The company has not filed an annual or quarterly report since its FY2021 10-K, filed Feb 24, 2022. Its latest SEC filing is a SC 13G/A from Feb 14, 2023.
10-K for FY2021, filed Feb 24, 2022
The sections below describe the company as of the FY2021 annual report.
Sells core curriculum, supplemental and intervention programs, and professional learning services to school districts, schools and educators.
10-K for FY2021, filed Feb 24, 2022We are a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve…View ↗
We focus on the K-12 market and, in the United States, we are a market leader. We specialize in comprehensive core curriculum, supplemental…View ↗
We are a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve…View ↗
Extensions: Our extensions offerings include supplemental solutions, intervention solutions, professional services, and our Heinemann brand…View ↗
Core Solutions is the larger business; school districts buy its curriculum, while Extensions sells supplemental, intervention and professional-learning products and services. Customers pay for print products at shipment or delivery, static digital content when access is delivered, and software subscriptions, hosting and support over the contract term.
10-K for FY2021, filed Feb 24, 2022We are a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve…View ↗
Extensions: Our extensions offerings include supplemental solutions, intervention solutions, professional services, and our Heinemann brand…View ↗
Physical product revenue is recognized when the customer obtains control of our product, which occurs at a point in time, and may be upon…View ↗
10-K for FY2021, filed Feb 24, 2022
FY2021 revenue by product or service ↗$1.1B
10-K for FY2021, filed Feb 24, 2022
$1.1B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Core Solutions
Sold outright
10-K for FY2021, filed Feb 24, 2022 |
52%
FY2018: 41%
|
Core Solutions, FY2021
$550.3M Sources
|
Sold outright |
|
Extensions
|
48% |
Extensions, FY2021
$500.5M Sources
|
U.S. school districts select and purchase directly, while supplemental materials may be bought by schools or individual teachers. Internationally, premium private schools using the U.S. curriculum buy its products.
10-K for FY2021, filed Feb 24, 2022In the U.S., core curriculum is typically selected and purchased at the school district level and, in some cases, at the individual school…View ↗
Many teachers augment their core curriculum with supplemental resources for additional practice and personalized instruction around…View ↗
Internationally, we export and sell K-12 English language education products to premium private schools that utilize the U.S. curriculum…View ↗
Yes. It kept 20 cents of every revenue dollar as net income in FY2021 and turned 22 cents into free cash flow.
10-K for FY2021, filed Feb 24, 2022
$48.2MView ↗
10-K for FY2021, filed Feb 24, 2022
$213.6MView ↗
10-K for FY2021, filed Feb 24, 2022
$228.6MView ↗
8-K, filed Apr 7, 2022
As a result of the consummation of the Offer and the consummation of the Merger in accordance with Section 251(h) of the DGCL on April 7…View ↗
Shrank. Revenue fell 21% in 4 years, from $1.3B in FY2017 to $1.1B in FY2021, about 6% a year.
Exited consumer publishing
The older report includes a consumer book-publishing business alongside education; the latest describes the sale of that business and a focus on education.
10-K for FY2018, filed Feb 28, 2019 10-K for FY2021, filed Feb 24, 2022
Competes with Savvas Learning, McGraw Hill Education, Stride, Cengage Learning, Scholastic, John Wiley & Sons, Curriculum Associates, Benchmark Education, Accelerate Learning, and Amplify Education
10-K for FY2021, filed Feb 24, 2022We sell our products in highly competitive markets. In these markets, product quality, innovation and customer service are major…View ↗
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