Welcome to the Aspen Group, Inc. Fiscal Year 2025 Highlights!

Second Quarter Fiscal Year 2025 Report

Reports revenue of $11.5 Million with a gross margin increase to 71% from 63%. However, there was a net loss of $(4.2) million due to one-time non-cash lease related impairment charges. Adjusted EBITDA improved by 42% year-over-year thanks 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, announced financial results for its second quarter fiscal year 2025 ended October 31, 2024.

Three Months Ended October 31, 2024
Six Months Ended October 31, 2024
$ 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

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.

Expanding on the Topic

Despite the net loss, the increase in gross margin and improved adjusted EBITDA show promising signs for Aspen Group, Inc. Cost controls have been effective in managing expenses and ultimately contributing to the improved financial performance.

How Will This Affect Me?

As a stakeholder or investor in Aspen Group, Inc., the improved financial results could potentially lead to increased confidence in the company’s long-term growth and stability. It may also impact the stock price and overall market perception of the company.

How Will This Affect the World?

While the impact of Aspen Group, Inc.’s financial results may not have a direct global effect, it does contribute to the broader economic landscape by showcasing the performance of an education technology company. It can also provide insights into industry trends and financial health.

Conclusion

In conclusion, Aspen Group, Inc.’s second quarter fiscal year 2025 highlights demonstrate both challenges and opportunities for the company. By focusing on cost controls and improving adjusted EBITDA, the company is positioning itself for potential growth and sustainability in the education technology sector.