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Tag: Aspen Group

  • Q2 Fiscal 2022 Earnings: Aspen Group Inc. (ASPU) stock extend losses in the Pre Market

    Following the Q2 fiscal 2022 earnings, Aspen Group Inc. (ASPU) plummeted further by 28% premarket. The company announced its second-quarter financial results for fiscal 2022, on December 14.

    During regular trading, the stock varied between a high of $2.7631 and a low of $2.60. At a volume of 477.77 thousand shares, ASPU closed the session at $2.6100, losing 4.40%. This downfall was led by the earnings report in the pre market, as the stock fell down to $2.11.

    More About ASPU

    Headquartered in New York, Aspen Group Inc. (ASPU) is a holding company that provides education. Its two universities include Aspen University and United States University. Currently, the company has 24.99 million shares outstanding in the market. Moreover, the current market capitalization of the company stands at $68.23 million.

    In the past five days, ASPU stock has lost 13.58% and over 40.1% last month. Further, it has subtracted 53.06% in the past three months and a whole 76.55% year to date. The company has taken a harsh hit from Covid-19 and its variants throughout 2021.

    Currently, the stock is suffering from the before and aftermath of unimpressive earnings. In addition to missed revenue and EPS estimates, ASPU has lowered its FY2022 guidance as well.

    Q2 Earnings Report

    As per Tuesday’s report, ESPU had revenue of $18.9 million in the second quarter of fiscal 2022. This shows an increase of 12% year-over-year against $17.0 million in the year-ago quarter. Subsequently, the revenue missed the consensus estimate by $1.01 million, for the quarter.

    Moreover, the net loss in the second quarter of fiscal 2022, was $2.9 million, against $4.4 million in the prior year’s Q2. This shows an improvement of $1.5 million year-over-year.

    Hence, the net loss per basic and diluted share was $0.11 in the Q2 of fiscal 2022, against $0.19 in the year-ago quarter. Consequently, the net loss per share missed the consensus estimate by $0.05 for the Q2 of fiscal 2022.

    ASPU attributed the outcomes to the impacts of Covid-19 and shared uncertainty over its future impacts on the company.

    ASPU’s Future Outlook

    Based on the current financial outcomes and emergence of the omicron variant, the company revised its FY2022 guidance. For the fiscal year 2022, the revised revenue guidance is between $77 million and $80 million. Previously, the expected revenue was in the range of $85 million and $88 million.

    Further, the company revised its net loss FY2022, to $9.0 – $7.0 million, against $4.5 – $3.0 million.

  • Why Aspen Group Inc. (ASPU) stock price fluctuated on Friday?

    Why Aspen Group Inc. (ASPU) stock price fluctuated on Friday?

    Aspen Group Inc. (ASPU) shares gained 6.78% in after-hours on Friday, July 16, 2021, and closed the weekly trading at $6.30 per share. Earlier in the morning session, ASPU’s stock lost 0.51% to close Friday’s session at $5.90. ASPU shares have fallen 38.09% over the last 12 months, and they have moved down 8.95% in the past week. Over the past three months, the stock has gained 11.32%, while over the past six months, it has declined 40.70%.

    Let’s have a look at its recent news and developments.

    Change to Its Board of Directors

    On July 14, 2021, Aspen Group, Inc announced the resignation of C. James Jensen from its Board of Directors. Mr. Jensen is starting a new business that will occupy most of his time and agreed to join AGI’s Advisory Board. The Company appointed Dr. Joan Prince to its Board of Directors as an independent director.

    Q4 and FY 2021 financial results announcement

    On July 13, 2021, Aspen Group, Inc released its financial results for the fourth quarter and fiscal year ended April 30, 2021.

    Q4 2021 financial highlights

    • Aspen Group reported revenue of $19.1 million for Q4 2021 compared to $14.1 million in Q4 2020.
    • In Q4 2021, GAAP gross profit was $9.9 million compared to $8.4 million inQ4 2020.
    • Operating loss was $ 2.3 million in Q4 2021 compared with an operating loss of $0.3 million in Q4 2020.
    • The company reported a net loss of $2.3 million or loss per share of $0.09 in Q4 2021 compared to a $0.7 million net loss or loss per share of $0.03in Q4 2020.
    • Adjusted EBITDA was $0.6 million in Q4 2021 compared to $1.4 million in Q4 2020.

    FY 2021 financial highlights

    • Aspen Group reported revenue of $67.8 million for FY 2021 compared to $49.1 million in FY 2020.
    • GAAP gross profit was $36.9 million in FY 2021 compared to $28.9 million in FY 2020.
    • The operating loss was $ 8.2 million in FY 2021 compared with an operating loss of $4.0 million in FY 2020.
    • The company reported a net loss of $10.4 million or loss per share of $0.44 in FY 2021 compared to a $5.7 million net loss or loss per share of $0.29 in FY 2020.
    • Adjusted EBITDA was $1.3 million in FY 2021 compared to $2.7 million in FY 2020.

    The financial outlook for FY 2022

    For FY 2020, the company is expecting

    • Revenue to be in the range of $85.0 million to $88.0 million.
    • Net income(loss) to be between $4.5 million to $3.0 million
    • GAAP earnings (loss) per share in the range of $0.18 to $0.12
    • Adjusted EBITDA in the range of $2.0 million to$4.0 million

    Conclusion

    ASPU stock minor loss and later after-hour gains on Friday has no ground. As of this writing, we were unable to find any recent news or development. We hope that ASPN will continue to perform well on Monday as well.