Insights

TriVision’s Client K12 Inc. Reports Profitable Second Quarter of $12.3M in for its Herndon Location

TriVision's client K12 Herndon location profits

TriVision’s client K12 reported its second fiscal quarter (December 2014) earnings for itsHerndon, Virginia-based location last week, reporting a profitable quarter of nearly $12.3 million after suffering more than 40 percent loss just a year ago.

K12 is the leading transformation to individualized learning as the nation’s foremost provider of technology-powered online solutions for students in pre-kindergarten through high school. K12 has partnered with more than 2,000 school districts and has delivered more than 4 million courses over the past decade.

Its total enrollment increased by 0.9 percent and revenue was up 3.2 percent, triggering its stocks to soar in New York Stock Exchange trading after the earnings release. K12 expects its 2015 third quarter revenue to come in between $230 million to $240 million.

Chairman and CEO Nate Davis states, ”The academic progress of our students and successes of our managed public schools continue to drive K12 forward. After years of focused investment coupled with an unrivaled commitment to putting students first, we are beginning to see improvement in student proficiency on State academic assessments. The K12 team remains passionate about supporting students, teachers and our partner schools to continue this trend toward academic excellence.” Click here to see the detailed results for the second financial quarter.

TriVision has an on-going relationship with K12 to produce quarterly webcasts of top executives of K12, streaming the events live to their over 5,000 employees worldwide. The multi-camera productions took place at TriVision’s 12,000 sq.ft studio, as was the intensive pre-production planning, set design, stage setup, an on-site director, producer, and AV technicians. Both productions and web streaming were always a success!

To learn more about K12, visit them on www.k12.com.

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