Nerdy press release (NYSE:NRDY): Q2 adjusted net loss was ($3.1) million for the second quarter of 2024 compared to non-GAAP adjusted net earnings of $0.4 million in the second quarter of 2023. Adjusted EBITDA Loss at the Top End of Guidance Range – Net loss was $14.4 million in the second quarter versus a net loss of $5.6 million during the same period in 2023. Revenue of $51M (+4.5% Y/Y) misses by $0.22M. Third Quarter and Full Year 2024 Outlook – We are providing third quarter and updating full year revenue and adjusted EBITDA guidance. Revenue Guidance: For the third quarter of 2024, we expect revenue in a range of $35 to $38 million vs. consensus of $49.58M. For the full year, we expect revenue in a range of $196-$204 million vs. consensus of $237.45M. Non-GAAP Adjusted EBITDA Guidance: For the third quarter of 2024, we expect adjusted EBITDA in a range of negative $19 million to negative $17 million. For the full year, we expect adjusted EBITDA in a range of negative $21 million to negative $19 million. Consistent with prior guidance we expect a return to durable and profitable growth as we exit the year.
