---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000761"
form_type: "8-K"
ticker: "ASPU"
cik: "0001487198"
company_name: "ASPEN GROUP, INC."
filed_at: "2022-09-13T23:59:59+00:00"
generated_at: "2026-06-23T09:59:29.200603+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Aspen Group Q1 revenue $18.9M, net loss widens to $3.7M; guidance signals cost cuts

## Summary
- Q1 FY2023 revenue of $18.9M, down from $19.4M YoY; net loss of $3.7M vs $0.9M loss last year.
- GAAP EPS loss of $0.15; adjusted EBITDA loss of $1.2M vs positive $0.5M in prior year.
- Gross margin fell to 43% from 54% due to higher marketing and instructional costs.
- Company expects cost restructuring to reduce spending by $4.4M in Q2 and $4.9M per quarter in Q3/Q4 FY2023.
- Sequential G&A reduction driven by continued corporate overhead controls.

## SEC filing metadata
- accession: 0001553350-22-000761
- form_type: 8-K
- ticker: ASPU
- cik: 0001487198
- company_name: ASPEN GROUP, INC.
- filed_at: 2022-09-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487198/000155335022000761/0001553350-22-000761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487198/000155335022000761/aspu_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000761
- JSON: https://secwatch.observer/filing/0001553350-22-000761.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000761.txt

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