MARKET COMPOSITE
TWOU - 2U Inc8:00:00 PM 4/23/2024
Price
$0.24
-0.01 (-3.73%)
2U, Inc. is an American educational technology company that contracts with non-profit colleges and universities to offer online degree programs. The company supplies its client institutions with a cloud-based software-as-a-service platform, coursework design, infrastructure support, and capital. The company was founded in 2008 by John Katzman , Chip Paucek , and Jeremy Johnson as 2tor but later changed its name; In 2013, John Katzman left to start Noodle Partners, a similar company. As of 2019, Paucek continued to serve as CEO. Paucek holds an MBA from the University of North Carolina at Chapel Hill that he earned online through that school's partnership with 2U. 2U was started, in part, because its founders saw an opportunity due to the fact that few highly-ranked universities offered online instruction. 2U explicitly rejected the low-cost, low-quality business model of online education. 2U is the third company where Paucek was a founder.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue255.7MM+11%
Operating Income-22.5MM-16%
Operating Expenses278.2MM-
Net Income-42.4MM-11%
G&A24MM-35%
Marketing79.8MM-17%
Amortization25.8MM-4%
Interest Expense19.5MM+2%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    2U, Inc. (Nasdaq: TWOU) announced today that it will report its first quarter 2024 financial and operational results on Thursday, May 2, 2024. Paul Lalljie, Chief Executive Officer, and Matthew Norden, Chief Financial Officer, will hold an audio webcast and conference call at 4:30 p.m. ET to discuss the results.

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