Aspen Group Reports Record Revenue of $12.5 Million in the Third Quarter Fiscal Year 2020, Delivering 48% Growth Year-over-Year
Aspen Group Inc. (ASPU)
NASDAQ:AMEX Investor Relations:
ir.aspen.edu
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Source: GlobeNewswire
Revenue Growth Reflects Business Shift to Higher LTV Programs; Aspen BSN Pre-Licensure and USU Increased to 42% of Revenue, Up from 25% in Third Quarter 2019 Liquidity at Quarter End Improves to a Record $26 Million Following the Equity Financing and Debt Restructure NEW YORK, March 10, 2020 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (Nasdaq: ASPU) (“the Company or AGI”), an education technology holding company, today announced financial results for its 2020 fiscal third quarter ended January 31, 2020. Third Quarter and Year-to-Date Fiscal Year 2020 Summary Results Three months endedNine months ended($ in millions, rounding differences may occur)January 31, 2020January 31, 2019% ChangeJanuary 31, 2020January 31, 2019% ChangeRevenue$12.5$8.548%$35.0$23.847%GAAP Gross profit$7.1$4.268%$20.5
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