Nerdy Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
NRDY$5.80-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $37,530 | $40,296 | $142,241 | $138,315 |
| Cost of revenue | 11,077 | 11,108 | 45,786 | 41,138 |
| Gross Profit | 26,453 | 29,188 | 96,455 | 97,177 |
| Sales and marketing expenses | 20,315 | 19,233 | 53,244 | 49,652 |
| General and administrative expenses | 31,862 | 35,508 | 97,017 | 94,921 |
| Operating Loss | (25,724) | (25,553) | (53,806) | (47,396) |
| Unrealized (gain) loss on derivatives, net | — | (4,099) | — | 13,385 |
| Interest income | (768) | (844) | (2,533) | (2,460) |
| Other (income) expense, net | (27) | (5) | 8 | 11 |
| Loss before Income Taxes | (24,929) | (20,605) | (51,281) | (58,332) |
| Income tax expense | 29 | 21 | 90 | 97 |
| Net Loss | (24,958) | (20,626) | (51,371) | (58,429) |
| Net loss attributable to noncontrolling interests | (9,058) | (8,336) | (18,932) | (23,910) |
| Net Loss Attributable to Class A Common Stockholders | $(15,900) | $(12,290) | $(32,439) | $(34,519) |
| Loss per share of Class A Common Stock: | ||||
| Basic and Diluted | $(0.14) | $(0.13) | $(0.29) | $(0.37) |
| Weighted-Average Shares of Class A Common Stock Outstanding: | ||||
| Basic and Diluted | 113,287 | 97,077 | 110,267 | 94,453 |
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