The company ended the previous fiscal year on a strong note, growing revenues by 26% the company?s growing sales team performed well amidst improving end markets (pre-K enrollment grew 7% in school year ended 6/30/23). While public school districts recovered from a considerably weaker first half, Head Start program bookings remained muted as these customers continue to grapple with teacher staffing shortages. Good sales activity continued into the first quarter of 2024, with revenue growing 18% as public sector bookings maintained their momentum. Bookings were especially strong in the company?s Florida and California end markets, underpinned by continued interest in Creative Curriculum Cloud, GOLD Assessment, and PD Teacher Membership products. Although we forecast solid revenue growth in the mid-teens percent
