Chegg Inc (N:CHGG)

Business Focus: Education & Training Information Providers

Sector:  Industrials Industry:  Professional Information Services
See Regulatory Filings on SEC
Company Contact
Address: 3990 Freedom Cir
SANTA CLARA CA 95054-1204
Tel: N/A
IR: See website
Key People
Daniel L. Rosensweig
Co-Chairman of the Board, President, Chief Executive Officer
Richard Sarnoff
Independent Co-Chairman of the Board
Andrew J. Brown
Chief Financial Officer
Nathan J. Schultz
President - Learning Services
Michael Osier
Chief Information Officer, Chief Outcomes Officer
Esther Lem
Chief Marketing Officer
Dave Borders
General Counsel
John Paul Fillmore
Chief Business Officer
Business Overview
Chegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. It also offers eTextbooks library for rent and sale. The Company also has live tutors on its connected learning platform available to students online, anytime, anywhere through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. It offers two product lines: Required Materials and Chegg Services. The Required Materials product line includes the rental and sale of print textbooks and eTextbooks, as well as the commission it receives from Ingram.
Financial Overview
For the fiscal year ended 31 December 2019, Chegg Inc revenues increased 28% to $410.9M. Net loss decreased 35% to $9.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Other income (expense), net increase from $4M to $20.1M (income), Restructuring charges decrease of 84% to $97K (expense).
Employees: 1,401 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $4,622M as of Dec 31, 2019
Annual revenue (TTM): $410.93M as of Dec 31, 2019
EBITDA (TTM): $49.61M as of Dec 31, 2019
Net annual income (TTM): -$9.61M as of Dec 31, 2019
Free cash flow (TTM): $71.08M as of Dec 31, 2019
Net Debt Last Fiscal Year: $131.71M as of Dec 31, 2019
Shares outstanding: 121,890,028 as of Jan 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization