

Our programs flexibility possible. as has much

choosing seeing As as more a Stride students [indiscernible]. result, we're

believe time This footing general beginning both full trajectory new education long offering, come. product are on We're years number a successfully career our and education on products. term, we launched our product expanding and I pilot progress of some So to for service core solid make to a growth also education offerings. into year,

updated sprint. small signed the a of have platform next both We to [indiscernible] use of is districts, our this career study pilot up number and version platform large for our ready

we upgraded for teacher have our and secured out test of with districts. also our to a platform professionals rolled couple development contracts successfully We districts platforms tutoring

is educational new the thousands of it training teachers course on test on-demand delivers deliver [indiscernible] products We've free. modules and received we're our prep. [indiscernible] to [indiscernible]. us. special now positive practices, It's far our for we now available on training offers proven feedback manage in school and to Our professional starting The in would the our one see of secured district already so progress school because much opportunity to for an platform for development leadership, of this platforms programs. based take need and year teachers We trained counseling product largest we

flat on and year income. quarter year-over-year expand I aim basically the that operating our to said last achieve top a was to our adjusted growth goal line for

exposure part or rather they to but these percent gap continued on Stride many success a the programs. ability continue on are strength to and A challenges learning these options. Our in country have today. based this a not achievable that. behind decisions graduates demonstrated improving career big not Meaning prepared make that that labor variety graduation. reported enrollment recent career A study a to feel revised career the sometimes it's in school believe trends do is for XX% the high to college outsized driver do of fixing can of only the that these just rarely continue exposed students, after field I and assessment career impact that be to guidance XX% are to a will can goals. job, our sustained programs about show an that

in Career programs career schools more aspect than XX% feel same that the XXX of can offers exploration in-depth many is family More these of to including recognized that an opportunities courses, of and responsibility opportunities of experience. [indiscernible] education. and students. be it expose students career to important with study to disadvantage need them Students the providing school friends which responsibility over also students [indiscernible] the

from close careers. will to alternative parent's students offerings schools focus shifting an gaps their these Our their provide away the for and for

This to platform Gartner the Recent job workplace formal top continue predictions, on experience employers external out article continue We in in [indiscernible]. candidates. career our with to required also that hire companies except to address see the will directly candidates towards reaching willing relaxing trend non-traditional nontraditional new and includes XXXX. background, posting more education something

the approved product front mentioned we was opportunity [indiscernible]. K-XX in [indiscernible] us innovation a we This saw improvement unique awarded we at best and that award same Recently, is think products learning a out lead I isn't have around limited educational I significant product services. digital of to learning of product number home satisfaction. award. in to rolled children's previously year and customer That learning confirm products that the products suite class continue of best our invest prudently the in which recognizes and in Tech four design award, [indiscernible] adult [indiscernible]. over aged Elevator home allows awarded large the ne more best XX. to our to digital of product the students curriculum age of These that was On work encourage awards XX to year children that, future. for top

times. transitional Stride products XXX I'm and some macro our climate The in also improving business we believe on recently meaningful XX favorable a companies trend the number success the work quarter demand more for with jobs proud environment our of these at in are cusp back. higher by of We FlexJobs. the and we ranked for services. [indiscernible] in creating top strong showing I of having are newer are great

of Now over updated for I'll recap results our Donna second and call quarter Donna? guidance. the our pass a to

Donna Blackman

afternoon, James, you, Thank good and everyone.

million, First, $X.X million, from of $XX.X increase million. results. quickly income capital Adjusted expenditures was let the recap increase reported year. and period XX% or of same $XX.X $XXX.X an up operating million, $XX.X was the XX%, Revenue last for an million our were me quarter

pleased in quarter. very operating and income in revenue the are the adjusted both We with strength

confidence As first supports time the year in guidance, options school the to are us excess revenue growth will students them. also to the gives which our This we more see profitability second have aware we of to quarter. continue the of families our I It and discussed, XXX,XXX. we later. strong discuss raise is from enrollment our belief This quarter of finished James offerings. demand the available full Average and the that for XXX.XXXX. growth second across to And seen all the quarter were enrollments quarter first

million, provide Career This XX%. me and increasing career by growth learning increased and This enrollments on quarter second Stride James revenue our $XXX.X learning was funding, quarterly impacts detail and increase more let and adult by in discussed. timing a the $XXX.X in continued XXX%. up Now up in increase learning a million, our enrollment that career revenue some driven results. prep strength Middle business. high increase over was revenue by school retention was than driven was expected was better XX% strong driven per XX% The enrollments.

will the increase full on environment year Adult greater funding, We over into XX% business. million, with just mixing year. We continue increase remain from up learning to the revenue enrollment was pace over XX% we see believe better growth This funded combination quarter the states. to funding finish is a in per XX%. for last and this $XX.X revenue of year higher capture favorable a than higher and in

from was in due for previously enrollments is The we the $XXX.X decline education last million. general revenue our outlined. decrease Quarterly year primarily to business

increase an enrollment. XXX.XXXX, per XXX.XXXX. in from Ed were by offset down Somewhat enrollments Gen revenue

has Ed, finished career Gen enrollment both we learning first numbers, not in our quarter the a phenomenon that company with previously. and quarter exceeded However, that experienced actually

Similar anticipate XXX Revenue learning, finishing an just basis increase over quarter increased XX.X%, per last year. for points last to compared to Ed XX%. from we enrollment quarter XX% more second career year. the was margin the Gross than of at Gen for

last with a said year seeing more in pre-COVID we're our pattern quarter, expenses years. we line seasonal As normal this of

on that a pleased say to I impact are expenses. we quarter we efficiencies last discussed the had positive some to starting of Additionally, am see

pressures However, exist. inflationary still

Given margins what significant will we on now believe gross we last year, we that finish the year quarter. thought full to are last these flat factors, improvement a with

our $XXX year. $X.X million, million and and $XX.X compensation were business for new the effective tax products. quarter expense general EBITDA increase quarter $XXX.X scaling and learning adult million diluted the based the finally, is was Stock in per and in to was $X.X for the million adjusted our expenses investment from was Adjusted Interest And for last our XX.X%. quarter. income earnings million for came Selling, was continued rate share up administrative $X.XX. operating $XX.X of the quarter at due million. Most totaled

our last us $XX.X million is $X.X on balance This growth and to Free Capital flow Turning million tied receipts million, cash timing a totaled $XXX.X flow up to and sheet up from $XX.X was year. from last million, cash states of revenue that expenditures pay items. increase the lag. from year. regularly

$XXX.X to continue year. equivalents and flow to the fiscal of rest cash expect the of million. quarter see finished with We We for cash the positive cash

Turning to our guidance.

$XX we in and operating million of to between year $XXX For $XX fiscal capital range Adjusted and $XXX are expenditures quarter income of $XX million XXXX, the third and forecasting $XX between revenue million million million. million the

income and to year, guidance $X.XXX now For between up are to XX%. $XXX $X.XX and of and expenditures full expect guidance. billion million in to tax operating and million rate $XXX Capital narrowing effective $X.XXX between revenue our between We $XXX $XX and billion raising previously. from an billion $XX billion, CapEx up range Adjusted profitability previously. the million from million $X.XX our million, and the $XXX we million revenue XX%

time Thank today. you for your

Now the for I'll Q&A. call turn back Operator? operator to the

Operator

Jeff go BMO Silber [Operator to Capital Markets. Thank We'll of Instructions] you, this first afternoon Blackman. Ms.

Jeff Silber

in are about happen with of for the might for talking right next districts next A few and can in now what you year. know give about next guidance terms we Congratulations that lot year, a items I you on they I funding about year? expect to know of what funding think had it's environment. the improved but too states talk early strong results. talked

would So color great. be any

James Rhyu

Generally strong. speaking, environment the remains funding

lot what a now I know in sort year. you think the are and you as and of over referenced, look as next it months actually like several of to states will next for session finalize

premature. is anything So still pretty now right

a be there's you it lot yet economies know. don't or of how a the fact, of state even as negotiations of funding. to back depend projected next in I on that the will And think around for also know, lot actually forth But go In will so. state some states and are year local the

take favorable. they their through as they'll consideration the pretty to into deliberations. early So look are, it signs go that But continues

Jeff Silber

to great hear. That's Okay.

You terms just terms can I'm an and also revenue of times wondering may a both in couple if things of timing. color expense little perspective of bit get deferred the into mentioned a issues were quarter? from in there of timing be third we

Donna Blackman

related timing So was to of for primarily there our [indiscernible] some the revenue. impact both --

some this funding And expect normally some year. We adjustments that on little year. would that bit to so later the earlier saw we see of a

like know, than year. little had attention more The last bit conservative our with importantly our ended a forecasts We're to our earlier higher being in in year you as other forecasted. is the that we thing up respect rates,

so we of had catch up catch up of sort a the -- in in later later And year. sort

up when so year year over you quarter. of we that year, at quarter third of because our look catch late sort in last had comparison, And sort last and fourth and comparison was easier year an versus QX QX

Jeff Silber

Donna, I'm sorry.

Can adjustment. you the Is much just hurt second it? funding that again? the quarter? that in was that Does how the benefit Roughly mentioned quarter? explain you You in a second

Donna Blackman

It's a benefit.

For full year the --

James Rhyu

Sorry.

think maybe always want these clear fluctuation. be sort We So -- year. I Jeff, some sort every of level I of happen that have of to

with seeing last probably very for I year. it'll think be full we're consistent net-net, year what the

year, strong. bit see, in think to probably expect half I we're you year, get range even quarter, though in But a the do back think and strong as going be last end we think the we suggests benefit little this the to timing year in is guidance very did different. so I And of our this the that we we're

Jeff Silber

an the in terms worried just cetera. the anything? folks to are appreciate more we're who question. I'm I'm it lot and abusing anything, of et plans, anything, But more about, follow-up that. hearing et a can actually like a be seen students A If EdTech prepare them their if could I of I Okay. positive seem wondering are lot about cetera. people helping be there's I offline. at with one in lot details sneak are tools you lesson hearing you've doing this. you ChatGPT, AI, thinks conference could

James Rhyu

Yes.

do around opening So a I the eye exploded think can to sort sort on inferior course couple really mean, And going it too of I past education education. what and would impact for obviously, this has education of of the has generally months how the space. know it's it still of though. say it's the and had I lot to early of press industry

help can and able math things answers. pictures solve search not on, people a assist is education. early and Google phenomenon. worried the as to to about Technology comes application This think of questions math to it that where Google generically Alexa say, search technology kids I And being there of were relates and problem then like like ask you to I'll -- things solving along not they to give are problems you in, the new. apps new educational is problems, take

be necessarily And which critical is we're I have that kids industry, any of thinking skills, -- to in our replicated cannot to an ensure technologies. we teaching these job think our as yet

of pushing on to there's think focus the our to to going substitute what think curriculum using are these very because early Google, the to stop against that Obviously, work. promote like of, the way going aware we're But continue it, to do be. magical programs, some I to not we're that it's And we're still extent technologies we or tools to the I so away that. from think certainly don't going just go evolve I impact technologies. to on these not And is be people going to our use

think into you're against about how as we think that's of it. a and find adapt about it with against as think think opposed industry, thinking really I to I probably I ways referencing, to it, we education to it have push in not it. that how people push I'm seeing can lean lot I

Jeff Silber

appreciate so really color. I the Alright. much. Thanks

Operator

you. Blair. with Thank Sheldon next our Stephen now from William question We'll take

Stephen Sheldon

Hey, the work thanks, and in really quarter. nice

how to been question of First kind here, managing expectations. ask just this? you've wanted enrollments capacity through are all teacher exceeding seems like your It

and So enrollment demand just into how year half are capacity your you of feeling strong XXXX? fiscal if this continue to you see about second

James Rhyu

I So sort a this. there's think good news of news bad

sort enrollments meant the over this some were hired that obviously, we think i.e., planning of we a actually beginning places, of of the normalized in were some we that. for higher little in year, I mentioned

bad sort the squeeze brick and that mortar like we add in of XX many So more to a got news We our a to maybe situation that classroom, now. bad environment unlike -- classrooms news class and where different also and few you've can there. In bit situation a early, XX, have more. little sizes in in help flexibility desks

yet that have system. our on network would unusual, be see level year our to significant stress system across in meaning, there's We some stress every our

that I just see think the teacher shortage. today you the nation with across

I but unusual think see -- don't any stress. we So

spread think XX significant and real about you're different different -- classroom XX about not across any if enrollments X,XXX different that states extra talking a And talking we're last programs, across you number. across really about size, quarter from

but continue monitoring a least we're that manageable. sure bad we not we're appropriately. see to So to And think It's problem it's staffing going I have, make certainly we now, to it. for right obviously at are

Stephen Sheldon

Very helpful.

quarter first Ed that last trend continue fiscal some at talked I a that's And career about year? learning as about quarter? second of I General follow-up, the any As look we of we kind switching of to rough the think from quantification you Did as of how much this enrollment wanted been shift ask half to enrollments. -- think cannibalism about

James Rhyu

I layer students specifically get and think an compelling for school so you high education school education middle to for -- school I I the on some offerings continue and general And because more Yes. it's career high career think for future, that students, extra all because it foreseeable is, with continues short think of it's many yes, so answer going top. much of the

at going time the I in largely say, some So no it's education, before, brainer for it now if come. we career of think to even originally of at, aggregate look funnel see actually growth it's it's for from XX% education you in think And the right we sort the from we've because generated a for education. look I’d plus of - it's continue sort sort think this is and is of career career said I general education -- to all one, -- we originally generated

one as sort that right our incremental we in our distinct see yet years ability but it has to customers pools to not So education pool we we be career attract will We happened. as in that hone now. hope of for programs, the able do more coming have

predominantly it's So still one pool.

Donna Blackman

But to it's from noting we growth to date also date. worth the saw that count

that as in came well. of Ed growth Some Gen from

Stephen Sheldon

Thank Great. you.

Operator

Stanley. to We at go next Parrish Thank you. Greg Morgan now

Greg Parrish

so seeing about days? so result. are you quarter the Hey, potentially what know strong higher as happened I good last January. I well? I evening. far quarter mean could Congrats XX far but guess, what let’s unprecedented, third in enrollment on really be talk

James Rhyu

have those where want fact, you third withdrawal for harder declines don't quarter quarter you tends withdrawals. quarter to is because in have to spaces actually the us the to Historically, be schools end. I that have to backfill less third quarter well. available going that And predict and is definitely So as a happen that third

than second actually So speaking, us quarter. the is, the just generally third harder logistically, quarter for

same to the to the strength few I of weeks we continue at Having continue enrollments said weeks month demand, that, to it's first think, first sort QX and that in in will certainly QX through the the three month look that be of the new keep QX, comps. And see of of see so growth continue see in to QX. funnel, is can I we if to trajectory. sort applications don't trajectory the strength it's think end this from we our some can going you saw quarter. -- far of continue good we get hard to we grow we're the least be through but to keep hard, But to we in it to implication close if certainly year-over-year of impossible going year-over-year, very here,

Greg Parrish

And slower you I in uncertainty to fourth helpful. to I Growth the XX%. a this it's That's a quarter, going the in in was think calendar month accelerated. switch out accelerated [indiscernible] maybe quarter, for great. Typically adult Okay, of then And macro. on want there was there ton many and learning. seasonal

strength So talk is about the and year? step of drove rest sustainable can you what that for of up sort the in quarter the the

James Rhyu

Yes.

the got in the we're which we really doing a I that number has space I specifically, well. we've fairly I a independently adult of think, job. really strong the they're run quarter. So a XX% to got They leadership. in of executing that and in think I think credit is, businesses lot just strong to One year-over-year have, growth give

been think company seeing this I that, space we we're a we're indicated galvanized doing previously that around looks portfolio that. and turning I education You that year it that adult had may And that remember previous is have quarters poorly. in one like in

helps that So the obviously whole portfolio.

also before, well generally speaking, that to in market, So think I of bode type for we've education. think I strong this said recessionary really markets to execution tends adult

we're think think see the environment a certainly seeing strong macro backs got our And we've at wind and continued for those to for we I growth. it. hope So I

Greg Parrish

captured from kind I me. the quarter, was more quarter, revenue one narrow like a you've one of wanted enrollment. up down second And anomaly there in things on revenue understand going got some because in the I time enrollment, to per on. per that's of here Great. then catch just couple

to half forward. strong all revenue year. up going be to it enrollment And still second per think be the going that can't together, But last to to we similar tie then year. is said was said we for I it you extrapolate then going So that XX%

said you I both. think

So what that I'm you we year-over-year? what enrollment, know I the environment maybe well is, funding revenue tie it's in that strong just wanted half something, I'm I guess doesn't that missing don't if is like, is above mean, second given but down. XX% missing per bring to conservatism I Maybe

Donna Blackman

one So worth what when we sort talked retention. of thing more year I with year-over-year that out comps. pointing last conservative were about we And the thought would happen with

the And than up so, had catch later got a as better had because we in QX retention we the quarter, anticipated. was we in

QX year-over-year in first of the less half so And the for what be will year. saw certainly than we the

Greg Parrish

Okay.

James Rhyu

just because Donna -- So a important point. it's Sorry, what on up really think following I said,

think to QX seeing the past the gain QX, strength several QX sequentially, QX in -- I historically to years, year. you we're look per sequentially we if enrollment to over revenue through

and things really our estimates that's of conservative of that. sort like the of nature Some just

appropriate. And that's so think I

I we have way similarly, that think sequentially And have the so of double the which year, imply digit does through year, will some this gain. And we strength we sort the by through strength year. some to continue have will

harder. sequential a makes comp QX in think I step is if of It strength, last of QX Donna in year a took will, you However, the indicating, as sort that up QX.

going probably terms terms. we percentage strength if to comp to be high year, be this that sequential in have through hard QX of to in fiscal terms even very of is the So continue percentage year-over-year

full to of get full since if that's be year the sort where I percentage the in you you think there's some year will, in So comp QX probably dilution, in percentage terms. going

Greg Parrish

and Okay. congrats quarter you. the It’s all on again and very helpful thank

Operator

now will Instructions] at Citi. Thank Tom you. next We [Operator to go Singlehurst

Tom Singlehurst

taking Tom It's evening. Good congratulations for results. on and the Citi. question the Thanks Yes. from here

don't wanted I for got First the know done? necessarily [indiscernible] week is way of what to down overall same and ask of on market And them. geographically I the I'm question share share. map gain saw, fell on enrollment sort mean, a that that say in think sort maybe within I But [indiscernible] was noticed the on would about to there indicated exactly same I you've I [indiscernible] you you the interested period. share. revenue last almost. wrong trends areas. market was you I quarterly

James Rhyu

question. angle a going totally had what maybe to way than You slightly a presenting different it. answer you're fair I'm from the

I by irrespective very think of answer We, connections the that default the I gained virtual the share, short and that's of U.S. in almost relative our simple shut way. the the to we're across And are that by think, almost reason brick landscape schools. is, mortar getting down growth for yes. market seeing programs

right to So grow. therefore is we a starting now share therefore, sort grow our shrink whole default the of we've pie done, and little bit market as or sustain as by mathematically will

demand seeing and through see trends macro overall that We the around doing won't our in other strength So I we funnel, competitors what certainly be really I some programs see to of to overall that continuing as shrink think, they're and we the continuing our our strong. to just mortar specific speak programs gained are work will they're we the and what seeing. or sort certainly, year. because share these favor in we continue market And it their shrinking But I down the shut brick again, that in that think have and across consider we of mortars brick programs. and either districts. But of,

Tom Singlehurst

obviously, XX%. great. per news the question, you're That's enrollment second looking fantastic mean, for up that I then And revenue

base actually spectacular of metrics. the function you. had just Thank whether could second students some it in just points unpack previously a those flattish relative wondering to automatically of was basis performance is XXX then hopefully those quarter that that And you changes margins the you across sort of think to again. gross enrollment I on was XX% upwards conversion. both of of having that I potentially of help that also whether more drivers and X% growing mix the the specifically comment

Donna Blackman

So happening. there things are are couple that a of

we've So got increase. strong funding

You heard probably us talk about capture. previously

we're of mix rate more attendance. increase There's a capturing in So the involved.

spend actually some where did revenue that also through revenue pass have we to received. the We we

factors the that shrinking of high in that on But states today, actually that certainly as and growing number an funding pay that So a our and are has that [indiscernible]. there actually a said we're rate that strong James in environment lower we're in rate. pay a fact impact earlier a are impact states rate,

James Rhyu

want credit. Also I some give to

team a her driving that. in and gross job. was at team done I really the has our And efficiencies I be think that We the both about Donna business the to think specifically done operating and talked margin we've going and line line. fantastic

And dig so hole had we ourselves we entered little bit a the year out. in and of a

And We digging driven some us, and also us, have I the that ourselves helped enrollment also business this has out. are helps. we efficiency in while environment think helped committed to the macro

So I of real factors. think combination it's a

Tom Singlehurst

And therefore could funding follow-up, capture, about you're that that? you being but that extract element linked Is interpret painful, when sorry that's strong if to that is enrollment expecting? I for how your to talk and the should I'm just I actually ability

Donna Blackman

and of of the get is, give the and attendance students, capture the part those or have actually meet the criteria a certain for PPR. So full we if higher we amount we we student enrolled

what I that's So mean by capture.

James Rhyu

XX%, lot But $XX, to a able essentially, that's that $XXX average saying, metric, to more, And lot improve. there's version okay? every available plays a to for to efforts energy mechanisms engagement, to yield of always yield how the capture And our yield Capture out. to are we're that focusing a we're a we that trying XX% through so of yield it's to improve of gain trying or we yield XX% constantly that for us, yield. as are Donna of on is and through how different number XX% and on was

some year in improvements we're on the think And yield yield, metric. so having this essentially I

Tom Singlehurst

that's Well, very encouraging. Perfect. you super much. Thank

Operator

and gentlemen, Instructions] further appears questions we no have Ladies it [Operator today.

like the you all joining we on to so and So Good earnings a we'd all quarter much wish so thank fiscal you you all joining for for us much evening. night. second XXXX great call. Again, thank us, conference Stride

Stride (LRN) 24 Jan 232023 Q2 Earnings call transcript