Nerdy, Inc. (NYSE: NRDY) reported Q4 EPS of ($0.05), $0.04 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $55.1 million versus the consensus estimate of $54.81 million.

GUIDANCE:

Nerdy, Inc. sees Q1 2024 revenue of $51-53 million, versus the consensus of $59.708 million.

Nerdy, Inc. sees FY2024 revenue of $232-246 million, versus the consensus of $237.8 million.

Non-GAAP Adjusted EBITDA Guidance: For the first quarter of 2024, we expect adjusted EBITDA in a range of negative $3 million to breakeven. For the full year, we expect adjusted EBITDA in a range of positive $5 to $15 million, an improvement of over 500 basis points in adjusted EBITDA margin at the midpoint. We also expect to deliver positive operating cash flow in 2024.

For earnings history and earnings-related data on Nerdy, Inc. (NRDY) click here.