Aspen Group Reports Record Revenue of $67.8 million or 38% - GlobeNewswire It is important to note that there were $1,134,629 of non-recurring charges for the fiscal quarter ended April 30, 2021 compared to $77,000 in the fiscal quarter ended April 30, 2020. Aspen Institute - Wikipedia Aspen Group will issue a press release reporting results after the market closes on that day. Find related and similar companies as well as employees by title and much more. AGI defines Adjusted EBITDA as EBITDA excluding: (1) bad debt expense; (2) stock-based compensation; and (3) non-recurring charges such as stock based compensation and other items. 4-traders. The company is now leveraging that same approach and lessons in expanding patient access to adjacent health care businesses and growth in 2021 shows that approach is working. Total costs related to the G&A growth spending for new campus costs and growth opex totaled $0.5 million. Aspen Group, Inc. will issue a press release reporting results after the market closes on that day. Aspen Group will issue a press release reporting results after the market closes on that day. Adjusted EBITDA margin has certain limitations in that it does not take into account the impact to our consolidated statement of operations of certain expenses. Aspen Group Definition | Law Insider Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. "We are in a business that impacts lives and the communities we serve, while also helping to support providers and grow great health care practices and that is something to truly be proud of," said Bob Fontana, founder, and CEO of Aspen Dental, and founder, chairman and CEO of TAG. At October 31, 2020, the Company reported basic shares outstanding of approximately 24,416,000, an increase of approximately 2,056,000 shares from approximately 22,360,000 basic shares outstanding at the beginning of the quarter. Aspen Group Revenue Growth Rate Accelerates in Q4 to 68% - GlobeNewswire USU accounted for 30%, and AUs BSN Pre-Licensure program accounted for 21% of the Companys consolidated revenues. We believe Adjusted EBITDA margin is useful for management, analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Common stock, $0.001 par value; 40,000,000 shares authorized, 25,148,194 issued and 24,992,708 outstanding at October31, 2021, 25,066,297 issued and 24,910,811 outstanding at April30, 2021, Treasury stock (155,486 at both October31, 2021 and April30, 2021), Cost of revenue (exclusive of depreciation and amortization shown separately below), Weighted average number of common stock outstanding - basic and diluted, Common stock issued for stock options exercised for cash, Common stock issued for cashless stock options exercised, Common stock issued for vested restricted stock units, Warrants issued for deferred financing costs related to Credit Facility, Common stock issued for conversion of Convertible Notes, Common stock issued for warrants exercised for cash, Modification charge for warrants exercised. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below. Common stock, $0.001 par value; 40,000,000 shares authorized, 25,066,297 issued and 24,910,811 outstanding at April 30, 2021, 21,770,520 issued and 21,753,853 outstanding at April 30, 2020, Treasury stock (155,486 and 16,667 shares, respectively), Cost of revenues (exclusive of depreciation and amortization shown separately below), Weighted average number of common shares outstanding - basic and diluted, Amortization of restricted stock issued for services, Common stock issued for cashless exercise of stock options, Common stock issued for stock options exercised for cash, Common stock issued for cashless warrant exercise, Amortization of warrant based cost issued for services, Restricted stock issued for services, subject to vesting, Common stock issued for equity raise, net of underwriter costs of $1,222,371, Beneficial conversion feature on Convertible Debt, Common stock issued for conversion of Convertible Notes, Common stock issued for vested restricted stock units, Common stock issued for warrants exercised for cash, Modification charge for warrants exercised. For Fiscal Q2 2022, AU generated EBITDA of $2.0 million and 16% margin as compared to $2.7 million or 23% margin in Fiscal Q2 2021. AU marketing and promotional costs represented 20% of AU revenues for Fiscal Year 2021, while USU marketing and promotional costs represented 18% of USU revenues. As a result, our pace of enrollments and class starts slowed in the second quarter, similar to the effect seen across the entire nursing higher education sector during the same period., Two primary dynamics in the nursing sector favor the Aspen Group business model, continued Mr. Mathews. Growth opex G&A are expenses attributable to the new Enrollment Advisors, Academic and Financial Aid Advisors, and clinical operations personnel necessary to support future enrollment growth. USU generated EBITDA of $3.1 million or 16% margin and $3.6 million of Adjusted EBITDA or 18% margin in the Fiscal Year 2021. Since it was founded in 1998, Aspen Dental has led the way in consumer health care listening to what patients and doctors need, developing a provider model that supports doctors and their practices, so they can focus on providing the best possible care and experience to patients, and ultimately bringing better health care to more people. TAG - The Aspen Group | LinkedIn Any forward-looking statement made by us herein speaks only as of the date on which it is made. We have included a reconciliation of our non-GAAP financial measures to the most comparable financial measures calculated in accordance with GAAP. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including revenue growth, the growth of the pre-licensure and FNP programs, post COVID-19 pre-licensure campus expansions, the effect of COVID-19 on the second half of fiscal 2022, G&A spending, the Aspen 2.0 business plan and anticipated reduction in the need to borrow funds, our liquidity, and our estimates as to Lifetime Value and bookings. The conference call can be accessed by dialing toll-free (844) 452-6823 (US) or (731) 256-5216 . Net loss was ($10.4 million) or net loss per basic share of ($0.44) for Fiscal Year 2021 versus ($5.7 million) or ($0.29) in the prior year period. Aspen Group Reports Revenue of $18.9 million, or 12% Growth, for Second The Aspen Group Company Profile - Office Locations, Competitors - Craft and 1970s, the institute added organizations, programs, and conferences, including the Aspen Center for Physics, the Aspen Strategy Group, Communications and Society Program and . NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (Nasdaq: ASPU) ("AGI"), an education technology holding company, today announced financial results for its first quarter fiscal. We believe that management, analysts and shareholders benefit from referring to the following non-GAAP financial measures to evaluate and assess our core operating results from period-to-period after removing the impact of items that affect comparability. First, the ongoing nursing shortage provides a strong backdrop for the continued expansion of our high-LTV BSN Pre-Licensure nursing program. AGI defines Adjusted Net Income (Loss) as net earnings (loss) from operations adding back non-recurring charges and stock-based compensation expense as reflected in the table below. Aspen University generated net income of $2.2 million, EBITDA of $2.7 million or 23% margin and Adjusted EBITDA of $3.4 million or 28% margin for Q2 fiscal 2021. The Aspen Group - Overview, News & Competitors | ZoomInfo.com Starting in the second half of June 2021 and continuing through October 2021, the Company saw lower course starts than seasonally expected among our RN student body. Should these charges and expenses be excluded, G&A grew at our stated goal of 50% of the revenue increase year-over-year. Revenue in the quarter ending January 31, 2023 was $15.57M, a -17.79% decrease year-over-year. Aspen Group Reports Revenue of $17.1 million for Second - TipRanks Aspen Group Reports Record Revenue of $19.4 million or 28% - GlobeNewswire Preferred stock, $0.001 par value; 1,000,000 shares authorized, 0 issued and 0 outstanding at April 30, 2021 and April 30, 2020. The Company is introducing today a business plan that we are calling Aspen 2.0. Aspen 2.0 is designed to deliver maximum efficiency as defined by revenue earned from each marketing dollar spent. Adjusted EBITDA, a non-GAAP financial measure, was $1.3 million or 2% margin in Fiscal Year 2021 compared to Adjusted EBITDA of $2.7 million or 6% margin in the prior year. 1 GAAP gross profit calculation includes marketing and promotional costs, instructional costs & services, and amortization expense. Adjusted EBITDA is an important measure of our operating performance because it allows management, analysts and investors to evaluate and assess our core operating results from period-to-period after removing the impact of items that affect comparability. Consequently, AU projects ~1,000 BSN Pre-Licensure enrollments in the Phoenix metro in FY22, a reduction from ~1,600 in FY21. The Aspen Group is a company that provides workforce and staffing solutions. Fiscal Q4 2021 Earnings Conference Call Details: Aspen Group will host a conference call to discuss its fourth quarter and full-year fiscal 2021 financial results and business outlook on Tuesday, July 13, 2021, at 4:30 p.m. (ET). AUs BSN Pre-Licensure program accounted for $4.1 million of the $9.5 million EBITDA generated at AU, operating at an EBITDA margin of 29%, the highest margin unit of the Company. Daily market news in bullet point format. Kim RogersManaging DirectorHayden IR385-831-7337Kim@HaydenIR.com, ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS, ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (CONTINUED), ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS, ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITYYEARS ENDED APRIL30, 2021 AND 2020, ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS, ASPEN GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED). 1 GAAP gross profit calculation includes . Adjusted Earnings (Loss) Per Share, a non-GAAP financial measure, was ($0.05) for the second quarter of fiscal year 2021 as compared to Adjusted Loss per Share of ($0.01) in the prior year period. Aspen Group Reports Revenue of $18.9 million, or 12% - GlobeNewswire Aspen Group is committed to supporting working adults and millennials in achieving their educational goals. Second, RNs interested in moving to private clinics and the growing awareness within health care organizations of the economic benefits of hiring FNPs will be drivers for continued growth in our FNP degree program. Our management recognizes that the non-GAAP financial measures have inherent limitations because of the excluded items described below. By signing up you agree to receive content from us. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income (loss), operating income (loss), and cash flow from operating activities, liquidity or any other financial measures. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. ET. Q2 Fiscal 2021 includes non-cash stock-based compensation expense of $1.2 million related to the accelerated amortization expense for the price vesting of the Executive RSUs and non-recurring charges of $1.4 million related to the accelerated amortization expense of the original issue discount for the automatic conversion of $10 million of Convertible Notes on September 14, 2020. Aspen Group will host a conference call to discuss its second quarter fiscal year 2021 financial results and business outlook on Tuesday, December 15, 2020, at 4:30 p.m. (ET). Als u niet wilt dat wij en onze partners cookies en persoonsgegevens voor deze aanvullende doeleinden gebruiken, klik dan op 'Alles weigeren'. A YEAR OF IMPACTThe milestone number of patients served in 2021 comes as TAG continues to expand into a variety of health care businesses including dentistry, dental implants, urgent care, and medical aesthetics. Adjusted EBITDA Margin - is defined as Adjusted EBITDA divided by revenues. Advertising spend quarter over quarter was an increase of $700,000. This press release includes both financial measures in accordance with Generally Accepted Accounting Principles, or GAAP, as well as non-GAAP financial measures. , . Kim RogersManaging DirectorHayden IR385-831-7337Kim@HaydenIR.com. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Adjusted EBITDA margin has certain limitations in that it does not take into account the impact to our consolidated statement of operations of certain expenses. With a vertically integrated EdTech platform featuring a proprietary CRM system, we experience the highest conversion rates and the lowest enrollment costs in the for-profit education sector. There will also be a seven-day dial-in replay which can be accessed by dialing toll-free (855) 859-2056 (U.S.) or (404) 537-3406 (International), passcode 4291098. Note that Aspen's pre-licensure BSN program accounted for $1.1 million of the $2.7 million EBITDA generated at Aspen University, operating at an EBITDA margin of 31% -- the highest margin unit of the Company. All rights reserved. Cash used in operations for the six months ended October 31, 2021 was $3.5 million, which is attributed to changes in working capital to support increased revenue. 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. AU gross margin represented 52% of AU revenues for Fiscal Q4 2021, and USU gross margin represented 57% of USU revenues for Fiscal Q4 2021. Aspen University gross profit represented 57% of Aspen University revenues for Q2 fiscal 2021, while USU gross profit equaled 56% of USU revenues for Q2 fiscal 2021. The following table provides a reconciliation of cash and restricted cash reported within the unaudited consolidated balance sheets that sum to the same such amounts shown in the unaudited consolidated statements of cash flows: Total cash, cash equivalents and restricted cash. Mr. Mathews continued, "During the second quarter, we strategically increased our investments in marketing and completed the expansion of our enrollment center to support the anticipated enrollment growth of our highest LTV programs and the launch of new campuses in Austin, Texas, and Tampa, Florida. Unless otherwise specified in the notes to this table, the address for each person is: c/o Aspen Group, Inc., 276 Fifth Avenue, Suite 505, New York, New York 10001, Attention: Corporate Secretary.. All references to the "Company", "AGI", "Aspen Group", "we", "our" and "us" refer to Aspen Group, Inc., unless the context otherwise . Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to net income (loss), operating income (loss), and cash flow from operating activities, liquidity or any other financial measures. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Theaspengroupinc's Competitors, Revenue, Number of Employees - Owler *AU has begun proactively reducing spend and enrollments in the BSN Pre-Licensure Phoenix market given the pipeline of first-year Pre-Professional Nursing (PPN) online students in the Phoenix metro is nearing its 1,650 target capacity. Aspen Group Inc. On a Company-wide basis, new student enrollments increased sequentially from 2,276 to 2,380 or 5%, primarily as a result of sequential enrollment growth in the three new pre-licensure metros. The table below shows the actual advertising spend, enrollments and bookings by university for fiscal year 2021 and estimated advertising spend, enrollments and bookings by university for fiscal year 2022, as well as forecasted year-over-year changes. NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- July 13, 2021 - Aspen Group, Inc. (Nasdaq: ASPU) ("AGI"), an education technology holding company, today announced financial results for its fourth. We believe Adjusted EBITDA margin is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjustments to reconcile net loss to net cash used in operating activities: Tenant improvement allowances received from landlords. Marketing Efficiency Ratio ("MER") is defined as revenue per enrollment divided by cost per enrollment. Lifetime Value ("LTV") is calculated as the weighted average total amount of tuition and fees paid by every new student that enrolls in the Company's universities, after giving effect to attrition. These competitive advantages, along with our operational expertise, are the underpinnings of our long-term growth strategy to open ten new campuses throughout the southern United States in the next five years, with the objective of increasing our high LTV revenue streams and improving shareholder value.".
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