In regards to portfolio management. Chip said we are in the final “innings” for exiting degree programs. This is from the Q3 earnings call. It looks like there will be another 49 million coming in from other partnerships dissolving in Q4. Not sure if I’m interpreting this correctly but figured I would share.
Paul Lalljie: Josh, we had about $7.6 million in the first half of the year. The net revenue impact in 2023 is about $100 million. And the cash impact is a little higher because the cash includes the higher dollar amount than the actual revenue recognized within the period. So the $49 million represents the additional deals that are expected to be signed in the fourth quarter. But the revenue in the fourth quarter already has USC included. So, essentially, the cash that we expect, the $96 million from the deals already signed and the additional $49 million, it adds up to $145 million, which is higher than the revenue that's recognized.
https://m.investing.com/news/stock-market-news/earnings-call-2u-inc-reports-q3-revenue-of-2297m-outlines-strategic-plans-for-2024-93CH-3230230