The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 21, 2022. Its latest SEC filing is a SC 13G/A from Jan 31, 2023.
10-Q for Q3 FY2022, filed Nov 21, 2022
The sections below describe the company as of the FY2021 annual report.
Provides education services to higher-education institutions and offers coding bootcamps and online tutoring to students.
10-K for FY2021, filed Apr 15, 2022Zovio Inc is an education technology services company that partners with higher education institutions and employers to deliver innovative…View ↗
The services that the Company provides to Global Campus under the Services Agreement include recruiting, admissions, marketing, student…View ↗
In April 2019, we acquired Fullstack Academy, Inc. (“Fullstack”) an immersive coding bootcamp offering web development and cybersecurity…View ↗
Also in April 2019, we acquired TutorMe.com, Inc. (“TutorMe”), which provides 24/7 tutoring services. Students are matched online with…View ↗
Global Campus pays Zovio over the service term for education technology and support; fees vary with student attendance and university revenue and include direct service costs plus a share of its tuition and fees. Fullstack generally collects tuition before a program starts, while Zovio earns it as instruction is provided.
10-K for FY2021, filed Apr 15, 2022Year Ended December 31, 2021 2020 Strategic services revenue $ 222,657 $ 18,881 Tuition revenue, net 30,016 344,804 Transition services…View ↗
After December 1, 2020, revenue is now primarily derived from service revenue from our university partners. On December 1, 2020, the…View ↗
The Services Agreement has a single performance obligation, as the promises to provide the identified services are not distinct within the…View ↗
In return for providing services under the Services Agreement, Global Campus, after covering its direct costs of operations (which may not…View ↗
The Company, through Fullstack, offers both full-time and part-time technology bootcamps. The tuition fees for these programs are…View ↗
10-K for FY2021, filed Apr 15, 2022
FY2021 revenue by product or service ↗$263M
10-K for FY2021, filed Apr 16, 2022
$263M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Tuition revenue, net
Recurring
10-K for FY2021, filed Apr 15, 2022 |
85%
FY2018: 91%
|
Tuition revenue, net, FY2021
$222.7M Sources
|
Recurring |
|
Digital materials revenue, net
Sold outright
10-K for FY2021, filed Apr 15, 2022 |
11%
FY2018: 5.6%
|
Digital materials revenue, net, FY2021
$30M Sources
|
Sold outright |
|
Technology fee revenue, net
|
3.8%
FY2018: 3.2%
|
Technology fee revenue, net, FY2021
$9.9M Sources
|
|
|
Other revenue, net
|
0.0%
FY2018: 0.4%
|
Other revenue, net, FY2021
$0 Sources
|
|
|
Other revenue
|
0.2% |
Other revenue, FY2021
$426K Sources
|
|
|
Strategic Services Agreement
Recurring
|
0.0% |
Strategic Services Agreement, FY2021
$0 Sources
|
Recurring |
Global Campus receives recruiting, admissions, financial-aid, academic and technology support under a services agreement. Fullstack offers bootcamps to students and works with colleges, while TutorMe provides online tutoring to high-school and college students and is also offered as an employee benefit.
10-K for FY2021, filed Apr 15, 2022The services that the Company provides to Global Campus under the Services Agreement include recruiting, admissions, marketing, student…View ↗
In April 2019, we acquired Fullstack Academy, Inc. (“Fullstack”) an immersive coding bootcamp offering web development and cybersecurity…View ↗
Also in April 2019, we acquired TutorMe.com, Inc. (“TutorMe”), which provides 24/7 tutoring services. Students are matched online with…View ↗
No. It lost $42.3M in FY2021.
10-K for FY2021, filed Apr 16, 2022
10-Q for Q3 FY2022, filed Nov 22, 2022
−$3.5MView ↗
10-Q for Q3 FY2022, filed Nov 21, 2022
Open tableView ↗
8-K, filed Nov 30, 2022
On November 23, 2022, Zovio Inc, a Delaware corporation (“Zovio” or the “Company”), Fullstack Academy, LLC, a California limited liability…View ↗
8-K, filed Nov 2, 2022
In light of the Company's previously disclosed pending dissolution as authorized by the Company's stockholders on October 25, 2022, the…View ↗
8-K, filed Aug 1, 2022
Effective July 31, 2022, the parties entered into and simultaneously closed a new asset purchase agreement (the “New Asset Purchase…View ↗
8-K, filed May 24, 2022
On May 23, 2022, Zovio Inc, a Delaware corporation (“Zovio” or the “Company”), TutorMe, LLC, a California limited liability company and a…View ↗
Shrank. Revenue fell 45% in 4 years, from $475.1M in FY2017 to $263M in FY2021, about 14% a year.
From university operator to services provider
The older report presents Zovio as a provider of postsecondary education through Ashford University; the latest describes it as a service provider to Global Campus after transferring ownership and operation of the university.
10-K for FY2018, filed Mar 12, 2019 10-K for FY2021, filed Apr 15, 2022We are a provider of postsecondary education services through our regionally accredited academic institution, Ashford University®.View ↗
Added bootcamps and tutoring
The older report centers on Ashford University's online degree programs; the latest also describes Fullstack coding bootcamps and TutorMe online tutoring as businesses acquired after that report.
10-K for FY2018, filed Mar 12, 2019 10-K for FY2021, filed Apr 15, 2022
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