Instructure Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 04:05 pm EDT
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Instructure Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 131.07 million compared to USD 114.58 million a year ago. Net loss was USD 10.97 million compared to USD 12.92 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago.
For the six months, revenue was USD 259.91 million compared to USD 228.04 million a year ago. Net loss was USD 22.83 million compared to USD 18.46 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.13 a year ago.
Instructure Holdings, Inc. is an education technology company. The Company personalizes, simplifies, organizes, and automates the entire learning lifecycle through technology. Its learning platform comprises solutions, including Canvas LMS, Canvas Studio, Canvas Catalog, Canvas Network, Canvas Credentials, Canvas Student Pathways, Mastery Assessment, Impact, Elevate Data Sync, Elevate K-12 Analytics, Elevate Data Quality, Elevate Standards Alignment, and LearnPlatform. Canvas LMS is designed to give education customers of all sizes and at every level an extensive set of flexible tools to support and enhance content creation, management, and delivery of face-to-face, blended and online instruction. Canvas Studio is an online video platform that integrates with Canvas LMS, which enables customers to host, manage, edit, and deliver video learning experiences. Canvas Catalog is a course catalog and registration system. The Companyâs learning platform supports educators and learners.
INSTRUCTURE HOLDINGS, INC. 
