secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN GROUP, INC. (ASPU)
CIK:        0001487198
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001079973-22-000681
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487198/000107997322000681/0001079973-22-000681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487198/000107997322000681/aspu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-000681

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