Aspen Group Stock Price, News & Analysis

Aspen Group reported its fourth quarter and full fiscal year 2022 results, revealing a decrease in net loss to $(2.1) million from $(2.3) million. The company achieved positive Adjusted EBITDA of $0.5 million, contrasting with a loss of $(1.3) million in the prior quarter. Revenue increased by 13% year-over-year to $76.7 million, driven by growth in both Aspen University and United States University. However, new student enrollments fell significantly, impacting cash flow and future growth. The company plans to discuss its outlook and financing options during the next earnings call in September.

Aspen Group, Inc. (ASPU) announced its upcoming financial results for the period ending April 30, 2022, set to be released on July 19, 2022, at 4:30 PM ET. The results will be followed by a conference call to discuss the fourth quarter and fiscal year outcomes. Investors can access the call via phone or listen to a replay available for seven days post-event. Aspen Group focuses on making college more affordable through its universities, Aspen University and United States University.

Aspen Group, Inc. (ASPU) announced that its online institution, United States University (USU), has reaffirmed its accreditation for eight years by the WASC Senior College and University Commission (WSCUC). This decision reflects USU's commitment to its mission and effective governance, alongside improved financial conditions and innovative nursing clinical placements. WSCUC confirmed that USU met the Core Accreditation Commitments and successfully completed its review process under established standards. This accreditation is crucial as it enhances USU's reputation and operational capacity.

Aspen Group, Inc. (Nasdaq: ASPU) reported a 13% increase in fiscal year 2022 revenue, totaling $76.7 million, compared to $67.8 million in fiscal year 2021. The preliminary fourth quarter revenue was $19.4 million, up from $19.1 million year-over-year. The company reduced its marketing spend by $1.5 million to ensure adequate cash for a surety bond. Expected fourth-quarter net loss is between ($2.4) million and ($2.1) million, with Adjusted EBITDA projected between $0.3 million and $0.6 million. The company anticipates a lower cash burn and ending cash balance of approximately $6.5 million.

Aspen Group, Inc. (Nasdaq: ASPU) has announced its participation in the B. Riley 22nd Annual Institutional Investor Conference from May 24-26, 2022, at The Beverly Hilton Hotel in Beverly Hills, California. CEO Michael Mathews and CFO Matt LaVay will be present for one-on-one meetings on May 25 and will host a fireside chat that same day. Aspen Group focuses on making college affordable through its universities, Aspen University and United States University. For more information or to schedule a meeting, contact the event organizers via email.

Aspen Group, Inc. (ASPU) reported a revenue increase to $18.9 million for Q3 FY 2022, up from $16.6 million in Q3 FY 2021, marking a 14% year-over-year growth. However, the company faced a net loss of ($3.7 million), wider than the ($2.8 million) loss in the previous year. The gross profit rose to $9.2 million with a 49% gross margin. A revised revenue outlook for FY 2022 is set at $75.5 million to $77.5 million, down from earlier guidance of $77.0 to $80.0 million. The company aims to meet robust demand in nursing education despite challenges posed by COVID-19.

Aspen Group, Inc. (Nasdaq: ASPU) closed a $10 million convertible note and established a $20 million revolving credit facility to fund the expansion of its nursing degree programs. The convertible notes have a five-year maturity, paying 12% interest annually, and can convert into shares at $1.00 each. The credit facility is secured, with no current drawdowns anticipated. These funds will support the growth of BSN Pre-Licensure campuses in high-demand states and enhance marketing for post-licensure programs.

Aspen Group, Inc. (Nasdaq: ASPU) announced it will report its financial results for the period ended January 31, 2022, on March 15, 2022, at 4:30 PM ET. A conference call will follow to discuss these results and the business outlook. The call can be accessed via toll-free numbers for U.S. and international callers. An audio transcript will be available post-call on the company's website.

Aspen Group operates with a vision to make college more affordable through its universities, Aspen University and United States University.

Aspen Group, Inc. (Nasdaq: ASPU) announced that Aspen University has received final regulatory approvals for its Bachelor of Science in Nursing (BSN) Pre-Licensure program in Atlanta, Georgia. Effective immediately, marketing and enrollment of first-year prerequisite students will begin. The program will follow a three-year accelerated model and starts at a total cost of $52,825. The Atlanta area, previously occupied by the University of Phoenix, will serve a growing population, enhancing Aspen's market presence. Support from local healthcare organizations underscores the demand for nursing education in Georgia.