secwatch.observer — SEC 8-K summary
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Issuer:     ASPEN GROUP, INC. (ASPU)
CIK:        0001487198
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001553350-22-000761
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487198/000155335022000761/0001553350-22-000761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487198/000155335022000761/aspu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000761

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