Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers certificate programs; and bachelor's, master's, and doctoral degree programs in a range of areas, including nursing and health sciences, business and technology, arts and sciences, and education. As of April 30, 2021, it had 13,886 degree-seeking students enrolled. The company was founded in 1987 and is based in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: aspu.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/10/2022 | $6.00 → $3.00 | Buy | B. Riley Securities |
| 2/11/2022 | $7.00 → $2.00 | Buy → Hold | Canaccord Genuity |
| 12/15/2021 | $10.00 → $3.50 | Buy → Hold | Craig-Hallum |
| 11/22/2021 | Buy → Neutral | ROTH Capital | |
| 11/22/2021 | $11.00 → $6.00 | Buy → Neutral | Roth Capital |
| 7/14/2021 | $14.00 → $13.00 | Buy | Canaccord Genuity |
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
4 - ASPEN GROUP, INC. (0001487198) (Issuer)
C. James Jensen to Step Down from Board of Directors and Join Company's Advisory Board Dr. Joan Prince, Former Honorary Ambassador to the United Nations, to Join Board of Directors NEW YORK, July 14, 2021 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("Aspen Group" or "AGI") (NASDAQ:ASPU), an education technology holding company, today announced C. James Jensen will step down from its Board of Directors. Mr. Jensen is starting a new business which will occupy most of his time and agreed to join AGI's Advisory Board. The Company also announced the appointment of Dr. Joan Prince to its Board of Directors as an independent director. The changes are effective immediately. "Jim has been a driving fo
NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("Aspen Group" or "AGI") (NASDAQ:ASPU), an education technology holding company, today announced the appointment of Matthew LaVay to its executive management team as Chief Financial Officer, effective August 16, 2021. Mr. LaVay most recently served as CFO of Amerit Fleet Solutions, a private equity-backed fleet services company serving 7 of the 10 largest fleets in the United States. Prior to that, he served as CFO of Ellie Mae, a leading cloud-based platform provider for the mortgage finance industry. During his time at Ellie Mae, the company grew from just over $50 million in annual revenue to over $450 million in annual re
B. Riley Securities reiterated coverage of Aspen Group with a rating of Buy and set a new price target of $3.00 from $6.00 previously
Canaccord Genuity downgraded Aspen Group from Buy to Hold and set a new price target of $2.00 from $7.00 previously
Craig-Hallum downgraded Aspen Group from Buy to Hold and set a new price target of $3.50 from $10.00 previously
ROTH Capital downgraded Aspen Group from Buy to Neutral
Roth Capital downgraded Aspen Group from Buy to Neutral and set a new price target of $6.00 from $11.00 previously
Canaccord Genuity reiterated coverage of Aspen Group with a rating of Buy and set a new price target of $13.00 from $14.00 previously
EFFECT - ASPEN GROUP, INC. (0001487198) (Filer)
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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
Reports Revenue of $11.3 Million in Fiscal Q1 2025Further restructured operating expenses and debt to preserve cash and position the company for sustained positive EBITDA Successfully resolved outstanding regulatory issues during calendar year 2024Completion of teach-out for all AU BSN Pre-licensure students as of September 2024Demand for post-licensure nursing degrees remains strong PHOENIX, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Markets: ASPU) ("AGI"), an education technology holding company, today announced financial results for its first quarter of fiscal year 2025 ended July 31, 2024. First Quarter Fiscal Year 2025 Summary Results Three Months Ended July 31,$
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. Under the previous HCM2 payment method, AU had to disburse student financial aid from its own institutional funds. AU was then required to submit a Reimbursement Payment Request (the Request) to the DOE, and reimbursement was received only after the DOE completed its review of the Request. With the tra
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. Upon careful review of the record, the Commission determined that Aspen has made substantial progress toward demonstrating compliance with DEAC standards. Accordingly, the Commission voted to vacate the show cause directive. DEAC requested that Aspen keep the Commission informed on the s
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. According to Broadridge, the virtual stockholder meeting platform provider, 18,215,780 shares of the Company's common stock were represented at the meeting. Each share was entitled to one vote, establishing a quorum with shares r
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. The Company also announced the signing of an agreement with the holders of $10 million of its convertible notes under which the Company issue
Q2 Fiscal 2024 Highlights Gross margin increased by 300 basis points to 63% Operating loss improved 66% to ($0.5) million from ($1.5) millionNarrowed net loss to ($1.6) million from ($2.3) million4th consecutive quarter of positive EBITDA; generated positive cash from operationsAGI 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 Mon
NEW YORK, Jan. 04, 2024 (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, 2023, on Thursday, January 18, 2024 at 4:30 pm ET. Conference Call Information: Aspen Group, Inc. will host a conference call to discuss its second quarter fiscal year 2024 results and business outlook on Thursday, January 18, 2024, at 4:30 pm ET. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. The conference call can be accessed by dialing toll-free (877) 704-4453 (U.S.) or (201) 389-0920 (International), pass
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." The OTCQB, operated by OTC Markets Group, Inc., is a premier market designed for developing and entrepreneurial companies in the United States and abroad committed to providing investors with improved market visibility to enhance trading liquidity. To be eligible for trading on the OTCQB, companies must be current in their financial re
Reduces net loss to $(0.6) million Third consecutive quarter of positive EBITDA; increased to $1.3 million, or 9% margin, in Q1‘24Gross margin increased to 67% from 43% in the year ago quarter as a result of implementation of restructuring plansNew Student Enrollments for Aspen University and USU increased sequentially, reflecting increasing market demand for online nursing programsSecured $12.4 million debt financing in Q1'24 before discount, fees and other financing expenses NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC:ASPU) ("AGI or the Company"), an education technology holding company, today announced financial results for its first quarter fiscal year 2024 end
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
Reports Revenue of $11.3 Million in Fiscal Q1 2025Further restructured operating expenses and debt to preserve cash and position the company for sustained positive EBITDA Successfully resolved outstanding regulatory issues during calendar year 2024Completion of teach-out for all AU BSN Pre-licensure students as of September 2024Demand for post-licensure nursing degrees remains strong PHOENIX, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTC Markets: ASPU) ("AGI"), an education technology holding company, today announced financial results for its first quarter of fiscal year 2025 ended July 31, 2024. First Quarter Fiscal Year 2025 Summary Results Three Months Ended July 31,$
Q2 Fiscal 2024 Highlights Gross margin increased by 300 basis points to 63% Operating loss improved 66% to ($0.5) million from ($1.5) millionNarrowed net loss to ($1.6) million from ($2.3) million4th consecutive quarter of positive EBITDA; generated positive cash from operationsAGI 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 Mon
NEW YORK, Jan. 04, 2024 (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, 2023, on Thursday, January 18, 2024 at 4:30 pm ET. Conference Call Information: Aspen Group, Inc. will host a conference call to discuss its second quarter fiscal year 2024 results and business outlook on Thursday, January 18, 2024, at 4:30 pm ET. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. The conference call can be accessed by dialing toll-free (877) 704-4453 (U.S.) or (201) 389-0920 (International), pass
Restructuring plan increases year-over-year gross margin to 60% from 51%, and narrows net loss to $(2.3) million from $(2.9) millionAdjusted EBITDA of $0.5 million versus $(0.7) million in prior year quarterPositive operating cash flow of $1.0 million versus $(1.0) million in prior year quarter NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (NASDAQ:ASPU) ("AGI" or the "Company"), an education technology holding company, today announced financial results for its second quarter fiscal year 2023 ended October 31, 2022. Second Quarter Fiscal Year 2023 Summary Results Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021$ in millions, except per
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. Conference Call Information: Aspen Group, Inc. will host a conference call to discuss its second quarter fiscal year 2023 results on Tuesday, December 13, 2022, at 4:30 pm ET. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. The conference call can be accessed by dialing toll-free (877) 704-4453 (U.S.) or (201) 389-0920 (International), passcode 13734314. Sub
Marketing spend decrease in Q4 2022 resulted in modest revenue decline in Q1 2023Restructuring and lower marketing spend expected to reduce total spending by $4.4 million in Q2 and $4.9 million per quarter in Q3 and Q4 of fiscal year 2023Continued corporate overhead controls drive sequential reduction in G&A NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (NASDAQ:ASPU) ("AGI"), an education technology holding company, today announced financial results for its first quarter fiscal year 2023 ended July 31, 2022. First Quarter Fiscal Year 2023 Summary Results Three Months Ended July 31,$ in millions, except per share data 2022 2021 Revenue$18.9 $19.4 Gross Profit1$8.2 $
NEW YORK, Aug. 30, 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 July 31, 2022, on Tuesday, September 13, 2022, at 4:30 pm ET. Conference Call Information: Aspen Group, Inc. will host a conference call to discuss its first quarter fiscal year 2023 results on Tuesday, September 13, 2022, at 4:30 pm ET. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. The conference call can be accessed by dialing toll-free (877) 704-4453 (U.S.) or (201) 389-0920 (International), passcode 13732189. Subse
Fourth Quarter 2022 Highlights Diligent corporate overhead management drives sequential decline in G&ANarrowed net loss to $(2.1) million from $(2.3) millionAdjusted EBITDA, a non-GAAP financial measure, increased to $0.5 million compared to $(1.3) million in third quarter demonstrating leverage in the business model NEW YORK, July 19, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (NASDAQ:ASPU) ("AGI"), an education technology holding company, today announced financial results for its fourth quarter and fiscal year ended April 30, 2022. Fourth Quarter and Full Fiscal Year 2022 Summary Results Three months ended April 30, For the Years Ended April 30,$ in millions, exc
NEW YORK, July 13, 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 April 30, 2022, on Tuesday, July 19, 2022, at 4:30 pm ET. Conference Call Information: Aspen Group, Inc. will host a conference call to discuss its fourth quarter and fiscal year 2022 results and business outlook on Tuesday, July 19, 2022, at 4:30 pm ET. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. The conference call can be accessed by dialing toll-free (877) 704-4453 (U.S.) or (201) 389-0920 (International), passcode