Chegg
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Chegg

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    • EducationMarketingTechnologyadvertisingcontent curriculume-learninghigher educationplatformrentaltutoring

    Chegg operates a student-first connected learning platform helping students' transition from high school to college to career. It offers print textbook and eTextbook library for rent and sale, provides eTextbooks, supplemental materials, Chegg Study service, tutoring service, writing tools, textbook buyback, test preparation service, internships, and college admissions and scholarship services, as well as enrollment marketing and brand advertising services.

    Revenue(FY, 2017)
    $255.1 M
    Market capitalization(2018-10-18)
    $2.9 B
    Customers(FY, 2017)
    4.2 M
    TypePublic
    HQSanta Clara, US
    Founded2005
    Size (employees)766 (est)-61%
    Websitechegg.com
    Chegg was founded in 2005 and is headquartered in Santa Clara, US
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    Key People/Management at Chegg

    Dan Rosensweig

    Dan Rosensweig

    President and Chief Executive Officer
    Nathan Schultz

    Nathan Schultz

    Chief Learning Officer
    Andrew Brown

    Andrew Brown

    CFO
    Mike Osier

    Mike Osier

    Chief Outcomes Officer
    Esther Lem

    Esther Lem

    Chief Marketing Officer
    Dave Borders

    Dave Borders

    General Counsel
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    Chegg Office Locations

    Chegg has an office in Santa Clara
    Santa Clara, US (HQ)
    3990 Freedom Circle
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    Chegg Financials and Metrics

    Chegg Revenue

    Embed Graph
    Chegg's revenue was reported to be $255.07 m in FY, 2017 which is a 0.4% increase from the previous period.
    USD

    Net income (Q2, 2018)

    		(6.5m)

    EBIT (Q2, 2018)

    		(3.3m)

    Market capitalization (18-Oct-2018)

    		2.9b

    Closing stock price (18-Oct-2018)

    		25.8

    Cash (30-Jun-2018)

    		384.9m
    Chegg's current market capitalization is $2.9 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		304.8m301.4m254.1m255.1m

    Revenue growth, %

    		(1%)(16%)0%

    Cost of goods sold

    		211.0m189.8m119.6m80.2m

    Gross profit

    		93.8m111.5m134.5m174.9m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

    Revenue

    		74.4m64.5m81.5m84.9m67.1m81.3m66.7m53.0m71.3m62.6m56.3m62.6m76.9m

    Cost of goods sold

    		65.5m38.6m68.3m65.5m36.3m61.7m38.9m21.4m38.7m21.4m17.0m22.4m20.2m

    Gross profit

    		8.9m25.9m13.3m19.4m30.8m19.6m27.7m31.6m32.6m41.2m39.3m40.3m56.7m

    Gross profit Margin, %

    		12%40%16%23%46%24%42%60%46%66%70%64%74%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		56.1m67.0m77.3m126.5m

    Accounts Receivable

    		400.7m

    Inventories

    		63.8m

    Current Assets

    		110.8m132.8m111.4m228.9m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Cash

    		39.4m30.8m53.2m50.0m35.1m80.9m41.5m49.7m90.2m70.3m66.1m106.8m384.9m

    Current Assets

    		108.4m74.6m111.0m102.2m99.2m151.2m124.1m108.4m139.3m103.9m89.4m214.8m490.4m

    PP&E

    		19.0m18.9m18.3m17.9m18.6m18.5m23.4m29.4m30.8m36.8m40.3m48.2m51.5m

    Goodwill

    		49.6m86.7m86.7m91.3m91.3m91.3m91.3m115.0m115.0m116.2m116.2m125.5m135.8m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		(64.8m)(59.2b)(42.2m)(20.3m)

    Inventories

    		(20.0m)29.0m10.0m

    Accounts Payable

    		10.9m(58.0m)(728.0k)2.6m

    Cash From Operating Activities

    		(20.7m)10.9m24.9m51.1m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

    Net Income

    		(25.8m)(8.2m)(32.4m)(28.5m)(10.1m)(24.2m)(15.7m)(9.0m)(16.1m)(6.4m)(2.6m)(6.5m)

    Depreciation and Amortization

    		5.2m10.7m

    Accounts Payable

    		9.8m6.1m4.8m3.8m12.0m4.3m6.3m8.0m3.3m(3.1m)(1.7m)

    Cash From Operating Activities

    		6.6m23.5m
    show all
    USDY, 2018

    Financial Leverage

    		1.9 x
    Show all financial metrics

    Chegg Operating Metrics

    Chegg's Customers was reported to be 4.2 m in FY, 2017.
    FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018

    Citations

    		430 m150 m140 m63 m147 m500 m130 m133 m

    Customers

    		3.10 m3.50 m4.20 m

    Internships Provided

    		320 340 250 k

    Views

    		99 m98 m74 m169 m440 m158 m158 m
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    Competitors

    Barnes & Noble
    Retail - Public
    Carnegie Dartlet
    Marketing - Private
    Embibe
    Education - Private
    Open Learning Initiative
    Education - Private
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    Chegg Online and Social Media Presence

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    Chegg News and Updates

    October 15, 2018

    Chegg Creates New Monetization Opportunities with Oracle Cloud

    REDWOOD SHORES, Calif., Oct. 15, 2018 /PRNewswire/ -- Chegg, Inc., the Smarter Way to Student™, has deployed Oracle Monetization Cloud to enable innovative digital subscription services. Chegg's student-first, interconnected learning platform is transforming the way millions of students...
    October 03, 2018

    Chegg to Announce Third Quarter 2018 Financial Results

    SANTA CLARA, Calif., Oct. 3, 2018 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today announced that it is scheduled to release its earnings results for the third quarter of 2018 ended September 30, 2018, on Monday, October 29, 2018, after the market close. Chegg...
    October 03, 2018

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc. - CHGG

    NEW YORK, Oct. 3, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation...
    September 28, 2018

    CHEGG INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Chegg, Inc. To Contact The Firm

    NEW YORK, Sept. 28, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG) If you invested in Chegg stock or options between July 30, 2018 and September 25, 2018 and...
    September 28, 2018

    SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Chegg, Inc. (CHGG) & Lead Plaintiff Deadline - November 26, 2018

    NEW YORK, Sept. 28, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Chegg Inc. ("Chegg" or the "Company") (NYSE: CHGG) on behalf of shareholders who purchased or otherwise acquired Chegg...
    September 26, 2018

    Investor Alert: Kaplan Fox Investigates Chegg, Inc.

    NEW YORK, Sept. 26, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors of Santa Clara, California-based Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG). On September 26, 2018, Chegg filed a report with the...
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    Chegg Company Life and Culture

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