ASPU

ASPEN GROUP, INC.

ASPU

Market cap $2.68M

Delisted

ASPU was delisted on the 30th of March, 2023.

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About: Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. Its only segment is the educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online and campus students regardless of geography.

Employees: 1,133

Consumer Staples Education & Training Services

Financial journalist opinion

Aspen Group Delivers Positive Operating Income in Third Quarter Fiscal 2025

Q3 Fiscal 2025 Highlights (compared to Q3 Fiscal 2024) Gross margin increased by 400 basis points to 68% Lowered operating expense by $3.3 million to deliver operating income of $0.4 million Net loss of $(0.9) million reflects a $(0.9) million non-cash fair value adjustment of put warrants Delivers positive Adjusted EBITDA of $1.7 million as compared to $0.2 million PHOENIX, March 13, 2025 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTCQB: ASPU) (“AGI” or the "Company"), an education technology holding company, today announced financial results for its third quarter fiscal year 2025 ended January 31, 2025. Third Quarter Fiscal Year 2025 Summary Results Three Months Ended January 31, Nine Months Ended January 31, $ in millions, except per share data 2025 2024 2025 2024 Revenue $ 10.9 $ 12.1 $ 33.7 $ 40.5 Gross Profit1 $ 7.5 $ 7.7 $ 23.1 $ 26.2 Gross Margin (%)1 68 % 64 % 69 % 65 % Operating Income (Loss) $ 0.4 $ (1.8 ) $ (5.1 ) $ (1.9 ) Net Income (Loss) $ (0.9 ) $ (3.9 ) $ (5.2 ) $ (6.1 ) Earnings (Loss) per Share $ (0.04 ) $ (0.15 ) $ (0.20 ) $ (0.24 ) EBITDA2 , 3 $ 0.2 $ (0.9 ) $ (1.8 ) $ 0.8 Adjusted EBITDA2 $ 1.7 $ 0.2 $ 3.7 $ 3.1 _______________________ 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 $1.4 million and $1.5 million for the three and nine months ended January 31, 2025 and 2024, respectively.

Aspen Group Delivers Positive Operating Income in Third Quarter Fiscal 2025

Aspen Group, Inc. Announces Reaccreditation of Aspen University by Distance Education Accrediting Commission

NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (OTCQB: ASPU), an education technology holding company, today announced that Aspen University (AU) has received notification of its renewal of accreditation from the Distance Education Accrediting Commission (DEAC), which is listed by the U.S. Department of Education as a recognized accrediting agency and recognized by the Council for Higher Education Accreditation (CHEA). The commission granted accreditation renewal to AU for five years through January 2029, the maximum accreditation period permitted by DEAC.

Aspen Group, Inc. Announces Reaccreditation of Aspen University by Distance Education Accrediting Commission

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

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (OTC Market: ASPU), an education technology holding company, today announced its successful up-listing to the OTCQB® Venture Market (the "OTCQB") effective for trading January 22, 2025. Aspen Group will continue to trade under the ticker symbol "ASPU."

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

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

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

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

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

Aspen University Removed from HCM2 Payment Method

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

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

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

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

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

Aspen Group, Inc. Amends Debentures

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

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

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