Topics regarding layoffs at Zovio (formerly Bridgepoint Education Inc.)

Topics regarding layoffs at Zovio (formerly Bridgepoint Education Inc.)

Zovio's Finances (as of June 30, 2022)

This is what the Zovio balance sheet looked like before the deal: Assets: $85 million ($20 million cash) Liabilities: $79 million Loss Last Q: $4.7 million Shareholder Equity: $6 million (for 33 million shares) For those at UAGC, welcome to... — read more 

by
| 1146 views | | 6 replies (last September 22, 2022)
Post ID: @OP+1ihYztBv

UAGC aquires Zovio online program assets?

What does this mean for workers and students? https://www.insidehighered.com/news/2022/08/01/arizona-global-campus-buys-assets-online-management-contractor

by
| 1331 views | | 6 replies (last August 11, 2022)
Post ID: @OP+1i0AiMkf

More bad news...

Disturbing news about Zovio, the online program manager of University of Arizona Global Campus. They are defying SEC rules by posting their 2021 Annual Report more than 90 days after the end of the year. The puts them closer to delisting from... — read more 

by
| 1711 views | | 2 replies (last April 1, 2022)
Post ID: @OP+1fYeKdMX

Rules for Delisting from NASDAQ

"Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company. Another action that brings a deficiency notice is a... — read more 

by
| 1027 views | | 2 replies (last March 25, 2022)
Post ID: @OP+1fTTdkSD

Our of business soon?

Less than $35 million in the bank, new $22 million lawsuit due and stock below $1.00 looking forward to seeing this company out of business soon

Zovio Earnings Call?

Any word on the Earnings Call? The later the date, the more ZVO has to use creative accounting and damage control.

by
| 1262 views | | 6 replies (last March 14, 2022)
Post ID: @OP+1fwP87Rh

Zovio and College Meltdown 2.0

"College Meltdown 2.0 comes as US fascism advances, the Coronavirus Pandemic becomes more normalized, student loan debt approaches $2 trillion, and the 2026 enrollment cliff is just a few years away. This wave includes remnants of for-profit... — read more 

by
| 1130 views | | 2 replies (last February 23, 2022)
Post ID: @OP+1fp7xSXH

Hook, line, and sinker...

"Last week, at a special session of the Arizona Board of Regents, University of Arizona president Robert Robbins announced that his school would shift course and integrate UAGC into the school, rather than keep it as a separate entity with a separate... — read more 

by
| 1253 views | | 1 reply (February 11, 2022)
Post ID: @OP+1f7P42MY

The Amazing Randy

An incredible Christmas present for Zovio's new CEO. $850K + $250K to $300K in shares + handsome performance bonuses just in 2022. And the chance to earn much more afterward. If the "Amazing Randy" can turn Zovio around like Purdue University... — read more 

by
| 1391 views | | 10 replies (last January 30, 2022)
Post ID: @OP+1eeIdILB

Zovio's "Dumpster Fire"

Zovio's "dumpster fire" is reminding so much of the collapse of Corinthian Colleges, ITT Tech, Education Management Corporation, Career Education Corporation schools, Apollo Group, ECA, Laureate Education, and so many others. Zovio is on trial in... — read more 

by
| 1621 views | | 2 replies (last December 3, 2021)
Post ID: @OP+1e6uZ5nd

New CEO

https://seekingalpha.com/news/3776220-edtech-firm-zovio-hires-new-ceo

by
| 927 views | | 1 reply (December 1, 2021)
Post ID: @OP+1e5Wrcuv

Fireside Chat

CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire via COMTEX/ -- CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced Zovio... — read more 

by
| 946 views | | 1 reply (November 30, 2021)
Post ID: @OP+1cPAH3jd

Targeting servicemembers with unbelievable claims

"The University of Arizona Global Campus appreciates the sacrifice you made for your country and takes pride in helping you create your future. We provide military tuition grants, dedicated military advisors seven days a week, and flexible schedules... — read more 

by
| 994 views | | 1 reply (November 30, 2021)
Post ID: @OP+1e48Hkld

World class?

So Zovio and UAGC are going to go down the same road as Kaplan Higher Education and Purdue University Global, selling a subprime school to working people as a "world-class" institution? The fraudulent claim is made at the 42 second mark. ... — read more 

by
| 1171 views | | 1 reply (September 30, 2021)
Post ID: @OP+1d4OKiYE

UAGC President

"The Louisiana Department of Education (LDOE) for at least three years manipulated qualification requirements for several New Orleans charter schools so that they would qualify for millions of dollars in federal grants, according to a former LDOE... — read more 

by
| 1305 views | | 2 replies (last September 1, 2021)
Post ID: @OP+1cC0hX0D

Reducing costs...

https://seekingalpha.com/article/4442278-zovio-inc-zvo-ceo-george-pernsteiner-on-q2-2021-results-earnings-call-transcript "Sure a lot of the savings are in taking a look at the company and really eliminating administrative functions that are not... — read more 

by
| 1230 views | | 1 reply (August 20, 2021)
Post ID: @OP+1clzGwpy

More losses. Burning through cash.

"Operating loss for the three months ended June 30, 2021 was $4.5 million, compared with operating income of $5.3 million for the three months ended June 30, 2020. Net loss for the three months ended June 30, 2021 was $4.0 million, compared with net... — read more 

by
| 1282 views | | 1 reply (August 14, 2021)
Post ID: @OP+1c5paL7R

Techniques of deception

Is anybody here feeling bothered by the current business practices? If so, let me know. https://www.republicreport.org/2021/zovio-adds-board-members-as-deceptions-at-arizona-global-persist/

by
| 1443 views | | 1 reply (June 15, 2021)
Post ID: @OP+1bj57paa

Student X

Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

by
| 711 views | | 1 reply (May 17, 2021)
Post ID: @OP+17T2sWL9

More losses

Operating loss for the three months ended March 31, 2021 was $9.3 million, compared with operating loss of $10.5 million for the three months ended March 31, 2020. Net loss for the three months ended March 31, 2021 was $9.5 million, compared with... — read more 

by
| 1042 views | | 1 reply (May 14, 2021)
Post ID: @OP+1aPIkQoj

$61M loss in 2020

https://www.sec.gov/ix?doc=/Archives/edgar/data/1305323/000130532321000013/zvo-20201231.htm

by
| 1080 views | | 1 reply (February 27, 2021)
Post ID: @OP+19ByLJ43

Ph.D.

Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single

by
| 813 views | | 1 reply (October 29, 2020)
Post ID: @OP+17F2z4tQ

COO Fired

Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... — read more 

Start a new thread - post a news comment, question or message:

: