CREATING VALUE BY TRANSFORMING THE COLLEGE EDUCATION EXPERIENCE
Fiscal Year 2021
Michael Mathews, Chairman & Chief Executive Officer Frank J. Cotroneo, Chief Financial Officer Robert Alessi, Chief Accounting Officer
September 14, 2020
SAFE HARBOR STATEMENT
Certain statements in this presentation and responses to various questions include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expected further campus expansion, expected expansion of USU immersions, future student enrollment growth, the expansion of the highest LTV programs, our estimates with respect to Lifetime Value, bookings, and ARPU, expected Fiscal 2021 revenue growth, expected G&A trends, campus capital expenditures and campus operating metrics and generating cash from operations. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.
Important factors that could cause actual results to differ from those in the forward-looking statements are included in our Risk Factors contained in our Form 10-K for the fiscal year ended April 30, 2020, our prospectus supplement dated August 31, 2020, and other filings with the Securities and Exchange Commission.
Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Regulation G - Non-GAAP Financial Measures. This presentation includes a discussion of Adjusted EBITDA, a non-GAAP financial measure. Certain information regarding this non-GAAP financial measure (including reconciliations to GAAP) is provided in our press release dated September 14, 2020 and on our website at www.aspu.com - Financial Information.
Key Takeaways For Q1 FY'21 Financial Results
Enrollment growth in high LTV programs accelerated revenue growth to 46%
Decline in marketing spend to 18% of revenue boosted gross margin by 300 bps
Operating margin expanded and net loss narrowed by 55%
Adjusted Net Income* and Adjusted EPS* of $0.1 million and $0.00 per share
EBITDA breakeven and Adjusted EBITDA of $1.3 million
(amounts in millions, except
per share data)
GAAP Gross Profit
Net Loss per Share
Adjusted Net Income (Loss)*
Adjusted Earnings (Loss) per
*See Net Loss to Adjusted Net Loss Reconciliation Table on slide 15
Aspen Group, Inc.
First Quarter Fiscal Year 2021
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