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  "documentTitle": "Nerdy | SPAC Presentation Deck | 49 slides",
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  "presentationDate": "2021-01-01 00:00:00",
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  "notes": "The chart illustrates a positive correlation between multi-format engagement and revenue per learner.",
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      "text": "+89% $/Learner 4 formats vs. 1:1",
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      "text": "1st Year Net Sales / User by # of Formats Used",
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      "text": "1. Net sales is a non-GAAP measure representing client purchases inclusive of payments due within 30 days minus refunds recorded during the period, a close proxy for cash receipts from customers. Net $ / Learner measured by format usage Oct 1, 2019 - Sept 30, 2020. Amounts exclude Legacy Businesses.",
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      "text": "Profitable on first purchase, immediately paying back CAC\nLTV expansion driven by multi-format engagement",
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      "text": "Format Expansion Improving Already Strong Unit Economics",
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