Fuzzy Panda Research Issues Report Titled; "Stride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds"
Portfolio Pulse from Benzinga Newsdesk
Fuzzy Panda Research has released a report on Stride Inc (LRN), alleging that over 25% of its EBITDA was derived from Covid-related funds. The report suggests that Stride Inc may have been overly reliant on these funds, which could impact its financial performance as such funding diminishes.
October 16, 2024 | 12:33 pm
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Fuzzy Panda Research's report suggests Stride Inc's financial performance may have been significantly bolstered by Covid-related funds, with over 25% of EBITDA attributed to these sources. This raises concerns about the company's earnings sustainability as such funding decreases.
The report by Fuzzy Panda Research highlights a potential over-reliance on Covid-related funds for Stride Inc's EBITDA. As these funds diminish, the company's earnings could be negatively impacted, leading to potential short-term stock price pressure.
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