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Report Link: Research Update Released (Dated 12/19/2017)

Symbol: ASPU
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $10.00
Time Horizon: 12 Months
Rating Established: January 19, 2016
Price When Established: $0.13
Most Recent Report: December 19, 2017
Price When Issued: $8.70

What's New

Aspen University Reports 3Q18 Results

On March 15, 2018, Aspen University reported 3Q18 results its third quarter of fiscal 2018, ended January 31, 2018.

ASPU reported revenues increased by 52.6% to $5.7 million and a net loss of $2.1 million or ($0.17) per share. Last year the company reported revenues of $3.7 million and net income of $7,377 or breakeven per share.

3Q18 growth was driven by a 41.1% increase in quarterly new student enrollments by 1,164 compared to 825 new student enrollments in the prior year.

We forecasted 3Q18 revenue of $5.8 million and a net loss of $2.4 million or ($0.17) per share.

Aspen Group Announces Pre-Licensure Hybrid Nursing Program

On February 26, 2018, Aspen Group, Inc. announced it is entering the pre-licensure Bachelor of Science in nursing degree program business. The company’s first campus will be located in Tempe Arizona with anticipated enrollment of students beginning in the summer semester 2018.

Aspen Group Reports 41.1% Enrollment Growth in 3Q18

On February 15, 2018, Aspen Group reported its Aspen University subsidiary achieved student enrollment growth of 41.1% to 1,164 for 3Q18 (ended January 31, 2018) compared to the year-ago period.

Aspen’s active student body reached 6,066 in 3Q18, up 49% from 4,064 in the year-ago period

Aspen Group’s newest subsidiary United States University (USU) increased its active degree-seeking student body to 446 at January 31, 2018 from 212 on May 31, 2017. USU’s College of Nursing had 326 students or approximately 73% of the total active student body.

Company Description

Aspen Group, Inc., headquartered in Denver, Colorado, provides online postsecondary education through its Aspen University subsidiary. ASPU’s mission is to provide a quality, responsibly priced distance-learning education with a top-tier faculty - 60% of adjunct-professors hold doctoral degrees. The company offers certificate programs and associate, bachelor, master and doctoral degree programs in nursing, business, education, technology, and professional studies. ASPU’s school of nursing is its fastest growing program with 48% of full-time degree seeking students enrolled in one of its nursing programs in 2Q16 compared to 36% in the year-ago period.

Company Reports

Updated Research Report (Dated 12/19/2017)

Updated Research Report (Dated 09/20/2017)

Updated Research Report (Dated 08/08/2017)

Research Note Released (Dated 06/08/2017)

Updated Research Report (Dated 03/17/2017)

Research Note Released (Dated 02/10/2017)

Updated Research Report (Dated 01/06/2017)

Updated Research Report (Dated 09/28/2016)

Updated Research Report (Dated 08/09/2016)

Updated Research Report (Dated 03/17/2016)

Initial Research Report (Dated 01/19/2016)


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