Last $12.34 USD
Change Today -0.65 / -5.00%
Volume 192.3K
LRN On Other Exchanges
Symbol
Exchange
Berlin
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

k12 inc (LRN) Snapshot

Open
$13.02
Previous Close
$12.99
Day High
$13.02
Day Low
$12.22
52 Week High
06/24/14 - $26.20
52 Week Low
12/16/14 - $11.08
Market Cap
472.5M
Average Volume 10 Days
341.8K
EPS TTM
$0.43
Shares Outstanding
38.3M
EX-Date
--
P/E TM
29.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for K12 INC (LRN)

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k12 inc (LRN) Details

K12 Inc., a technology-based education company, offers proprietary curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade. It manages virtual and blended public schools. The company also offers curriculum and technology solutions; full-time virtual and blended programs, semester courses, and supplemental solutions; teacher training, teaching, and other support services to public schools, school districts, private schools, charter schools, and early childhood learning centers. In addition, it provides access to the online school and curriculum through proprietary learning management system ‘OLS’; learning kits; access to student computers; and management, technology, and educational services. Further, it operates online private schools, including The K12 International Academy, the George Washington University Online High School, and the Keystone School. The company sells individual online courses directly to families; and sells curriculum directly to customers who desire to educate their children outside of the traditional public school system or to supplement their child's existing public school education without the aid of an online teacher. It serves customers in the United States and internationally. K12 Inc. was founded in 2000 and is headquartered in Herndon, Virginia.

4,200 Employees
Last Reported Date: 08/15/14
Founded in 2000

k12 inc (LRN) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $577.5K
President and Chief Operating Officer
Total Annual Compensation: $515.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $460.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $315.0K
Executive Vice President of School Management...
Total Annual Compensation: $311.7K
Compensation as of Fiscal Year 2014.

k12 inc (LRN) Key Developments

U.S. District Court for the Eastern District of Virginia Dismisses Securities Fraud Class Action Claims Brought Against K12, Inc

The U.S. District Court for the Eastern District of Virginia dismissed securities fraud class action claims brought against K12, Inc. arising from misstatements concerning the firm's marketing strategy. An institutional investor sued K12 Inc. and certain K12 officers, alleging violations of 10(b) and 20(a) of the Securities Exchange Act of 1934, arising from misstatements made by the defendants falsely indicating that the firm targeting its marketing at states with higher funding rates. The complaint alleged that K12 did not target its marketing at states with higher funding rates, but instead embarked on a new, national marketing campaign as alleged in employee statements. The plaintiff further alleged that it was false and misleading to represent that higher call volumes to the firm's enrollment center could drive higher conversion rates because K12's enrollment center was overwhelmed throughout the class period. The K12 moved to dismiss. The district court found that none of the challenged statements contained false or misleading statements of historical fact or actionable opinions. The defendants statements occurred, at the latest, more than a month before the results of the 2013-3014 enrollment season would be known, and they also occurred at a time when K12 reasonably assumed it would receive sufficient enrollment applications, or in fact had obtained sufficient applications, to achieve the forecasted financial results. The court held that, while the impact of the defendants lack of managerial competence could not be minimized, the case represented at most a cautionary tale concerning the risks inherent in relying on corporate management's endorsements of analysts forecasts, against which the securities laws provided limited protections. Accordingly, the district court granted the defendants motion to dismiss.

K12, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015

K12, Inc. announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company announced revenues of $236,712,000 compared to $228,366,000 for the same period a year ago. Loss from operations was $13,158,000 compared to $8,464,000 for the same period a year ago. Loss before income tax benefit and non-controlling interest was $13,127,000 compared to $8,548,000 for the same period a year ago. Net loss was $6,589,000 compared to $5,098,000 for the same period a year ago. Net loss attributable to common stockholders, including Series A stockholders was $6,776,000 compared to $5,040,000 for the same period a year ago. Net loss attributable to common stockholders per share, excluding Series A stockholders through the conversion date September 3, 2013, basic and diluted were $0.18 compared to $0.13 for the same period a year ago. Net cash used in operating activities was $27,016,000 compared to $3,913,000 for the same period a year ago. Purchase of property and equipment was $6,333,000 compared to $4,274,000 for the same period a year ago. Capitalized software development costs were $8,886,000 compared to $5,006,000 for the same period a year ago. Capitalized curriculum development costs were $3,375,000 compared to $3,322,000 for the same period a year ago. EBITDA was $3,722,000 compared to $8,486,000 for the same period a year ago. The company provided earnings guidance for the second quarter of fiscal 2015. For the quarter, the company is forecasting the revenue in the range of $225 million to $235 million, operating income in the range of $14 million to $20 million and capital expenditures, which includes curriculum and software development, computers and infrastructure, of $18 million to $22 million. The company expect the full year revenue increase to be more modest at around a few percent. Expects Non-managed Program revenue to have solid double-digit revenue growth for the rest of this year. Guidance for the full fiscal year 2015 tax rate remains in the range of 38% to 40%.

K12, Inc., Annual General Meeting, Dec 17, 2014

K12, Inc., Annual General Meeting, Dec 17, 2014., at 10:00 US Eastern Standard Time. Location: Latham & Watkins LLP, 555 Eleventh Street, N.W., Suite 1000. Agenda: To elect ten directors to the company's Board of Directors to serve for one-year terms; to consider and vote upon a non-binding advisory resolution approving the compensation of the named executive officers of the company; to consider and vote upon the ratification of the appointment of BDO USA, LLP, as the company's independent registered public accounting firm for the fiscal year ending June 30, 2015; and to consider the Act upon such other matters as may properly come before the annual meeting or any adjournments or postponements of the annual meeting.

 

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LRN

Industry Average

Valuation LRN Industry Range
Price/Earnings 27.0x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 26.4x
TEV/Sales 0.3x
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