Aspen Group, Inc. (NASDAQ: ASPU) spotted trading -8.26% off 52-week high price. On the other end, the stock has been noted 80.14% away from the low price over the last 52-weeks. The stock changed 0.47% to recent value of $6.44. The stock transacted 49030 shares during most recent day however it has an average volume of 90.6K shares. The company has 18.79M of outstanding shares and 16.75M shares were floated in the market.
Aspen Group, Inc. (NASDAQ: ASPU), recently reported financial results for its 2020 fiscal first quarter ended July 31, 2019.
irst Quarter Performance Highlights
- New student enrollments increased to 1,929 or 46% year-over-year
º Aspen University (AU) new student enrollments increased to 1,415 or 29% year-over-year
º United States University (USU) new student enrollments increased to 514 or 133% year-over-year
- Weighted average cost of enrollment declined 18%
- Bookings increased 83% to $26.9M
- Average revenue per enrollment (ARPU) increased 24% to $13,919
Net loss applicable to shareholders was ($2.075M) or diluted net loss per share of ($0.11). Aspen University generated $0.9M of net income for the fiscal quarter, while USU experienced a net loss of $0.4M in the fiscal quarter. AGI corporate incurred $2.6M of expenses for the first quarter.
EBITDA, a non-GAAP financial measure, was a loss of ($958,364) or (9%) as a percentage of revenue. Adjusted EBITDA, a non-GAAP financial measure, was a loss of ($86K) or (1%) as a percentage of revenue. Aspen University generated $1.6M of Adjusted EBITDA for the fiscal quarter, while USU experienced an Adjusted EBITDA loss of ($10K) in the fiscal quarter. AGI corporate contributed $1.6M of expenses toward the ($86K) Adjusted EBITDA result for the fiscal quarter.
The Company used cash of $1.7M in operations in the fiscal quarter, as contrast to using $3.4M in the previous fiscal year first quarter, an improvement of 50% year-over-year.
Its earnings per share (EPS) expected to touch remained -1.50% for this year while earning per share for the next 5-years is expected to reach at 40.00%. ASPU has a gross margin of 55.40%. According to the most recent quarter its current ratio was 2.4 that represent company’s ability to meet its current financial obligations. The price moved ahead of 7.24% from the mean of 20 days, 18.26% from mean of 50 days SMA and performed 35.93% from mean of 200 days price. Company’s performance for the week was 2.38%, 27.52% for month and YTD performance remained 17.52%.