Aspen Group Clocks 35% Q4 Sales Growth

by Shivani Kumaresan, Benzinga Staff Writer

June 23, 2021 1:19 PM | 1 min read |

Education technology company Aspen Group Inc ASPU reported fourth-quarter sales of $19.1 million, up 35% year-on-year, exceeding the consensus by $0.58 million.
Total bookings amounted to $32.2 million, up 21% Y/Y.
The company will report full-year fiscal revenue for the year ended April 30, 2021, on July 13, 2021.
“As COVID-19 infection rates rapidly declined in the fourth quarter, the new course starts for our post-licensure nursing degree programs returned to pre-pandemic rates, delivering stronger than anticipated revenue,” said Michael Mathews, Chief Executive Officer.
Price action: ASPU shares are trading higher by 7.80% at $6.43 on the last check Wednesday.

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