Higher ed revenue down 9%
Negative cash flow
$38.9 million dollar loss
Full stop
10 replies (most recent on top)
I’m so proud. Thank you all for another stellar year. Congratulations to you all. You really are making a difference in students lives
They actually have the nerve to say "robust customer demand and strong sales momentum.". Bawhahahahahaha!!!! No one wants their cr---y products. MH and crew are unhinged.
Cengage has screwed and lowballed every vendor on the planet. No one is doing them any favors. Kharma is a bi--h. Will Ferrell said it best in Wedding Crashers. “What a bunch of losers!!!!”
Cengagey burned through almost half of its cash on hand. For the employees with English degrees that means the company is running out of money.
It’s almost like… no one could’ve predicted that once classes were in person again, schools would be less interested in digital… … …
Greetings -
I am not sure which earnings call the OP was listening to. Cengage Unlimited is an unmitigated success and we have accelerated our already aggressive transition to digital. A full 75% of our content sales are now digital. We are unconcerned about print deliveries as we are an EdTech company. Our guidance is unchanged and Marrrrrrryyyyy...its good to hear your voice.
Good thing my DM is on task… where would I be without the team id--t?
Race to the bottom with printers? Having worked closely with print production at Cengage for several years, they found the bottom years ago and kept digging.
Paper shortage has delayed SO many books delivering. Word on the street is that competitors aren't facing the same pressures. Did Cengage just race to the bottom with printers or something?
Chin up there little camper, we will get through this, hey want some pizza?