...A. Highlights: Over last 1.5 years, experienced extraordinary growth. 1. In midst of strong year, had solid 3Q. a. 2. In late Sept. it became clear to Co. that education industry is experiencing slowdown that it believes is temporary. This industry-wide dynamic was unanticipated and is direct result of COVID-19 pandemic. a. b. Combination of variants, increased employment opportunities and compensation, along with fatigue, have all led to significantly fewer enrollments than expected this semester. Those students who have enrolled are taking fewer and less rigorous classes and are receiving less graded assignments. i. ii. Believes this is post pandemic impact that will affect this school year, but is not sustainable for higher education long term. c. Learning sites and apps, both free and paid in US and Canada have experienced significantly reduced traffic since fall semester began. d. Despite aforementioned trends, team continues to execute at high level. i. Experienced YoverY increases...
