Zovio is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. The Zovio network, which includes Fullstack Academy, TutorMe, and Learn@Forbes, leverages its core strengths and applies its technology and capabilities to priority market needs. Using advanced data and analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio's purpose is to help everyone be in a class of their own.
Company profile
Ticker
ZVOI
Exchange
Website
CEO
Andrew S. Clark
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Bridgepoint Education Inc
SEC CIK
Corporate docs
Subsidiaries
Maverick, LLC • Insource Shared Services, LLC • Ed Tech Platform, LLC • Fullstack Academy, LLC • TutorMe, LLC • TutorMe RUS LLC ...
IRS number
593551629
ZVOI stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
21 Dec 22
15-12G
Securities registration termination
8 Dec 22
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Dec 22
8-K
Zovio Inc Reports Unaudited Pro Forma
30 Nov 22
8-K
Departure of Directors or Certain Officers
28 Nov 22
10-Q
2022 Q3
Quarterly report
21 Nov 22
NT 10-Q
Notice of late quarterly filing
14 Nov 22
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
2 Nov 22
8-K
Submission of Matters to a Vote of Security Holders
26 Oct 22
DEF 14A
Definitive proxy
3 Oct 22
Transcripts
ZVOI
Earnings call transcript
2022 Q2
1 Aug 22
ZVOI
Earnings call transcript
2022 Q1
10 May 22
ZVOI
Earnings call transcript
2021 Q3
28 Oct 21
ZVOI
Earnings call transcript
2021 Q2
29 Jul 21
ZVOI
Earnings call transcript
2021 Q1
13 May 21
ZVOI
Earnings call transcript
2020 Q4
25 Feb 21
ZVOI
Earnings call transcript
2020 Q3
28 Oct 20
ZVOI
Earnings call transcript
2020 Q2
3 Aug 20
ZVOI
Earnings call transcript
2020 Q1
29 Apr 20
ZVOI
Earnings call transcript
2019 Q4
20 Feb 20
Latest ownership filings
SC 13G/A
ROYCE & ASSOCIATES LP
31 Jan 23
SC 13G/A
Nantahala Capital Management, LLC
14 Dec 22
SC 13D/A
SevenSaoi Capital, LLC
23 Nov 22
SC 13G/A
BROWN BROTHERS HARRIMAN & CO
8 Nov 22
SC 13G/A
HEARTLAND ADVISORS INC
9 Sep 22
4
John Kiely
2 Sep 22
4
John Silvanus Jr. Wilson
2 Jun 22
4
Ron Huberman
2 Jun 22
4
KEVIN ROYAL
2 Jun 22
4
Victor K Nichols
16 May 22
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.03 mm | 6.03 mm | 6.03 mm | 6.03 mm | 6.03 mm | 6.03 mm |
Cash burn (monthly) | 6.95 mm | 2.95 mm | 1.24 mm | 3.29 mm | 5.17 mm | 6.38 mm |
Cash used (since last report) | 129.61 mm | 54.96 mm | 23.11 mm | 61.24 mm | 96.35 mm | 118.82 mm |
Cash remaining | -123.58 mm | -48.93 mm | -17.08 mm | -55.22 mm | -90.32 mm | -112.79 mm |
Runway (months of cash) | -17.8 | -16.6 | -13.8 | -16.8 | -17.5 | -17.7 |
Institutional ownership, Q1 2023
6.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 3 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 292.00 k |
Total shares | 2.32 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
SevenSaoi Capital | 2.07 mm | $0.00 |
Advisors Management | 199.84 k | $1.00 k |
Truepoint | 48.48 k | $291.00 k |