Aspen Group Stock Price, News & Analysis

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.

Aspen Group, Inc. (ASPU) reported a revenue increase to $18.9 million in Q2 FY 2022, up from $17.0 million last year. The company's net loss improved by 35% year-over-year to ($2.9 million). Gross profit saw a slight rise to $9.7 million with a gross margin of 51%.

However, the ongoing COVID-19 pandemic has slowed enrollment growth, particularly among RNs, which make up 69% of the student body. Looking forward, ASPU revised its FY 2022 revenue guidance to $77-$80 million.

Aspen Group, Inc. (Nasdaq: ASPU), an education technology holding company, has announced it will release its financial results for the period ended October 31, 2021, on December 14, 2021, at 4:30 p.m. ET. A conference call will follow to discuss the results and business outlook. The company aims to make college more affordable through its universities, Aspen University and United States University. Following the call, a transcript will be available on the company's website, and a seven-day replay will also be offered.

Aspen Group, Inc. (ASPU) reported a 28% increase in revenue for Q1 FY 2022, reaching $19.4 million compared to $15.2 million in the previous year. Despite this growth, the company posted a net loss of ($0.9 million), remaining unchanged year-over-year. EBITDA improved to $0.1 million, signaling a shift towards profitability. Key contributors to revenue included Aspen's BSN Pre-Licensure and US University programs, which had a combined share of 55%. The ongoing Aspen 2.0 strategy aims to enhance profitability by focusing on higher LTV programs.

Aspen Group, Inc. (Nasdaq: ASPU) announced it will report financial results for the period ended July 31, 2021, on September 14, 2021, at 4:30 pm ET. A conference call will follow to discuss the first quarter fiscal year 2022 results and outlook. Participants can join the call via toll-free numbers for both U.S. and international callers. The company aims to make college more affordable through its universities, Aspen University and United States University.

Aspen Group, Inc. (Nasdaq: ASPU) announced the departure of C. James Jensen from its Board of Directors, who will transition to an Advisory Board role as he pursues a new business. Joining the Board as an independent director is Dr. Joan Prince, former Vice Chancellor for Global Inclusion and Engagement at the University of Wisconsin Milwaukee. This leadership change aims to enhance the company's focus on diversity and inclusion, as Dr. Prince will also serve on the Compensation Committee. The Board will maintain eight directors, with seven being independent.

Aspen Group, Inc. (Nasdaq: ASPU) reported a strong fourth quarter for FY 2021, with revenues rising 35% to $19.1 million, driven by significant contributions from its BSN Pre-Licensure program and MSN-FNP courses. The company forecasts FY 2022 revenue between $85 million and $88 million, anticipating a 27% growth. Despite a net loss of $10.4 million for FY 2021, AGI aims for profitability by Q4 2022, supported by a focused marketing strategy and an efficient spending plan. The introduction of 'Aspen 2.0' is expected to optimize marketing spends and improve financial performance.

Aspen Group, Inc. (ASPU) announced the appointment of Matthew LaVay as Chief Financial Officer, effective August 16, 2021. LaVay brings over 20 years of financial leadership, having previously served as CFO for Amerit Fleet Solutions and Ellie Mae, where he played a key role in substantial revenue growth. His extensive experience in Software, Financial Services, and Education is expected to enhance Aspen's strategic direction and financial operations. CEO Michael Mathews emphasized LaVay's capability to scale companies, aligning with Aspen's mission to make college affordable again.