roadkilll
1 년 전
The press really missed the real story here
Rosensweig said.
"The first big step is the introduction of CheggMate, which we recently announced in cooperation with OpenAI," he continued. "CheggMate will harness the power of ChatGPT, paired with our proprietary data and subject-matter experts, to make learning more personalized, adaptive, accurate, fast, and effective – all in an easy-to-use and conversational manner."
(A potential AI winner if you look 6 months down the road. Chegg will have the interface needed for make ChatGPT easy to use and more productive for the educational user
TFMG
4 년 전
$CHGG Chegg Price Targets
Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
TREND1
7 년 전
SANTA CLARA, Calif., July 25, 2017 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), the Smarter Way to Student, today reported financial results for the three months ended June 30, 2017.
"The momentum we saw in Q1 continued into Q2, as we exceeded our expectations on both revenue and profitability. As engagement with Chegg Services expands, we have increased confidence to raise our guidance for the full year," said Dan Rosensweig, Chairman and CEO of Chegg, Inc. "We believe that Chegg is becoming the largest direct-to-student platform in the country, with students increasingly dependent on Chegg to master their subjects, pass their classes, and graduate. In the first half of this year students viewed almost 200 million pieces of Chegg Study content, created over 290 million new citations, and were tutored in over 180 different subjects."
Q2 2017 Highlights:
•Total Net Revenues of $56.3 million, an increase of 6% year-over-year
•Total Net Revenues to Non-GAAP Total Net Revenues growth increased 38% year-over-year *
•Chegg Services Revenues grew 50% year-over-year to $44.7 million, or 79% of total net revenues, compared to 56% in Q2 2016
•Net Loss was $6.0 million
•Non-GAAP Net Income was $6.0 million
•Adjusted EBITDA was $10.1 million
•1.2 million: number of Chegg Services subscribers
•98 million: total Chegg Study content views
Our total net revenues are comprised of two revenue streams: (1) Chegg Services revenues, which includes Chegg Study, Chegg Tutors, our Writing Tools service, Enrollment Marketing, Brand Partnership, Internships, and Test Prep; and (2) Required Materials revenues, which includes commission revenues from Ingram Content Group (Ingram) and textbook publishers, and the rental and sale of eTextbooks.
* Chegg presents non-GAAP total net revenues as if the transition of textbook inventory investment and textbook logistics and fulfillment functions for Chegg's print textbook business to Ingram was complete and the revenues from print textbook business were entirely commission-based. Chegg completed its transition to Ingram in November 2016 and to provide a more meaningful comparison of Chegg's total net revenues for the second quarter of 2017, Chegg has presented the year-over-year percentage against non-GAAP total net revenues for the same period in 2016.
For more information about non-GAAP total net revenues, non-GAAP net income, and adjusted EBITDA, and a reconciliation of non-GAAP total net revenues to total net revenues, non-GAAP net income to net loss, and adjusted EBITDA to net loss, see the sections of the press release titled "Use of Non-GAAP Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures."
Business Outlook:
Third Quarter 2017
•Total Net Revenues in the range of $56 million to $58 million
•Chegg Services Revenues in the range of $37 million to $39 million
•Gross Margin between 60% and 62%
•Adjusted EBITDA in the range of $3 million to $4 million
Full Year 2017
•Total Net Revenues in the range of $241 million to $243 million
•Chegg Services Revenues in the range of $180 million to $182 million
•Gross Margin greater than 65%
•Adjusted EBITDA in the range of $41 million to $42 million
•Capital Expenditures in the range of $20 million to $25 million
•Free Cash Flow in the range of $18 million to $22 million