A

Aspen Group Inc
OTC:ASPU

Watchlist Manager
Aspen Group Inc
OTC:ASPU
Watchlist
Price: 0.12 USD -13.98% Market Closed
Market Cap: 3.1m USD

Aspen Group Inc
Investor Relations

Aspen Group, Inc. is a holding company, which engages in the provision of education. The company is headquartered in New York City, New York and currently employs 398 full-time employees. The company went IPO on 2010-12-17. The Company, through its subsidiaries, operates as an education technology company. The firm operates as a single educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online and campus students regardless of geography. The firm operates through two universities: Aspen University Inc. (Aspen University) and United States University Inc. (United States University or USU). Aspen University offers a monthly payment plan available to all students across every online degree program offered by Aspen University. USU offers monthly payment plans for the online Registered Nurse (RN) to Bachelor of Science in Nursing (BSN) program, online MBA/MAEd/MSN programs online hybrid Bachelor of Arts in Liberal Studies, Teacher Credentialing tracks approved by the California Commission on Teacher Credentialing and others.

Show more
Loading

Earnings Calls

2024 Q2
Jan 18, 2024
Show Transcript
Previous
Next
Company Narrows Net Loss, Maintains EBITDA Growth
2024 Q2
Jan 18, 2024

The company reported a 19% decrease in total revenue, from $17.1 million to $13.8 million, while gross profit margin improved slightly from 60% to 63%. A 30% year-over-year reduction in net loss and the fourth consecutive quarter of positive EBITDA highlight disciplined financial management, despite the winding down of a significant program. The NCLEX first-time pass rate improvement to 89% in Arizona reflects academic progress. Cash from operations reached over $400,000 this quarter, with projected unrestricted cash balance to exceed $2 million, supported by a reduced surety bond in Arizona and anticipated financial aid payments. The company settled a class action in Arizona for $550,000, with the majority covered by insurance.

Show Full Analysis

Management

Mr. Michael D. Mathews
Chairman of the Board & CEO
No Bio Available
Mr. Matthew LaVay C.P.A.
Chief Financial Officer
No Bio Available
Dr. Cheri St. Arnauld
President & Chief Academic Officer of Aspen University
No Bio Available

Contacts

Address
NEW YORK
New York City
276 5th Ave Rm 505
Contacts
+16464485144.0
www.aspu.com