Nerdy Inc. announced its Q4 and full-year 2023 financial results, showcasing significant positive momentum. The company reported a 32% year-over-year growth for Q4 and a 19% growth for the full year, attributing this to the successful transition to access-based subscription products in both Consumer and Institutional businesses. This transition has not only accelerated revenue growth but also resulted in substantial operating leverage, with Nerdy achieving $3.0 million in adjusted EBITDA profitability in Q4 and a $33.2 million year-over-year improvement. Revenue growth was notably driven by the adoption of Learning Memberships and expansion in their Consumer business, alongside scaling in the Institutional segment. The company also reported a record quarterly gross profit and margin improvement, attributing these gains to business model changes that enhanced operational efficiency. Despite a net loss, adjusted net earnings showed a positive turnaround from the previous year. With significant liquidity and no debt, Nerdy outlined an optimistic outlook for 2024, expecting further revenue growth and adjusted EBITDA improvements, indicating a bullish perspective on their financial health and growth trajectory.
Seems like we are at a great support, The wedge is broken, could be a spring as we have a horizontal support confluence.
Small position here $2.51
Seems like we are at a great support, The wedge is broken, could be a spring as we have a horizontal support confluence.
Small position here $2.51
Comment:
LFG!
Comment:
out 25% gain
Good Luck Traders!