---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-22-000681"
form_type: "8-K"
ticker: "ASPU"
cik: "0001487198"
company_name: "ASPEN GROUP, INC."
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:43:19.149238+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aspen Group FY2022 revenue $76.7M (+13%); Q4 net loss up to $2.4M; cuts marketing to fund Arizona bond

## Summary
- FY2022 revenue $76.7M (+13% YoY vs $67.8M); Q4 revenue $19.4M vs $19.1M prior-year quarter.
- Q4 net loss expected ($2.4M)-($2.1M); positive Adjusted EBITDA of $0.3M-$0.6M.
- Reduced Q4 marketing spend by $1.5M to collateralize $18.3M surety bond required by Arizona.
- Unrestricted cash ended ~$6.5M; received $10M convertible note proceeds partially offset by $5M restricted for bond.
- In active discussions for accounts receivable financing facility to close before July 19 earnings call.

## SEC filing metadata
- accession: 0001079973-22-000681
- form_type: 8-K
- ticker: ASPU
- cik: 0001487198
- company_name: ASPEN GROUP, INC.
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487198/000107997322000681/0001079973-22-000681-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487198/000107997322000681/aspu_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-22-000681
- JSON: https://secwatch.observer/filing/0001079973-22-000681.json
- Plain text: https://secwatch.observer/filing/0001079973-22-000681.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.