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Nerdy Inc

Nerdy Inc. operates a live online learning platform in the United States. The platform uses artificial intelligence to connect students, parents, guardians, and other purchasers of various ages with tutors, instructors, subject matter experts, and educators. It offers learning experiences across multiple subjects and formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessment, and self-study tools. The company operates the Varsity Tutors and Varsity Tutors for Schools platforms, providing solutions directly to learners and through education systems. Nerdy Inc. was founded in 2007 and is headquartered in Saint Louis, Missouri.

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Nerdy announces 1-for-15 reverse stock split

Nerdy announced a 1-for-15 reverse stock split of its Class A and Class B common stock, effective August 19. The reverse split will reduce the number of outstanding Class A shares from approximately 127.9 million to about 8.5 million. The move is intended to raise the per-share price of the Class A stock to meet the New York Stock Exchange's minimum average closing price requirement for continued listing.
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Nerdy to exit school tutoring, narrows 2026 revenue guidance

Nerdy announced plans to wind down its Varsity Tutors for Schools business and exit First Tutors, refocusing on consumer learning. The exits are expected to cut annual fixed costs by about $11 million and reduced 2026 revenue guidance to $168 million to $175 million, from a prior outlook of $180 million to $190 million. Second-quarter revenue fell 4% year over year to $43.3 million, while gross margin expanded to 64.7% and net loss narrowed to $6.9 million. Management expects year-end cash of approximately $30 million to $32 million and believes existing liquidity can fund operations through free-cash-flow breakeven.
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