MARKET COMPOSITE
LRN - K12 Inc8:00:02 PM 4/18/2024
Price
$57.26
-0.31 (-0.54%)
K12 Inc. is a for-profit education company that sells online schooling and curricula. K12 is an education management organization that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade . Publicly traded K12 is the largest EMO in terms of enrollment. The company was founded by former banker Ronald J. Packard. Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who along with the Milken Family Foundation, invested $10 million. Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital. It became a publicly traded company on December 13, 2007.
Financials
Quarterly financials
(USD)Dec 2022Q/Q
Revenue458.4MM+8%
Gross Profit170.1MM+31%
Cost Of Revenue288.3MM-2%
Operating Income68.1MM-337%
Operating Expenses102MM-
Net Income50.7MM-324%
G&A102MM-36%
Amortization3.3MM-
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