NASDAQ-NMS:ZVO

Zovio Inc Reports Second Quarter 2022 Results

Retrieved on: 
Monday, August 1, 2022
Sale, Acquisition, Time, U.S. Securities and Exchange Commission, Safe harbor, The University of Arizona Global Campus, SEC, Forward-looking statement, Solution, Private Securities Litigation Reform Act, Fullstack Academy, University, Operating cost, Income, NASDAQ, GAAP, News, Table, Mission statement, Company, Method, Security (finance), Marginal cost, Income tax, Zovio, Annual report, Growth, Adjustment, Budget, EBITDA, Renewable energy, Video game, Online gambling, Aquaculture, Health insurance, Bank, Reinsurance, Tutoring

CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2022.

Key Points: 
  • CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June30, 2022.
  • Financial Results for the Three Months Ended June30, 2022
    Revenue and other revenue for the three months ended June30, 2022 was $51.4 million, compared with revenue and other revenue of $69.2 million for the three months ended June30, 2021.
  • Operating loss for the three months ended June30, 2022 was $0.8 million, compared with operating loss of $4.5 million for the three months ended June30, 2021.
  • Net loss for the three months ended June30, 2022 was $4.7 million, compared with net loss of $4.0 million for the three months ended June30, 2021.

Zovio Announces Agreement to Divest OPM Business to University of Arizona Global Campus

Retrieved on: 
Monday, August 1, 2022
Superior court, The University of Arizona Global Campus, Sale, TutorMe, University, Solution, Burnham v. Superior Court of California, Growth, Fullstack Academy, Director, OPM, Tutoring, Zovio

CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced today that it has closed on an agreement to transition its online program management (OPM) business to the University of Arizona Global Campus (UAGC).

Key Points: 
  • CHANDLER, Ariz., Aug. 1, 2022 /PRNewswire/ --Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced today that it has closed on an agreement to transition its online program management (OPM) business to the University of Arizona Global Campus (UAGC).
  • In May 2022, Zovio completed the sale of TutorMe, for $55 million and used a portion of the proceeds to repay bridge financing.
  • Under the asset purchase agreement, UAGC is acquiring Zovio's operations and assets that previously provided services to UAGC through a long-term Strategic Services Agreement.
  • Zovio will continue to support the continued growth and expansion of Fullstack Academy and simultaneously explore strategic alternatives for that business.

Zovio Schedules Second Quarter 2022 Earnings Conference Call for August 1, 2022

Retrieved on: 
Thursday, July 28, 2022
Webcast, Pacific Time Zone, Eastern Time Zone, Solution, Fullstack Academy, ID, Pacific Ocean, Tutoring, Zovio

CHANDLER, Ariz., July 28, 2022 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, announced today that it will release its second quarter 2022 financial results before market open on Monday, August 1, 2022.

Key Points: 
  • CHANDLER, Ariz., July 28, 2022 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company, announced today that it will release its second quarter 2022 financial results before market open on Monday, August 1, 2022.
  • Zovio will host a conference call and webcast for investors and analysts to discuss these results at 8:30 a.m. (Eastern Time) / 5:30 a.m. (Pacific Time) the same day.
  • Call participants should dial (888) 330-3204 in the United States or (646) 960-0844 internationally and request the Zovio call.
  • The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services.

Zovio Announces Filing of Appeal in California Case

Retrieved on: 
Friday, June 10, 2022
Superior court, County, Science and technology in Asia, Fullstack Academy, Tech, Zovio, Multimedia, Solution, Foreign policy, Online gambling, Tutoring

CHANDLER, Ariz., June 10, 2022 /PRNewswire/ -- (Nasdaq: ZVO) Zovio, an education technology services company that partners with higher education institutions and employers, announced today it has filed a notice of appeal of the March 2022 decision of the Superior Court of the State of California, County of San Diego awarding statutory penalties in favor of the California Attorney General. 

Key Points: 
  • Zovio is appealing because it believes the trial court's decision is flawed and the penalties ordered by the court are excessive.
  • Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations.
  • The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services.
  • Using proprietary advanced data analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners.

Zovio Employer Partnerships Help Working Adults Obtain a College Degree

Retrieved on: 
Friday, June 3, 2022
LinkedIn, Fullstack Academy, Partnership, Organization, Solution, Multimedia, University, Telecommunication, ZES, The University of Arizona Global Campus, Student, Technology, Education, Management, Tutoring, Medicine, Zovio

CHANDLER, Ariz., June 3, 2022 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education and employers, would like to congratulate the 209 working adults who graduated from its partner the University of Arizona Global Campus (UAGC) on May 22 through its corporate tuition assistance program. Zovio Employer Solutions (ZES) helps more than 1,300 companies and organizations across the country optimize usage of their corporate tuition assistance programs in partnership with the UAGC.

Key Points: 
  • Zovio Employer Solutions (ZES) helps more than 1,300 companies and organizations across the country optimize usage of their corporate tuition assistance programs in partnership with the UAGC.
  • Zovio helps working adults by bringing together universities and employers to provide access to flexible upskilling programs and degrees to prepare individuals for the jobs of today and tomorrow.
  • Through these corporate partnerships, employees can enroll in university degree programs paid by their employers' tuition assistance or attend college-level courses at a discounted rate.
  • The partnerships developed by Zovio help employers create corporate tuition plans and business development strategies, offer learning opportunities, and streamline the integration of corporate tuition benefits.

Zovio Advances Turnaround Plan and Strengthens Financial Position

Retrieved on: 
Thursday, May 26, 2022
Multimedia, Hendricks, NASDAQ, Education, Solution, TutorMe, Review, Fullstack Academy, Growth, Student, The University of Arizona Global Campus, University, Management, Tutoring, Zovio

CHANDLER, Ariz., May 26, 2022 /PRNewswire/ -- Zovio (NASDAQ: ZVO), an education technology services company that partners with higher education and employers, announced progress on its plans to reset and turnaround the company.  Since taking the helm of Zovio in December, Hendricks has executed a series of decisive actions to set the company on a path to improve operational performance and strengthen its financial position. 

Key Points: 
  • Since taking the helm of Zovio in December, Hendricks has executed a series of decisive actions to set the company on a path to improve operational performance and strengthen its financial position.
  • Making progress with its strategic initiatives to stabilize and grow enrollment at the University of Arizona Global Campus.
  • "The actions we've taken over the last few months including the recent TutorMe divestiture represent meaningful steps in enhancing our financial flexibility to execute on our turnaround plan," Zovio CEO Randy Hendricks said.
  • The Zovio network, including Fullstack Academy, leverages its core strengths to solve priority market needs through education technology services.

Thinking about buying stock in Zovio, Roivant Sciences, Petco, Torm, or SoFi Technologies?

Retrieved on: 
Tuesday, May 24, 2022
Multimedia, Main Street, Wall Street, Retail

Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.

Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
  • Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
  • InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
  • We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.

TutorMe Named 2022 SIIA CODiE Award Finalist in Best Virtual Learning Solution

Retrieved on: 
Thursday, May 12, 2022
Education, Software, Student, Software and Information Industry Association, SIIA, Leadership, Solution, Association, TutorMe, Learning, Time, Publishing, Online Writing Lab, Tutoring, Public relations, Zovio

LOS ANGELES, May 12, 2022 /PRNewswire/ -- TutorMe, a leading 24/7 online tutoring solution, today announces that it was named a 2022 SIIA CODiE Award finalist in the Best Virtual Learning Solution category. CODiE finalists represent the best products, services, and people in the education and business technology industries.

Key Points: 
  • LOS ANGELES, May 12, 2022 /PRNewswire/ -- TutorMe , a leading 24/7 online tutoring solution, today announces that it was named a 2022 SIIA CODiE Award finalist in the Best Virtual Learning Solution category.
  • "We're thrilled to be recognized as a 2022 SIIA CODiE Award Finalist in the Best Virtual Learning Solution category," said Myles Hunter, TutorMe CEO and Co-founder.
  • "We are honored to have TutorMe be recognized as a SIIA CODIE Award Finalist for Best Virtual Learning Solution."
  • CODiE Award winners will be announced during the virtual winner announcement celebrations on June 8 and June 9, 2022.

Zovio Inc Reports First Quarter 2022 Results

Retrieved on: 
Tuesday, May 10, 2022
U.S. Securities and Exchange Commission, Forward-looking statement, Mission statement, Table, Private Securities Litigation Reform Act, GAAP, Adjustment, EBITDA, NASDAQ, Budget, Company, Time, Marginal cost, Security (finance), TutorMe, Annual report, Safe harbor, Income, Method, SEC, Solution, News, Technology, Zovio, Operating cost, Acquisition, Renewable energy, Aquaculture, Bank

CHANDLER, Ariz., May 10, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three months ended March31, 2022.

Key Points: 
  • CHANDLER, Ariz., May 10, 2022 /PRNewswire/ --Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three months ended March31, 2022.
  • Operating loss for the three months ended March31, 2022 was $7.2 million, compared with operating loss of $9.3 million for the three months ended March31, 2021.
  • Net loss for the three months ended March31, 2022 was $7.4 million, compared with net loss of $9.5 million for the three months ended March31, 2021.
  • Non-GAAP Financial Results for the Three Months Ended March31, 2022
    Non-GAAP operating loss for the three months ended March31, 2022 was $4.3 million, compared with non-GAAP operating loss of $3.1 million for the three months ended March31, 2021.

Zovio Celebrates National Volunteer Month with 16 Organizations

Retrieved on: 
Monday, May 9, 2022
Workplace, Clothing, Student, Woman, National Volunteer Month, Time, TutorMe, Caregiver, Organization, Transform, Blood, Food, Solution, Program, Mentorship, Multimedia, Management, Zovio

CHANDLER, Ariz., May 9, 2022 /PRNewswire/ -- April was National Volunteer Month and Zovio (Nasdaq: ZVO), an education technology services company, announced today its employees partnered with 16 organizations, across five states to volunteer their time and talents.

Key Points: 
  • CHANDLER, Ariz., May 9, 2022 /PRNewswire/ -- April was National Volunteer Month and Zovio (Nasdaq: ZVO), an education technology services company, announced today its employees partnered with 16 organizations, across five states to volunteer their time and talents.
  • "Zovio provides our employees 16 hours of paid volunteer time off annually to support the causes they are passionate about during National Volunteer Month and throughout the year."
  • The Televerde Foundation is one of the many organizations that Zovio employees partnered with during National Volunteer Month.
  • Zovio employees participated in the Televerde Foundation mock professional interview day on April 25 for 90 women in the Televerde Program.