Risk Factors Update Summary
- Expanded Varsity Tutors for Schools offerings may increase revenue from $63,908 thousand to $67,669 thousand.
- Losses may increase from $30,679 thousand in 2021 to $63,908 thousand in 2022.
- Active Experts decreased from 20 thousand to 17 thousand in 2023.
- Revenue may increase from $162,665 thousand in 2022 to $193,399 thousand in 2023.
- Active Learner revenue per Active Learner decreased from $1,030 to $1,000 in 2023.
- The company may provide access to the platform at no cost for several years for some Institutional customers.
- The company may continue to hire new employees at a rapid pace in various departments.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1819404&owner=exclude
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