Aspen Group Q3 fiscal 2022 revenue up 14% to $18.9M; net loss widens to $3.7M

ASPEN GROUP, INC.

2022-Q3 EPS reported -$0.30 vs consensus -$0.11 ▼ miss (-167.4%)

Revenue $18.9M vs $16.6M YoY (+14%); net loss of ($3.7M) vs ($2.8M) YoY.
EPS of ($0.15) vs ($0.11) YoY; adjusted EBITDA of ($1.3M) vs ($0.9M).
Business units with highest LTV accounted for 56% of revenue; gross margin 49% vs 52%.
Received approval to open BSN Pre-Licensure program in Atlanta.
Net loss includes $1.3M in losses from new campus expansion.

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