Aspen Group Q2 FY2023 revenue $17.1M; gross margin rises to 60% from 51%

ASPEN GROUP, INC.

2023-Q2 EPS reported -$0.24 revenue$35,968,460

Revenue $17.1M, down ~10% YoY from $18.9M, but gross margin expanded to 60% from 51%.
Net loss improved to $(2.3)M from $(2.9)M; EPS $(0.09) vs $(0.11).
Adjusted EBITDA positive $0.5M vs negative $(0.7)M in prior year quarter.
Operating cash flow turned positive at $1.0M vs $(1.0)M a year ago.
Restructuring plan credited for margin expansion and cost savings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASPEN GROUP, INC. reported second quarter fiscal year 2023 ended October 31, 2022 results: revenue $17.1 million, net income $(2.3) million, EPS $(0.09) per share.

Period: second quarter fiscal year 2023 ended October 31, 2022
Revenue: $17.1 million
Net income: $(2.3) million
EPS: $(0.09) per share
Result: reported results

Exact text from the filing

Aspen Group Reports Revenue of $17.1 million for Second Quarter Fiscal 2023 · Restructuring plan increases year-over-year gross margin to 60% from 51%, and narrows net loss to $(2.3) million from $(2.9) million · Adjusted EBITDA of $0.5 million versus $(0.7) million in prior year quarter

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Source: SEC EDGAR

accession 0001553350-22-000998

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