“Our revenue significantly increased due primarily to an increase in the number of enrollments during the Covid-19 pandemic,” the company’s IPO prospectus stated.
“Likewise, we have experienced a significant increase in our operating costs associated with our services, primarily driven by our freemium offerings and marketing efforts. As the pandemic made remote work and online learning more widespread, it is uncertain what impact the tapering of the Covid-19 Â pandemic could have on our operating results.”
• Prospectus S-1
