Nerdy reports Q3 results (NRDY:NYSE)

Nerdy Inc. (NRDY) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Q3 2026 Earnings Release A Note to Our Shareholders Dear Shareholders, Our third quarter results were in line with expectations, with non-GAAP Adjusted EBITDA improving by $4.5 million year over year and non-GAAP Adjusted EBITDA margin expanding by over 1,000 basis p

Nerdy, the parent of Varsity Tutors, said in a shareholder letter that Varsity Tutors for Schools will be wound down and services will be discontinued effective immediately, citing districts’ reduced federal relief spending and a focus on its parent- and college-focused tutoring model. Experts at Stanford and others said evidence of student gains was insufficient. A cited 2022 study reported i-Ready score gains of 9.82 vs 4.52 points.

Nerdy (NYSE:NRDY) reported Q2 gross margin of 64.7%, up 320 bps year over year. Net loss narrowed to $6.9 million, and non-GAAP adjusted EBITDA loss fell 68% to $0.9 million. Free cash flow was negative $6.3 million. The company plans to shut VT4S and exit First Tutors, cutting fixed costs by about $11 million and reducing 2026 revenue guidance to $168 million to $175 million.

Nerdy Inc. (NRDY) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Q2 I 2026 Shareholder Letter The Learning Experience Q2 2026 EARNINGS RELEASE 0 2 In this release 01 A Note to Our Shareholders 03 02 Second Quarter Financial Highlights 06 03 Second Quarter 2026 Key Results 07 04 Third Quarter and Full Year 2026 Outlook 08 05 Financ

Ovid Therapeutics (OVID) reported Q3 2026 results, with R&D expenses rising to $15.7M and net loss widening to $20.8M. The company expects 2027 milestones for OV329 and OV4071, including Phase 1 and 2 data. Cash reserves total $161.4M, expected to last into 2029. OVID is down 0.70% at $2.83.

AST SpaceMobile (ASTS) reported Q3 2026 revenue of $42.3M, up 187% YoY. The company expects 45 satellites in orbit by mid-2027, delayed from prior targets. Shares rose 14.1% on Nov 9, 2026, before slipping after hours. ASTS reaffirmed 2026 revenue guidance of $150M-$200M, with Q4 relying on milestone payments. The company has $3.2B in cash reserves.