nerdy, a company that makes tools for learning, made a deal with a school district called johnson county schools. they will give all the students there free access to the nerdy platform, varsity tutors for schools, to help them learn. nerdy wants to make learning better using technology. the deal will last until 2030. Read from source...

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This article reports on Nerdy, Inc. (NRDY) partnering with Johnson County Schools to provide free access to the Varsity Tutors for Schools platform to all district students. The partnership will extend through June 2030. The Varsity Tutors for Schools platform provides academic resources and tools with three simple models for high- dosage tutoring administration. The platform is availed by more than 500 school districts across the United States. Nerdy's commitment to revolutionizing education through technology and solidifying its position as a leader in the online learning space is underscored by this collaboration. The company generated $11.1 million in revenues from its Institutional segment in the second quarter of 2024, representing 33% YoY growth. Nerdy has no debt currently and has $69.8 million of cash in hand. The company's shares have underperformed the industry, with a YTD decline of 69.6%, compared with the Zacks Schools industry's 1.7% decline.

This article has a neutral sentiment. The report presents facts about the partnership between Nerdy, Inc. And Johnson County Schools, without expressing any positive or negative opinions on the matter. The article briefly discusses the company's financial performance and market position, but does not offer a clear bullish or bearish outlook for Nerdy's stock. The reference to the underperformance of the company's shares compared to the industry is a neutral observation, neither praising nor criticizing the company's market performance.

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