Nerdy A Aktie

Nerdy announced a 1-for-15 consolidation of its Class A and Class B common stock, effective at 12:01 a.m. Eastern Time on Tuesday. The number of outstanding Class A shares will fall from about 127.9 million to roughly 8.5 million; the stock will continue to trade under the ticker NRDY and will receive a new CUSIP. The move aims to raise the per-share price to meet the continued listing requirements of the New York Stock Exchange. Fractional shares will not be issued; eligible holders will receive a cash payment instead, and equity-based compensation will be adjusted accordingly. » Más en de.investing.com

Nerdy reported Q2 revenue of $43.3m, beating the consensus estimate of $43m; gross margin rose to 64.7% and net loss narrowed to $6.9m. Adjusted EBITDA loss improved to $0.9m, but management cut the full-year guidance and now expects revenue of $168–175m instead of the prior $180–190m, citing the wind‑down of two smaller business units. Q3 revenue is guided at $32–35m and year‑end cash is now expected at $30–32m. Investors reacted negatively to the guidance revision, and the shares fell about 9.9% in after‑hours trading. » Más en de.investing.com

Nerdy has entered into a consulting and separation agreement with former CFO Jason Pello. According to an SEC filing, Pello will remain as a consultant through Oct. 3 and receive $223,125. The agreement also provides for continued vesting of 333,333 restricted stock units and includes a customary release. Separately, Nerdy reported Q1 results: EPS of -$0.03, in line with expectations, and revenue of $48.7 million, which topped estimates; the stock slipped slightly in after‑hours trading. » Más en de.investing.com