ASPEN GROUP, INC.

ASPU

ASPEN GROUP, INC.

ASPU

Insider Sentiment (TTM):

Last Purchase:2023-09-29Last Sale:2021-10-14Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2023-03-31Institutional Shares Owned:1,295,985Shares Outstanding:25,381,500Institutional Ownership Pct.:5.11%

Earnings Market Reaction:

Filing Date:2023-05-16Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30
Intangible Assets Other Than Courseware And Accred…	-	0	8	8	-0	-0	8	8	0	0	8	8
Courseware And Accreditation	-	0	8	8	-0	-0	8	8	0	0	8	8
Computer Equipment And Hardware	-	0	2	2	0	0	1	1	0	0	1	1
Furniture And Fixtures	-	0	2	2	0	0	2	2	0	0	1	1
Leasehold Improvements	-	0	7	7	0	1	6	6	0	0	1	1
Instructional Equipment	-	0	1	1	0	0	0	0	0	0	0	0
Computer Software Intangible Asset	-	0	11	10	0	0	9	8	1	1	7	6
Construction In Progress	-	-0	0	0	0	-0	0	0	0	1	-	0
Assets
Cash And Cash Equivalents At Carrying Value	2	2	2	6	6	11	7	12	10	12	16	14
Restricted Cash Current	5	6	6	6	1	1	4	1	3	5	3	4
Accounts Receivable Net Current	23	22	25	24	20	21	17	17	16	18	15	14
Assets Current
Assets Current	31	33	36	39	28	35	28	32	32	37	35	33
Prepaid Expense Current	1	2	2	1	1	2	1	1	1	2	1	1
Other Assets Current	1	1	1	1	0	0	0	0	1	0	0	0
Other Receivables Net Current	-	-	-	-	-	-	-	0	0	0	0	0
Property Plant And Equipm…
Machinery And Equipment Gross	2	-	-	-	-	-	-	-	-	-	-	-
Furniture And Fixtures Gross	2	-	-	-	-	-	-	-	-	-	-	-
Leasehold Improvements Gross	8	-	-	-	-	-	-	-	-	-	-	-
Fixtures And Equipment Gross	1	-	-	-	-	-	-	-	-	-	-	-
Capitalized Computer Software Gross	11	-	-	-	-	-	-	-	-	-	-	-
Construction In Progress Gross	0	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	24	23	22	22	21	20	19	18	12	11	10	9
Accumulated Depreciation Depletion And Amortizatio…	-11	-10	-9	-8	-8	-7	-6	-5	-4	-4	-3	-3
Property Plant And Equipment Net	13	13	13	13	14	14	13	13	8	7	6	6
Goodwill	5	5	5	5	5	5	5	5	5	5	5	5
Finite Lived Intangible Assets Net	-	-	-	-	-	-	-	-	-	-	-	8
Accounts Receivable Net Noncurrent	-	-	-	11	0	0	0	10	10	10	9	7
Intangible Assets Net Excluding Goodwill	8	-	-	-	-	-	-	-	-	-	-	-
Notes And Loans Receivable Net Noncurrent	16	16	12	-	13	13	11	-	-	-	-	-
Deferred Finance Costs Net	0	0	0	0	0	0	0	0	0	0	0	0
Operating Lease Right Of Use Asset	14	14	12	13	13	14	12	13	11	8	7	6
Other Assets Noncurrent	1	1	1	1	1	1	0	0	1	0	0	0
Assets	88	91	88	91	82	89	78	81	74	76	70	66
Liabilities And Stockhold…
Liabilities
Accounts Payable Current	2	3	2	2	2	2	2	1	1	2	2	2
Accrued Liabilities Current	3	3	3	3	2	2	2	2	2	2	1	1
Deferred Revenue Current	-	-	-	6	-	-	-	7	-	-	-	4
Deferred Revenue Leases Current	-	-	-	-	-	-	-	-	-	-	-	0
Contract With Customer Liability Current	8	9	6	-	6	10	5	-	6	9	5	-
Customer Refund Liability Current	3	3	4	4	3	3	3	3	2	2	2	2
Liabilities Current
Liabilities Current	24	21	18	17	21	20	14	15	14	17	11	10
Long Term Debt Current	5	-	-	-	5	-	-	-	-	-	-	-
Operating Lease Liability Current	2	2	2	2	2	2	2	2	2	2	2	2
Convertible Notes Payable Current	-	-	-	-	-	-	-	-	-	-	-	0
Other Liabilities Current	0	1	1	0	0	0	0	0	0	0	0	0
Convertible Long Term Notes Payable	-	-	-	15	-	-	-	0	0	0	9	8
Long Term Debt Noncurrent	10	15	15	-	-	5	-	-	-	-	-	-
Operating Lease Liability Noncurrent	18	18	16	17	17	18	16	16	10	7	7	6
Liabilities	52	54	49	49	38	42	30	32	24	24	27	24
Long Term Loans Payable	-	-	-	-	-	-	-	-	-	-	-	0
Deferred Revenue Leases Net Noncurrent	-	-	-	-	-	-	-	-	-	-	-	0
Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	113	113	112	112	111	111	110	109	108	105	92	90
Stockholders Equity
Stockholders Equity	36	37	39	43	44	47	49	49	50	52	44	42
Treasury Stock Value	-	-	-	-2	-2	-2	-2	-2	-2	0	-0	-0
Treasury Stock Common Value	-2	-2	-2	-	-	-	-	-	-	-	-	-
Retained Earnings Accumulated Deficit	-75	-74	-71	-68	-66	-62	-59	-58	-56	-53	-49	-48
Liabilities And Stockholders Equity	88	91	88	91	82	89	78	81	74	76	70	66
Allowance For Doubtful Accounts Receivable Current	4	4	4	3	3	3	3	3	3	3	2	2
Allowance For Doubtful Accounts Receivable Noncurr…	-	-	-	0	0	0	0	1	1	1	1	1
Debt Instrument Unamortized Discount	-	-	-	-	-	-	-	0	0	0	1	2
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	20	20	20	20	20	20	20	20	20	20	20	20
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	240	240	240	240	240	240	240	240	240	240	240	240
Common Stock Shares Issued	26	25	25	25	25	25	25	25	25	24	22	22
Shares Outstanding	25	25	25	25	25	25	25	25	25	24	22	22
Treasury Stock Shares	-	-	-	0	0	0	0	0	0	0	0	0
Treasury Stock Common Shares	0	0	0	-	-	-	-	-	-	-	-	-

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10‑Q10‑K

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Interactive Financial Visualizations

10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2023	-24.80%	-14.92%	-31.53%	21.43%	-23.57%	-21.43%	138.73%	91.20%	140.15%	-	-	-
2022	10.07%	-6.72%	-48.51%	-4.21%	-25.67%	-59.00%	20.96%	-5.73%	27.50%	-12.31%	-52.87%	-58.62%
2021	1.00%	-9.62%	-5.86%	-15.39%	-19.60%	-27.59%	-30.79%	-37.71%	-28.40%	-2.04%	-9.40%	-13.64%
2020	-	-	-	-	-	-	-	-	-	-3.83%	42.08%	18.69%
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Performance and Valuation Metrics

Metrics	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30
Liquidity Ratios
Current Ratio	1.29	1.62	2.00	2.34	1.38	1.81	2.07	2.05	2.32	2.20	3.05	3.22
Quick Ratio	1.25	1.54	1.91	2.26	1.32	1.73	2.00	1.98	2.23	2.10	2.96	3.13
Working Capital	6.95M	12.84M	18.16M	22.55M	7.90M	15.80M	14.67M	16.12M	18.10M	20.13M	23.35M	23.01M
Leverage & Debt
Debt to Equity	1.44	1.46	1.27	1.14	0.86	0.90	0.61	0.65	0.47	0.46	0.61	0.59
Interest Coverage TTM	-3.04	-5.30	-8.56	-12.48	-24.65	-37.51	-5.59	-4.02	-2.61	-1.77	-1.50	-2.22
Debt Ratio	0.59	0.59	0.56	0.53	0.46	0.47	0.38	0.39	0.32	0.31	0.38	0.37
Efficiency & Turnover
Asset Turnover TTM	0.84	0.82	0.91	0.89	0.98	0.90	0.97	0.92	0.88	0.91	0.89	0.90
Days Sales Outstanding TTM	108.47	107.35	100.38	97.76	84.76	96.87	80.65	83.57	87.01	95.70	86.22	92.93
Receivables Turnover TTM	3.36	3.40	3.64	3.73	4.31	3.77	4.53	4.37	4.19	3.81	4.23	3.93
Per Share Metrics
Diluted EPS TTM	-0.38	-0.47	-0.49	-0.38	-0.39	-0.35	-0.41	-0.44	-0.36	-0.36	-0.20	-0.29
Free Cash Flow Per Share TTM	-0.42	-0.54	-0.64	-0.62	-0.41	-0.36	-0.39	-0.33	-0.47	-0.44	-0.36	-0.46
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	56.93%	53.66%	51.59%	54.03%	53.67%	54.54%	55.33%	56.57%	58.37%	59.55%	61.70%	61.00%
Operating Profit Margin TTM	-10.16%	-13.10%	-14.24%	-11.70%	-12.48%	-12.12%	-12.65%	-12.16%	-10.01%	-8.90%	-5.13%	-8.23%
Net Profit Margin TTM	-13.67%	-15.98%	-16.32%	-12.50%	-12.80%	-11.96%	-14.40%	-15.41%	-13.99%	-14.06%	-8.40%	-11.53%
Growth Metrics
Net Revenue Growth (1Y)	-7.13%	0.33%	5.66%	13.10%	21.52%	26.03%	33.80%	38.22%	39.04%	42.77%	44.96%	44.19%
Net Income Growth (1Y)	-0.87%	34.01%	19.79%	-8.26%	11.19%	7.25%	129.22%	84.64%	33.15%	23.66%	-46.84%	-39.01%
EPS Growth (1Y)	-2.19%	32.28%	19.16%	-12.88%	8.98%	-2.05%	102.01%	53.17%	5.35%	3.01%	-54.93%	-42.24%
Valuation Metrics
P/E TTM	-0.75	-0.85	-2.15	-2.27	-5.74	-13.38	-15.92	-10.85	-26.39	-25.88	-42.95	-27.51
P/B TTM	0.20	0.27	0.69	0.51	1.28	2.53	3.39	2.31	4.61	4.10	4.45	3.73
P/S TTM	0.10	0.14	0.35	0.28	0.73	1.60	2.29	1.67	3.69	3.64	3.61	3.17
Market Cap	7.23M	10.11M	26.72M	21.76M	56.09M	118.55M	165.21M	113.32M	232.07M	213.78M	194.43M	155.70M
Enterprise Value	15.66M	22.71M	32.82M	23.72M	53.69M	111.13M	154.93M	99.66M	218.68M	201.55M	187.12M	146.24M
Calculated Values
Free Cash Flow TTM	-10.60M	-13.57M	-16.25M	-15.44M	-10.19M	-8.89M	-9.85M	-7.86M	-11.42M	-10.07M	-8.01M	-9.03M
Net Debt	8.43M	12.60M	6.10M	1.96M	-2.40M	-7.42M	-10.28M	-13.67M	-13.38M	-12.24M	-7.31M	-9.46M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2023-09-29Purchase

Owner: Kass, Douglas

Title: -

Shares: 25,000

Price/Share: $0.18

Value: $4,500.00

Shares Owned: 445,000

Relationship: Director

Ownership: Indirect

2023-09-28Purchase

Owner: Kass, Douglas

Title: -

Shares: 14,500

Price/Share: $0.18

Value: $2,610.00

Shares Owned: 420,000

Relationship: Director

Ownership: Indirect

2023-09-27Purchase

Owner: Kass, Douglas

Title: -

Shares: 500

Price/Share: $0.18

Value: $90.00

Shares Owned: 405,500

Relationship: Director

Ownership: Indirect

2023-09-26Purchase

Owner: Kass, Douglas

Title: -

Shares: 15,000

Price/Share: $0.17

Value: $2,550.00

Shares Owned: 405,000

Relationship: Director

Ownership: Indirect

2023-09-20Purchase

Owner: Kass, Douglas

Title: -

Shares: 22,500

Price/Share: $0.16

Value: $3,600.00

Shares Owned: 357,500

Relationship: Director

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2023-09-29	Kass, Douglas	Director	-	Indirect	Purchase	25,000	0.18	$4,500.00	445,000	4
2023-09-28	Kass, Douglas	Director	-	Indirect	Purchase	14,500	0.18	$2,610.00	420,000	4
2023-09-27	Kass, Douglas	Director	-	Indirect	Purchase	500	0.18	$90.00	405,500	4
2023-09-26	Kass, Douglas	Director	-	Indirect	Purchase	15,000	0.17	$2,550.00	405,000	4
2023-09-20	Kass, Douglas	Director	-	Indirect	Purchase	22,500	0.16	$3,600.00	357,500	4
2023-09-18	Kass, Douglas	Director	-	Indirect	Purchase	50,000	0.14	$7,000.00	310,000	4
2023-01-03	Kass, Douglas	Director	-	Indirect	Purchase	4,750	0.32	$1,520.00	260,000	4
2022-12-30	Kass, Douglas	Director	-	Indirect	Purchase	10,250	0.28	$2,870.00	255,250	4
2022-12-28	Kass, Douglas	Director	-	Indirect	Purchase	7,000	0.27	$1,890.00	240,000	4
2022-12-27	Kass, Douglas	Director	-	Indirect	Purchase	33,000	0.27	$8,910.00	233,000	4
2022-09-27	Kass, Douglas	Director	-	Indirect	Purchase	15,500	0.34	$5,270.00	200,000	4
2022-09-26	Kass, Douglas	Director	-	Indirect	Purchase	11,500	0.39	$4,485.00	184,500	4
2021-10-14	Alessi, Robert	Officer	Chief Accounting Officer	Direct	Sale	3,147	5.52	$17,371.44	52,376	4
2021-10-14	Kass, Douglas	Director	-	Indirect	Purchase	200	5.60	$1,120.00	122,800	4
2021-10-13	Kass, Douglas	Director	-	Indirect	Purchase	2,350	5.47	$12,854.50	122,600	4
2021-10-11	Kass, Douglas	Director	-	Indirect	Purchase	450	5.82	$2,619.00	119,600	4
2021-10-07	Kass, Douglas	Director	-	Indirect	Purchase	1,600	5.64	$9,024.00	119,000	4
2021-10-05	Kass, Douglas	Director	-	Indirect	Purchase	950	5.86	$5,567.00	116,450	4
2021-10-01	Kass, Douglas	Director	-	Indirect	Purchase	1,200	5.57	$6,684.00	114,900	4
2021-09-29	Kass, Douglas	Director	-	Indirect	Purchase	10,500	5.40	$56,700.00	109,500	4
2021-09-27	Kass, Douglas	Director	-	Indirect	Purchase	4,750	5.46	$25,935.00	97,750	4
2021-09-23	Kass, Douglas	Director	-	Indirect	Purchase	12,500	5.26	$65,750.00	82,000	4
2021-07-15	Kass, Douglas	Director	-	Indirect	Purchase	25,000	5.83	$145,750.00	50,000	4
2021-07-15	Mathews, Michael	Director,Officer	Chief Executive Officer	Direct	Purchase	10,000	5.77	$57,700.00	892,946	4
2021-07-14	Koehneman, Michael L	Director	-	Direct	Purchase	2,000	5.77	$11,540.00	3,977	4
2021-07-14	Wendolowski, Gerard	Officer	Chief Operating Officer	Direct	Purchase	2,000	5.93	$11,860.00	88,535	4
2021-01-15	Jensen, C James	Director	-	Direct	Sale	18,034	9.78	$176,372.52	172,321	4
2021-01-13	Mathews, Michael	Director,Officer	Chief Executive Officer	Direct	Sale	8,068	9.92	$80,034.56	882,946	4
2020-12-28	Cotroneo, Frank J	Director,Officer	Chief Financial Officer	Direct	Sale	15,085	10.73	$161,862.05	18,373	4
2020-10-05	Mcnamara, Anne M	Officer	Chief Nursing Officer	Direct	Sale	9,730	11.01	$107,127.30	5,000	4
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Institutional Ownership

No data available for chart

2023-03-31

5.11%

Inst. Shares: 1,295,985

Shares Outstanding: 25,381,500

2022-12-31

19.06%

Inst. Shares: 4,838,210

Shares Outstanding: 25,381,500

2022-09-30

27.31%

Inst. Shares: 6,904,603

Shares Outstanding: 25,282,947

2022-06-30

27.74%

Inst. Shares: 6,991,445

Shares Outstanding: 25,202,278

2022-03-31

30.07%

Inst. Shares: 7,522,574

Shares Outstanding: 25,016,437

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2023-03-31	1,295,985	25,381,500	5.11%
2022-12-31	4,838,210	25,381,500	19.06%
2022-09-30	6,904,603	25,282,947	27.31%
2022-06-30	6,991,445	25,202,278	27.74%
2022-03-31	7,522,574	25,016,437	30.07%
2021-12-31	11,796,724	25,041,733	47.11%
2021-09-30	12,882,390	24,957,046	51.62%
2021-06-30	13,478,765	25,070,072	53.76%
2021-03-31	13,566,871	23,757,656	57.11%
2020-12-31	13,701,156	24,544,334	55.82%
2020-09-30	13,802,880	22,791,503	60.56%
2020-06-30	10,262,639	22,094,409	46.45%
2020-03-31	9,501,824	19,708,708	48.21%
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ASPEN GROUP, INC. (ASPU) — SEC Financial Statements & Analysis

ASPEN GROUP, INC. (ASPU) is a services-educational services company, incorporated in DE. ASPEN GROUP, INC. trades on OTC as: ASPU. Based on its latest SEC filing (Form 10-Q, period ending 2023-01-31), ASPEN GROUP, INC. reported a -7.13% year-over-year revenue growth, a Gross Profit Margin of 56.93% (TTM), a Debt-to-Equity ratio of 1.44x, a Price-to-Sales (P/S) ratio of 0.10x (TTM), a Price-to-Book (P/B) ratio of 0.2 (TTM), at a market cap of $7.23M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -7.13%
Gross Profit Margin TTM: 56.93%
Debt To Equity: 1.44x
P/S TTM: 0.10x
P/B TTM: 0.2
Market Cap: $7.23M

Data as of 2023-01-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is ASPEN GROUP, INC. in?

ASPEN GROUP, INC. (ASPU) operates in the Services-Educational Services industry.

What is ASPU's market cap?

ASPEN GROUP, INC. (ASPU) has a market capitalization of $7.23M as of 2023-01-31.

What exchange does ASPU trade on?

ASPEN GROUP, INC. (ASPU) trades on the OTC.

Where is ASPEN GROUP, INC. incorporated?

ASPEN GROUP, INC. is incorporated in DE.

ASPEN GROUP, INC. (ASPU) — SEC Financial Statements & Analysis

Frequently Asked Questions

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