Nerdy Inc. (NYSE:NRDY) Q1 2022 Results Conference Call May 16, 2022 5:00 PM ET

Company Participants

Molly Sorg - Head, IR

Chuck Cohn - Founder, Chairman and CEO

Jason Pello - CFO

Conference Call Participants

Ryan MacDonald - Needham

Eric Sheridan - Goldman Sachs

Maria Ripps - Canaccord

Doug Anmuth - JP Morgan

Andrew Boone - JMP Securities

Aaron Kessler - Raymond James

Brett Knoblauch - Cantor Fitzgerald

Mario Lu - Barclays

Greg Gibas - Northland Securities

Operator

Good afternoon. My name is Hannah, and I will be your conference operator today. At this time, I would to welcome everyone to the Nerdy First Quarter 2022 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Molly Sorg, Head of Investor Relations, you may begin your conference.

Molly Sorg

Good afternoon, and thank you for joining us for Nerdy’s First Quarter 2022 Earnings Call.

With me are Chuck Cohn, Founder, Chairman and Chief Executive Officer of Nerdy; and Jason Pello, Chief Financial Officer.

Before I turn the call over to Chuck, I’ll remind everyone that this discussion will contain forward-looking statements including, but not limited to, expectations with respect to Nerdy’s future financial and operating results, strategy, opportunities, plans and outlook. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Any forward-looking statements are made as of today’s date and Nerdy does not undertake or accept any obligation to publicly release any updates states or revisions to any forward-looking statements to reflect any change in expectations or any changes in events, conditions or circumstances on which any such statement is based. Please refer to the disclaimers in today’s press release announcing Nerdy’s first quarter results and the Company’s filings with the SEC for a discussion of the risks.

Not all of the financial measures that we will discuss today are prepared in accordance with GAAP. Please refer to today’s press release for reconciliations of these non-GAAP measures.

With that, let me turn the call over to Chuck. Chuck?

Chuck Cohn

Thanks, Molly, and thank you to everyone who has joined us today. We’re happy to be back in front of you to discuss our strong start to 2022 in addition to some of our more recent business developments. Let’s get started with a few of our highlights.