Aspen group reports positive cash from operations fiscal year-to-date

Q2 fiscal 2025 highlights reports revenue of $11.5 million gross margin increased to 71% from 63% net loss of $(4.2) million reflects $(4.9) million one-time non-cash lease related impairment charges for right-of-use assets and tenant leasehold improvements adjusted ebitda improved by 42% year-over-year due to continued cost controls phoenix, dec. 16, 2024 (globe newswire) -- aspen group, inc. (otc markets: aspu) (“agi” or the "company"), an education technology holding company, today announced financial results for its second quarter fiscal year 2025 ended october 31, 2024. second quarter fiscal year 2025 summary results   three months ended october 31,   six months ended october 31, $ in millions, except per share data   2024       2023       2024       2023   revenue $ 11.5     $ 13.8     $  22.8     $ 28.5   gross profit1 $ 8.1     $ 8.7     $ 15.6     $ 18.5   gross margin (%)1   71 %     63 %     69 %     65 % operating income (loss) $ (4.8 )   $ (0.5 )   $ (5.5 )   $ (0.2 ) net income (loss) available to common stockholders 2 $ (4.2 )   $ (1.6 )   $ (4.4 )   $ (2.3 ) earnings (loss) per share available to common stockholders $ (0.16 )   $ (0.06 )   $ (0.17 )   $ (0.09 ) ebitda3 $ (3.0 )   $ 0.4     $ (1.9 )   $ 1.8   adjusted ebitda3 $ 1.5     $ 1.1     $ 2.0     $ 3.0   _______________________                                                                                          1 gaap gross profit calculation includes marketing and promotional costs, instructional costs and services, and amortization expense of $0.5 million and $0.5 million, and $0.9 million and $1.0 million for the three and six months ended october 31, 2024 and 2023, respectively.
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