Press Releases

James J. Rhyu named new CEO Stride, Inc. (NYSE: LRN)—a leading provider of innovative, high-quality, and tech-enabled education solutions—today announced that Nathaniel (Nate) A. Davis is retiring from his role as Chief Executive Officer. He will remain active in the business as the Executive Chairman of Stride’s Board of Directors. Replacing Mr. Davis as Chief Executive Officer is James J. Rhyu who has served in a variety of roles during his eight-year tenure at Stride, including Chief Financial Officer, President of Product and Technology, and most recently as President of Corporate Strategy, Marketing, and Technology. Among many notable achievements during his tenure, Mr. Davis led the company to prioritize academic outcomes, strengthen teacher tools and student-teacher interaction, increase student retention and graduation rates, reimagine the customer experience, and expand the company’s use of gamification, video, and Artificial Intelligence to support student outcomes. Also,

Total Enrollments of 191.5 Thousand, up nearly 60% Year-over-Year Stride, Inc. – formerly K12 Inc. (NYSE: LRN), one of the nation’s leading tech-enabled education companies, today announced its results for the second fiscal quarter ended December 31, 2020. Financial Highlights for the Second Quarter Fiscal 2021 compared with the Second Quarter Fiscal 2020 Revenues of $376.1 million, compared with $257.6 million. The increase is due largely to increased enrollments. Income from operations of $38.5 million, compared with $30.3 million. Net income of $24.5 million, compared with $20.6 million. Diluted net income per share of $0.60, compared with $0.52. Cash and cash equivalents as of December 31, 2020 of $258.1 million, compared with $212.3 million as of June 30, 2020. Adjusted operating income of $50.1 million, compared with $37.2 million. (1) Adjusted EBITDA of $70.7 million, compared with $53.7 million. (1) Second Quarter Fiscal 2021 Summary Financial Metrics Three Months Ended

After an academic year like no other, Nevada Virtual Academy (NVVA), a full-time online public-school academy serving K-12 students throughout the state, is welcoming students to enroll for the 2021-2022 school year. NVVA is the state leader in providing safe, alternative education options, while giving your student a personalized experience and providing them with what they need to succeed. NVVA is tuition-free to all students who reside in Nevada, staffed by state-licensed teachers, and is an authorized online public-school program of the Nevada Public School System. They offer a personalized approach to learning, delivering rich, engaging curriculum designed to assist students who seek alternative pathways to education. “Parents only want their children to be successful and NVVA can provide them with that opportunity,” said Dr. Yolanda Hamilton, Head of School. “There’s no doubt this past school year was unlike any other, but our technology and student-focused curriculum will give

Ohio Virtual Academy is the Only All-Virtual School to Receive Designation Ohio Virtual Academy (OHVA), is one of 31 K-12 schools, and the only all-virtual school to receive the prestigious Ohio Purple Star Designation from the Ohio Department of Education (DOE) for their work in helping students of military-connected families. The full-time online public-school currently serves approximately 460 military families. The award is part of the Ohio DOE’s Each Child, Our Future program, the state’s strategic plan for education, which recognizes schools that meet important criteria for serving military-connected students and families. To be successful in school and when transitioning between school settings, Ohio’s military-connected youth require support to ensure that their unique social, emotional, and academic needs are met. Schools win this award based on set criteria such as having a dedicated point of contact for military students and families who serves as the primary liaison

On February 3, 2021, Stride, Inc. – formerly K12 Inc. – will host a National Forum on Education Equity . This forum delivers on Stride’s commitment, We Stand Together , which is designed to remove barriers that impact academic equity and to provide high-quality education for anyone—particularly those in underserved communities—as a means to foster economic empowerment and address societal inequities. Part of this commitment includes sponsoring and convening a national forum to promote dialogue and examine ways to enhance and provide access to high-quality educational opportunities for students and families lacking such options in their communities. “There is perhaps no more important challenge to address in our society than the racial and economic disparities that continue to exist within America’s education system,” said Nate Davis, Stride’s CEO and Chairman of the Board of Directors. “Achieving real education equity for Black and brown students requires collaboration, courage and

Stride Inc. (NYSE: LRN) announced today it plans to discuss its second quarter fiscal year 2021 financial results during a conference call scheduled for Tuesday, January 26, 2021 at 5:00 p.m. eastern time (ET). A live webcast of the call will be available at https://event.on24.com/wcc/r/2948484/F4CDE03D7AFE81652B2C24482A4B7C99 . To participate in the live call, investors and analysts should dial (833) 900-1536 (domestic) or (236) 712-2276 (international) at 4:45 pm. (ET). No passcode is required. Please access the website at least 15 minutes prior to the start of the call. A replay of the call will be available starting on January 26, 2021 at 8:00 p.m. (ET) through February 26, 2021 at 8:00 p.m. (ET) at 1-800-585-8367 (domestic) or 416-621-4642 (international) and entering the conference ID 7723219. A webcast replay will be available at https://event.on24.com/wcc/r/2948484/F4CDE03D7AFE81652B2C24482A4B7C99 for 30 days. About Stride Inc. At Stride, Inc. (NYSE: LRN) – formerly K12 Inc. –

Employees at Fortune 500 companies around the country will have the opportunity to learn new career skills via a partnership announced today between MedCerts , an online training platform for healthcare and IT certifications, and Guild Education , a certified B-Corp on a mission to unlock economic opportunity for America’s workforce through education and upskilling. Guild Education works with universities and other training institutions to give employer partners a way to provide continuing education opportunities to their workforces, which includes more than 3 million working adults nationwide. MedCerts – a Stride company – will bring its healthcare and IT certifications to the Guild Education Learning Marketplace. More than 30 MedCerts programs will be available, such as Medical Assistant, Pharmacy Technician, Medical Billing, IT Security and IT Helpdesk Technician, and many of the certifications can be completed in just three months. “Career growth shouldn’t be put on pause because

Stride, Inc. Offers Blueprint for Successful Online Schooling, Report Shows What’s the secret to a successful online learning experience? According to a report released by EdChoice there are a few, including: 1) access to a technology-rich online platform, 2) experienced online teachers who have access to professional development training, 3) an interactive, standards-aligned curriculum, and 4) rich offline content. These are the ingredients that worked together to help students at online schools supported by Stride, Inc. (NYSE: LRN) “significantly outperform” traditional brick-and-mortar students during the first four months of the pandemic, data shows. For the report, Dr. Ian Kingsbury , an education fellow at the Empire Center for Public Policy, surveyed more than 10,000 parents of children who enrolled in Stride K12-powered schools. The data concludes that Stride K12-powered students “significantly outperformed [traditional] brick-and-mortar school” students in the areas of

Tallo survey of college admissions offices finds vast majority still remain concerned over lack of in-person interactions and continued campus closures, despite “overdue” shift to remote marketing. For college recruiters, the challenges of COVID-19 and the national spotlight on issues of racial inequity have forced many to reevaluate how they attract and interact with potential students and their parents, according to a new survey from Tallo , the nation’s premier online platform for connecting students with opportunities. “For decades, the college recruitment process has hinged on in-person tours and admissions events, and recruitment efforts have had to change dramatically this year to address the challenges posed by COVID-19,” said Casey Welch, CEO and Co-founder of Tallo. “These changes come as no surprise, but they have forced recruiters to reevaluate how to effectively connect with this generation and keep them interested in the possibilities of higher education.” How colleges