K12, Inc. (LRN) Tops Q1 EPS by 61c, Offers Q2 and FY Guidance

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Go back to K12, Inc. (LRN) Tops Q1 EPS by 61c, Offers Q2 and FY Guidance

K12 Inc. Announces First Quarter Revenues Increased 44.3% to $371.0 Million

October 26, 2020 4:35 PM EDT

Total Enrollments Top 195 Thousand, up 57.1%, For Fifth Consecutive Year of Growth

HERNDON, Va.--(BUSINESS WIRE)-- K12 Inc. (NYSE: LRN), one of the nations leading tech-enabled education companies, today announced its results for the first fiscal quarter ended September 30, 2020.

Financial Highlights for the First Quarter Fiscal 2021 compared with the First Quarter Fiscal 2020

Revenues of $371.0 million, compared with $257.1 million, driven by increased enrollments. Income from operations of $12.1 million, compared with a loss of $19.4 million. The increase in income is due to increased... More