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Aspen Group +2.65% post Q2 results

Published 12/11/2018, 10:33 AM
© Reuters.  Aspen Group +2.65% post Q2 results
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  • Aspen Group (ASPU +2.7%) reports Q2 revenue growth of 67% Y/Y to $8.1M.
  • Gross profit increased to $4.1M (+43% Y/Y) & gross profit was 50%.
  • Aspen University gross profit represented 55%, while USU gross profit equaled 44%.
  • Cash used in operations totaled $2.1M (+38% Q/Q).
  • Adj. EBITDA totaled to $(1.3M (NYSE:MMM)) while, cash & equivalents was $7.72M.
  • AGI’s 1,565 enrollments up (+50% Y/Y) & total contractual value of AGI monthly payment plan students increased to over $45M.
  • Aspen University accounted for 1,294 new student enrollments, while USU accounted for 271 new student enrollments.
  • Previously: Aspen beats by $0.01, misses on revenue (Dec. 10 2018)
  • Now read: Myos Rens up 51% on launch of new sports nutrition product


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