Aspen Group

Aspen Group, Inc. is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.

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Aspen Group, Inc. is a holding company, which engages in the provision of higher education services. It offers pre- and post-licensure nursing programs and graduate studies. The company was founded in 1987 and is headquartered in Phoenix, AZ.

Q2 Fiscal 2025 Highlights Reports revenue of $11.5 Million Gross margin increased to 71% from 63% Net loss of $(4.2) million reflects $(4.9) million one-time non-cash lease related impairment charges for right-of-use assets and tenant leasehold improvements Adjusted EBITDA improved by 42% year-over-year due to continued cost controls PHOENIX, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Markets: ASPU) (“AGI” or the "Company"), an education technology holding company, today announced financial results for its second quarter fiscal year 2025 ended October 31, 2024. Second Quarter Fiscal Year 2025 Summary Results   Three Months Ended October 31,   Six Months Ended October 31, $ in millions, except per share data   2024       2023       2024       2023   Revenue $ 11.5     $ 13.8     $  22.8     $ 28.5   Gross Profit1 $ 8.1     $ 8.7     $ 15.6     $ 18.5   Gross Margin (%)1   71 %     63 %     69 %     65 % Operating Income (Loss) $ (4.8 )   $ (0.5 )   $ (5.5 )   $ (0.2 ) Net Income (Loss) Available to Common Stockholders 2 $ (4.2 )   $ (1.6 )   $ (4.4 )   $ (2.3 ) Earnings (Loss) per Share Available to Common Stockholders $ (0.16 )   $ (0.06 )   $ (0.17 )   $ (0.09 ) EBITDA3 $ (3.0 )   $ 0.4     $ (1.9 )   $ 1.8   Adjusted EBITDA3 $ 1.5     $ 1.1     $ 2.0     $ 3.0   _______________________                                                                                          1 GAAP gross profit calculation includes marketing and promotional costs, instructional costs and services, and amortization expense of $0.5 million and $0.5 million, and $0.9 million and $1.0 million for the three and six months ended October 31, 2024 and 2023, respectively.

Aspen Group Reports Positive Cash from Operations Fiscal Year-to-Date

PHOENIX, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Markets: ASPU) (“AGI”), an education technology holding company, today announced financial results for its first quarter of fiscal year 2025 ended July 31, 2024.

Aspen Group Delivers Positive Cash Flow from Operations in Fiscal Q1 2025

PHOENIX, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI" or the “Company”) (OTCQB: ASPU), an education technology holding company, announced today that Aspen University ("AU") has been removed from the Heightened Cash Monitoring 2 ("HCM2") status by the U.S. Department of Education (“DOE”). Effective August 16, 2024, AU transitioned to Heightened Cash Monitoring 1 ("HCM1") status.

Aspen University Removed from HCM2 Payment Method

PHOENIX, July 22, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI" or the “Company”) (OTCQB: ASPU), an education technology holding company, announced today that on July 19, 2024, the Company received notification from the Distance Education Accrediting Commission (the Commission) regarding its decision to vacate the show cause directive previously issued to Aspen University (“Aspen”) on February 1, 2023.

Aspen University Announces the Distance Education Accrediting Commission has Vacated its Show Cause Directive Effective Immediately

PHOENIX, June 10, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI" or the “Company”) (OTCQB: ASPU), an education technology holding company, today announced that the Company received approval of an amendment to the Certificate of Incorporation of the Company to increase the number of shares of common stock authorized to 85 million shares. Michael Mathews, Chief Executive Officer and Chairman of the Board, presided at the special stockholder meeting earlier today.

Aspen Group, Inc. Receives Stockholder Approval to Increase the Number of Shares of Common Stock Authorized

PHOENIX, May 02, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI" or the “Company”) (OTCQB: ASPU), an education technology holding company, today announced it entered into third and fourth amendments to its Senior Secured Debentures issued May 11, 2023 with JGB Management Inc. (“JGB”). The amendments, among other things, reduce the Company's debt principal repayment obligations by up to nine months, provide for the prepayment of $500,000 of principal utilizing restricted cash, and made the Debentures convertible into common stock at $0.50 per share.

Aspen Group, Inc. Amends Debentures

Aspen Group, Inc. (ASPU) Q2 2024 Earnings Call Transcript

Q2 Fiscal 2024 Highlights Gross margin increased by 300 basis points to 63% Operating loss improved 66% to ($0.5) million from ($1.5) million Narrowed net loss to ($1.6) million from ($2.3) million 4th consecutive quarter of positive EBITDA; generated positive cash from operations AGI total enrollment grew by 5% YoY and 34% sequentially; USU enrollment rose by 8% YoY NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTCQB: ASPU) (“AGI” or the "Company"), an education technology holding company, today announced financial results for its second quarter fiscal year 2024 ended October 31, 2023. Second Quarter Fiscal Year 2024 Summary Results   Three Months Ended October 31,   Six Months Ended October 31, $ in millions, except per share data   2023       2022       2023       2022   Revenue $ 13.8     $ 17.1     $ 28.5     $ 36.0   Gross Profit1 $ 8.7     $ 10.2     $ 18.5     $ 18.4   Gross Margin (%)1   63 %     60 %     65 %     51 % Operating Income (Loss) $ (0.5 )   $ (1.5 )   $ (0.2 )   $ (4.7 ) Net Income (Loss) $ (1.6 )   $ (2.3 )   $ (2.3 )   $ (6.0 ) Earnings (Loss) per Share $ (0.06 )   $ (0.09 )   $ (0.09 )   $ (0.24 ) EBITDA2 $ 0.4     $ (0.6 )   $ 1.8     $ (2.8 ) Adjusted EBITDA2 $ 1.1     $ 0.5     $ 3.0     $ (0.6 ) _______________________                                                                                          1 GAAP gross profit calculation includes marketing and promotional costs, instructional costs and services, and amortization expense of $0.5 million and $0.5 million, and $1.0 million and $1.0 million for the three and six months ended October 31, 2023 and 2022, respectively.

Aspen Group Reports Revenue of $13.8 Million for Second Quarter Fiscal 2024

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (OTCQB: ASPU), an education technology holding company, today announced its successful up-listing from the OTC Pink Market to the OTCQB® Venture Market (the "OTCQB") effective for trading October 18, 2023 at the open. Aspen Group will continue to trade under the ticker symbol "ASPU."

Aspen Group, Inc. Announces Up-listing to OTCQB Market

NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Pink: ASPU) (“AGI or the Company”), an education technology holding company, today announced financial results for its first quarter fiscal year 2024 ended July 31, 2023.

Aspen Group Reports Revenue of $14.6 Million and Operating Income of $0.4 million for First Quarter Fiscal 2024

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (OTC Pink: ASPU), an education technology holding company, today announced that it has closed on a private placement of debentures with JGB Management Inc. for gross proceeds of $12.4 million, before an 11% original issue discount, fees and other financing expenses, from the issuance of a senior secured debenture. AGI also issued the investors a total of 2.2 million five-year warrants. The Company intends to use the proceeds from the private placement to refinance existing debt and for working capital purposes.

Aspen Group, Inc. Announces Closing of $12.4 Million Private Placement

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (“Aspen Group” or “AGI”) (Nasdaq: ASPU), an education technology holding company, today announced that Aspen University, Inc. (“Aspen”) a subsidiary of Aspen Group, Inc., entered into an Amendment to the September 2022 Consent Agreement with the Arizona Board of Nursing (“the Board”) that permits the teach-out of the BSN Pre-licensure program to continue. Following execution of the Amendment, Aspen issued the following statement:

Aspen University Executes Amendment to September 2022 Consent Agreement with the Arizona Board of Nursing that Permits the Teach-Out of its BSN Pre-Licensure Program to Continue

NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology holding company, today announced that it has given formal notice to the Nasdaq Stock Market of its intention to voluntarily delist its common stock from the Nasdaq Capital Market and to deregister its common stock under Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Aspen Group, Inc. Announces Voluntary Delisting from the Nasdaq Capital Market

Aspen Group, Inc. (NASDAQ:ASPU ) Q2 2023 Earnings Conference Call December 13, 2022 4:30 PM ET Company Participants Michael Mathews - Chairman and Chief Executive Officer Matt LaVay - Chief Financial Officer Conference Call Participants Eric Martinuzzi - Lake Street Raj Sharma - B. Riley Brett Reiss - Janney Montgomery Scott Mike Grondahl - Northland Securities Operator Good afternoon.

Aspen Group, Inc. (ASPU) Q2 2023 Earnings Call Transcript

Aspen Group Inc. (ASPU) delivered earnings and revenue surprises of 12.50% and 12.56%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Aspen Group Inc. (ASPU) Reports Q2 Loss, Tops Revenue Estimates

NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (Nasdaq: ASPU) (“AGI” or the “Company”), an education technology holding company, today announced financial results for its second quarter fiscal year 2023 ended October 31, 2022.

Aspen Group Reports Revenue of $17.1 million for Second Quarter Fiscal 2023

NEW YORK, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (“Aspen Group” or “AGI”) (Nasdaq: ASPU), an education technology holding company, today announced that it will report financial results for the period ended October 31, 2022, on Tuesday, December 13, 2022, at 4:30 pm ET.

Aspen Group, Inc. to Report Financial Results for the Second Quarter Fiscal Year 2023 on December 13, 2022

NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology holding company, today announced that the Company has canceled the Equity Distribution Agreement that it entered into on August 18, 2022 with Northland Securities, Inc.

Aspen Group, Inc. Cancels Equity Distribution Agreement

Aspen Group Inc. (ASPU) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Aspen Group Inc. (ASPU) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Aspen Group, Inc. (NASDAQ:ASPU ) Q1 2023 Earnings Conference Call September 13, 2022 4:30 PM ET Company Participants Michael Mathews - Chairman & Chief Executive Officer Matt LaVay - Chief Financial Officer Conference Call Participants Eric Martinuzzi - Lake Street Capital Raj Sharma - B. Riley Jack Cole - Craig-Hallum Capital Group Michael Grondahl - Northland Securities Operator Good afternoon.

Aspen Group, Inc. (ASPU) Q1 2023 Earnings Call Transcript

Aspen Group Inc. (ASPU) delivered earnings and revenue surprises of -8.33% and 0.96%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

Aspen Group Inc. (ASPU) Reports Q1 Loss, Tops Revenue Estimates

NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (Nasdaq: ASPU) (“AGI”), an education technology holding company, today announced financial results for its first quarter fiscal year 2023 ended July 31, 2022.

Aspen Group Reports Revenue of $18.9 million for First Quarter Fiscal 2023

Aspen Group Inc. (ASPU) delivered earnings and revenue surprises of 28.57% and 0.11%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Aspen Group Inc. (ASPU) Reports Q4 Loss, Misses Revenue Estimates

Aspen Group, Inc. (NASDAQ:ASPU ) Q4 2022 Earnings Conference Call July 19, 2022 4:30 PM ET Company Participants Michael Mathews - Chairman & CEO Matt LaVay - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Eric Martinuzzi - Lake Street Capital Owen Rickert - Northland Securities Rajiv Sharma - B. Riley Securities Operator Good afternoon.

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