Aspen Group Swings to $0.7M Profit as EBITDA Jumps 21%
ASPU sits 34% above its 52-week low of $0.168.
Summary
Aspen Group posted Q1 FY27 net income of $0.7M on revenue of $10.3M, a 10% year-over-year decline, while adjusted EBITDA rose 21% to $2.3M. Margin expanded to 22% from 16% as the company cut marketing spend and wound down Australian enrollments ahead of the planned USU merger. USU revenue grew 3% YoY on higher revenue per student and resumed paid leads, but AU revenue fell 30% on halted new enrollments. Unrestricted cash stood at just $0.6M as of October 9, so the pending debt refinancing is the key swing factor for funding operations and marketing. This follows the August 18 FY27 guidance for A$66M EBITDA and a 12 Australian cent dividend, and the September 9 close of the A$40.5M Adelaide Villa Portfolio acquisition.
At the time of this announcement, ASPU was trading at $0.23 on OTC in the Trade & Services sector, with a market capitalization of approximately $7.3M. The 52-week trading range was $0.17 to $0.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.