The online Bible school virtual online Bible college stock has soared after the company announced its earnings today.
The company, founded by New York businessman Kevin Koval, reported that its online Bible College gained 5,000 students during the second quarter, up from a year earlier.
The stock is up almost 40% in the past year.
“The year before, we were just looking at $500 million,” Koval told CNBC.
“We just doubled that, which is amazing.”
The company is also looking to expand into areas that have been left out of traditional online Bible schools, such as travel, dating and parenting.
“There are a lot of people who are just not in the Bible college market,” Kavals said.
“It’s really important for us to grow our audience.”
Koval says he started the company because he is a huge believer in the biblical message of the Bible.
He hopes the online Bible-focused Bible college will provide students with a place to learn more about the Bible, but he says he doesn’t see it as a replacement for traditional schools.
“I think it’s going to be more of a complement,” he said.
Koval also said he plans to expand the company’s offerings to other areas, including online courses, and to create a video school.
The online bible school stock has climbed about 80% in a year, and is now trading at around $16 per share.
Kaval said he will be expanding his Bible school into more areas, but not necessarily in one particular field.
“That’s just something I think we’ll continue to explore,” he told CNBC, noting that he is also working on developing other technology-based offerings.
The latest news about Koval comes as a number of other companies are raising funds to boost their online Bible learning offerings.
On Monday, Kavallos’ company announced that it had raised $500,000 in funding.
Earlier this week, the New York Stock Exchange approved an offer of $1.8 billion in funding from the online bible education startup Exodus, which has raised $100 million in private funding.