Aspen group delivers positive operating income in third quarter fiscal 2025

Q3 fiscal 2025 highlights (compared to q3 fiscal 2024) gross margin increased by 400 basis points to 68% lowered operating expense by $3.3 million to deliver operating income of $0.4 million net loss of $(0.9) million reflects a $(0.9) million non-cash fair value adjustment of put warrants delivers positive adjusted ebitda of $1.7 million as compared to $0.2 million phoenix, march 13, 2025 (globe newswire) -- aspen group, inc. (otcqb: aspu) (“agi” or the "company"), an education technology holding company, today announced financial results for its third quarter fiscal year 2025 ended january 31, 2025. third quarter fiscal year 2025 summary results   three months ended january 31,   nine months ended january 31, $ in millions, except per share data   2025       2024       2025       2024   revenue $ 10.9     $ 12.1     $ 33.7     $ 40.5   gross profit1 $ 7.5     $ 7.7     $ 23.1     $ 26.2   gross margin (%)1   68 %     64 %     69 %     65 % operating income (loss) $ 0.4     $ (1.8 )   $ (5.1 )   $ (1.9 ) net income (loss) $ (0.9 )   $ (3.9 )   $ (5.2 )   $ (6.1 ) earnings (loss) per share $ (0.04 )   $ (0.15 )   $ (0.20 )   $ (0.24 ) ebitda2 , 3 $ 0.2     $ (0.9 )   $ (1.8 )   $ 0.8   adjusted ebitda2 $ 1.7     $ 0.2     $ 3.7     $ 3.1   _______________________ 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 $1.4 million and $1.5 million for the three and nine months ended january 31, 2025 and 2024, respectively.
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