/PRNewswire/ 2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the full-year and fourth.
2U Reports Results for First Quarter 2021
Delivers revenue growth of 32%
Reports improved profitability and positive cash flows from operations
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LANHAM, Md., April 28, 2021 /PRNewswire/
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the quarter ended March 31, 2021.
Results for First Quarter 2021 Compared to First Quarter 2020
Revenue increased 32% to $232.5 million
Degree Program Segment revenue increased 23% to $145.9 million
Alternative Credential Segment revenue increased 52% to $86.6 million
Net loss improved $14.5 million to $45.6 million, or $0.62 per share
Total cash balance at quarter end increased to $505.1 million, from $157.5 million
Non-GAAP Results for First Quarter 2021 Compared to First Quarter 2020
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LANHAM, Md., Feb. 11, 2021 /PRNewswire/
2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today reported financial and operating results for the full-year and fourth quarter ended December 31, 2020.
Results for Full-Year 2020 Compared to Full-Year 2019
Revenue increased 35% to $774.5 million
Degree Program Segment revenue increased 17% to $486.7 million
Alternative Credential Segment revenue increased 83% to $287.8 million
Net loss improved $18.7 million to $216.5 million, or $3.22 per share
Total cash balance increased to $518.9 million
Non-GAAP Results for Full-Year 2020 Compared to Full-Year 2019
Adjusted EBITDA improved by $40.0 million to $16.1 million
Adjusted net loss improved by $8.1 million to $63.7 million, or $0.97 per share
Results for Fourth Quarter 2020 Compared to Fourth Quarter 2019