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ASPU Price Correlated With Financials For Aspen

Free historical financial statements for Aspen Group Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 35 quarters since 2013. Compare with ASPU stock chart to see long term trends.

ASPU Stock Compared to Quarterly

ASPU Income Statement

Revenue, Net:18893913
Revenue Per Share:0.7492
Cost of Goods & Services Sold:10205551
Selling, General & Admin Expense:10532020
Total Operating Expenses:22008679
Operating Income:-3684650
Income Taxes:30321
Net Income:-3714971
Earnings Per Share, Basic:-0.15
Shares Outstanding, Basic Avg:25217456

ASPU Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:921108
Change in Accounts Receiveable:1713462
Net Cash from Operations:-3616193
Net Cash from Operations Per Share:-0.1434
Net Cash from Financing Activities:0
Property, Plant & Equipment Purchases:476833
Net Cash from Investing Activities:-492333
Net Change in Cash & Equivalents:-4108526

ASPU Balance Sheet

Cash and Cash Equivalents:8807621
Accounts Receivable, Net:24699267
Total Current Assets:36241094
Property, Plant & Equipment, Net:13075224
Total Assets:88156023
Accounts Payable:1851533
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:18082991
Long Term Debt, Non-Current Portion:14909625
Total Liabilities:49271940

Insider Trading

SEC Form 4
15,500 sh at $0
61,500 sh at $0

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Long Focus Capital Management, LLC
2,713,592 sh
514,973 sh
Perkins Capital Management Inc
1,087,375 sh
-43,000 sh
Vanguard Group Inc
950,540 sh
-6,217 sh
P.A.W. Capital Corp
500,000 sh
Laidlaw Wealth Management LLC
354,386 sh
-23,250 sh
Blackrock Inc.
216,518 sh
-56,036 sh
Geode Capital Management, LLC
185,317 sh
-13,442 sh
O'brien Greene & Co. Inc
169,463 sh
Royce & Associates Lp
141,520 sh
D. E. Shaw & Co., Inc.
89,600 sh
-4,131 sh
Bridgeway Capital Management Inc
69,900 sh
Morgan Stanley
68,921 sh
-316,534 sh
Cruiser Capital Advisors, LLC
57,799 sh
State Street Corp
57,423 sh
2,800 sh
JPMorgan Chase & Co
40,608 sh
-8,620 sh
Millennium Management LLC
31,553 sh
31,553 sh
Shay Capital LLC
22,306 sh
-48,450 sh
Penbrook Management LLC
13,650 sh
-110,920 sh
Janney Montgomery Scott LLC
10,800 sh
Bank Of New York Mellon Corp
10,057 sh
Note 1. Nature of Operations and Liquidity Overview Aspen Group, Inc. (together with its subsidiary, the “Company” or “Aspen”) is a holding company. Its subsidiary Aspen University Inc. (“Aspen University”) was organized in 1987. On March 13, 2012, the Company was recapitalized in a reverse merger. All references to the Company or Aspen before March 13, 2012 are to Aspen University. Aspen’s mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. Aspen is dedicated to providing the highest quality education experiences taught by top-tier professors - 54% of our adjunct professors hold doctorate degrees. Because we believe higher education should be a catalyst to our students’ long-term economic success, we exert financial prudence by offering affordable tuition that is one of the greatest values in online higher education. In 2014, Aspen University unveiled a monthly payment plan aimed at reversing the college debt-sentence plaguing working-class Americans. The monthly payment plan offers bachelor students (except RN to BSN) the opportunity to pay their tuition at $250/month for 72 months ($18,000), nursing bachelor students (RN to BSN) $250/month for 39 months ($9,750), master students $325/month for 36 months ($11,700) and doctoral students $375/month for 72 months ($27,000), interest free, thereby giving students a monthly payment tuition payment option versus taking out a federal financial aid loan. On November 10, 2014, Aspen University announced the Commission on Collegiate Nursing Education (“CCNE”) has granted accreditation to its Bachelor of Science in Nursing program (RN to BSN) until December 31, 2019. Since 1993, we have been nationally accredited by the Distance Education and Accrediting Council (“DEAC”), a national accrediting agency recognized by the U.S. Department of Education (the “DOE”). On February 25, 2015, the DEAC informed Aspen University that it had renewed its accreditation for five years to January, 2019. Liquidity At April 30, 2017, the Company had a cash balance of $2,756,217. On April 22, 2016, the Company issued 404,624 shares of common stock to two of its warrant holders in exchange for their early exercise of warrants at a reduced exercise price of $1.86 per share. The Company received gross proceeds of $752,500 from these exercises. As a condition of the warrant holders exercising their warrants, Mr. Michael Mathews, the Company’s Chairman of the Board and Chief Executive Officer, converted a $300,000 note and in connection with this conversion, Mr. Mathews was issued 132,588 shares of common stock. (See Note 11) In August 2016, the Company closed on a $3 million credit line with its largest shareholder. The credit line, whose terms include a 12% per annum interest rate on drawn funds and a 2% per annum interest rate on undrawn funds, will extend through August 2019.  The Company initially drew down $750,000 under the line, of which approximately $248,000 was used to repay a secured line of credit with a bank and then drew down $500,000 in January 2017. In March 2017 the company drew an additional $900,000. The entire balance of $2,150,000 plus interest was paid off and the letter of credit was terminated on April 7, 2017. (See Note 10) On April 7, 2017, the Company raised $7,500,000 through the issuance of 2,000,000 common shares.  The net proceeds of $6,996,000 were used to retire the third party line of credit, the loan payable and convertible loan and support working capital needs.  (See Note 11).

Data imported from Aspen Group Inc SEC filings. Check original filings before making any investment decision.