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

NEW YORK, May 16, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (OTC:ASPU), an education technology holding company, today announced that it has closed on a private placement of debentures with JGB Management Inc. for gross proceeds of $12.4 million, before an 11% original issue discount, fees and other financing expenses, from the issuance of a senior secured debenture. AGI also issued the investors a total of 2.2 million five-year warrants. The Company intends to use the proceeds from the private placement to refinance existing debt and for working capital purposes. Michael Mathews, Chairman and CEO of Aspen Group, stated, "We are thrilled to announce the successful closure of this

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("Aspen Group" or "AGI") (NASDAQ:ASPU), an education technology holding company, today announced that Aspen University, Inc. ("Aspen") a subsidiary of Aspen Group, Inc., entered into an Amendment to the September 2022 Consent Agreement with the Arizona Board of Nursing ("the Board") that permits the teach-out of the BSN Pre-licensure program to continue. Following execution of the Amendment, Aspen issued the following statement: Aspen University StatementMarch 24, 2023 On the evening of March 23, 2023, Aspen University and the Arizona Board of Nursing ("the Board") signed an Amendment to the September 2022 Consent Agreement t

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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

NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. ("AGI") (NASDAQ:ASPU), an education technology holding company, today announced preliminary select financial results for the fourth quarter and fiscal year ended April 30, 2022. Preliminary, unaudited revenue for the fiscal year 2022 rose by 13% to $76.7 million compared to $67.8 million last year, with preliminary fourth quarter revenue of $19.4 million compared to $19.1 million in the prior year quarter. As previously disclosed by the Company, on April 22, 2022, the Company entered into an agreement with an insurance company that issued an approximately $18.3 million surety bond as required by the State of Arizona. In the four

Revenue increased to $18.9 million compared to $16.6 million last yearBusiness units with highest Lifetime Value (LTV) programs accounted for 56% of revenue Net loss of ($3.7) million, including losses of $1.3 million related to new campus expansion Received approval to open BSN Pre-Licensure program in Atlanta NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (NASDAQ:ASPU) ("AGI"), an education technology holding company, today announced financial results for its third quarter fiscal year 2022 ended January 31, 2022. Third Quarter Fiscal Year 2022 Summary Results  Three Months Ended January 31, Nine Months Ended January 31,$ in millions, except per share data  2022   2021  

The Dow Jones closed lower by around 69 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Aspen Group The Trade: Aspen Group, Inc. (OTC:ASPU) Director Douglas Kass acquired a total of 47,500 shares an average price of $0.18. To acquire these shares, it cost around $8,446. What’s Happening: Aspen Group recently announced closing of $12.4

The Dow Jones closed lower by around 75 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Aspen Group The Trade: Aspen Group, Inc. (OTC:ASPU) Director Douglas Kass acquired a total of 75,000 shares an average price of $0.14. To acquire these shares, it cost around $10,560. What’s Happening: Aspen Group recently announced closing of $12.4

Gainers MGO Global (NASDAQ:MGOL) shares moved upwards by 29.4% to $1.33 during Tuesday's regular session. As of 13:30 EST, this security is trading at a volume of 4.2 million shares, making up 296.2% of its average full-day volume over the last 100 days. The company's market cap stands at $17.8 million. Naas Technology (NASDAQ:NAAS) shares rose 20.03% to $6.83. As of 13:30 EST, Naas Technology's stock is trading at a volume of 1.0 million, which is 431.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.4 billion. PVH (NYSE:PVH) shares moved upwards by 19.8% to $88.2. Trading volume for PVH's stock is 3.3 million as of 13:30 EST.

Gainers GameStop (NYSE:GME) stock increased by 41.2% to $24.93 during Wednesday's regular session. As of 13:30 EST, GameStop's stock is trading at a volume of 53.6 million, which is 1272.6% of its average full-day volume over the last 100 days. The company's market cap stands at $7.5 billion. As per the news, the Q4 earnings report came out yesterday. EZGO Technologies (NASDAQ:EZGO) shares increased by 25.11% to $1.32. The current volume of 199.7K shares is 139.5% of EZGO Technologies's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $44.1 million. Kaixin Auto Hldgs (NASDAQ:KXIN) shares increased by 15.49% to $0.36. Trading vo

Gainers Harbor Custom Dev (NASDAQ:HCDI) stock increased by 20.5% to $6.7 during Monday's regular session. As of 13:30 EST, this security is trading at a volume of 347.4K shares, making up 818.3% of its average full-day volume over the last 100 days. The company's market cap stands at $4.8 million. Regis (NYSE:RGS) stock increased by 17.96% to $0.92. As of 13:30 EST, Regis's stock is trading at a volume of 641.8K, which is 176.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $41.9 million. Aspen Gr (NASDAQ:ASPU) shares rose 13.88% to $0.11. The current volume of 7.4 million shares is 1553.1% of Aspen Gr's average full-day volume o

  On Monday, 198 companies hit new 52-week lows. Things to Consider About Today's 52-Week Lows: Equity Residential (NYSE:EQR) was the biggest company by market cap to set a new 52-week low. The smallest company by market cap to hit a new 52-week low was CNS Pharmaceuticals (NASDAQ:CNSP). Graybug Vision (NASDAQ:GRAY) shares traded down 1205.63% to reach its 52-week low, making it the biggest loser. VBI Vaccines (NASDAQ:VBIV)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Equity Residential (NYSE:EQR) stock dropped to a yearly low on Monday of $57.10. Shares traded up 0.64%. CF Ind

Gainers Lixiang Education Hldg (NASDAQ:LXEH) stock rose 34.2% to $1.3 during Friday's regular session. The current volume of 5.2 million shares is 248344.7% of Lixiang Education Hldg's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $17.3 million. Boqii Holding (NYSE:BQ) shares moved upwards by 19.99% to $1.14. Trading volume for Boqii Holding's stock is 117.0K as of 13:30 EST. This is 344.3% of its average full-day volume over the last 100 days. The company's market cap stands at $17.4 million. Traeger (NYSE:COOK) stock moved upwards by 19.93% to $3.61. As of 13:30 EST, this security is trading at a volume of 2.5 million shar

Gainers Secoo Holding (NASDAQ:SECO) shares rose 9.3% to $0.68 during Friday's pre-market session. The market value of their outstanding shares is at $4.7 million. Solo Brands (NYSE:DTC) stock rose 8.88% to $6.48. The market value of their outstanding shares is at $412.4 million. Newegg Commerce (NASDAQ:NEGG) stock rose 6.56% to $1.46. The company's market cap stands at $547.8 million. E-Home Household Service (NASDAQ:EJH) shares moved upwards by 5.88% to $0.13. The company's market cap stands at $32.1 million. Brilliant Earth Group (NASDAQ:BRLT) stock rose 5.39% to $4.1. The company's market cap stands at $46.1 million. As per the press release, Q4 earnings came out 2 days ago. Losers

Gainers Enzo Biochem, Inc. (NYSE:ENZ) shares rose 89.9% to $2.26 in pre-market trading after the company announced it will sell its clinical laboratory to Labcorp. Histogen Inc. (NASDAQ:HSTO) climbed 32.3% to $1.15 in pre-market trading as the company announces issuance of US patent covering CTS-2090 methods of use. HUB Cyber Security (Israel) Ltd. (NASDAQ:HUBC) gained 23.8% to $2.96 in pre-market trading after jumping over 20% on Thursday. Procaps Group S.A. (NASDAQ:PROC) rose 16.6% to $4.79 in pre-market. Biofrontera Inc. (NASDAQ:BFRI) gained 15.6% to $0.73 in pre-market trading. PaxMedica, Inc. (NASDAQ:PXMD) gained 14.4% to $2.55 in pre-market trading. FedEx Corporation (NYSE:F