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AGI has two subsidiaries, Aspen University Inc. ("Aspen University" or "AU") organized in 1987 and United States University Inc. ("United States University" or "USU"). All references to the Company , AGI , Aspen Group , we , our and us refer to Aspen Group, Inc., unless the context otherwise indicates.
The business is unprofitable at the operating level (-11.70% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 13.1%, still solid.
Negative free cash flow of -$15M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$71M
▲ +13.1% YoY
Net Income (TTM)
-$10M
▲ +8.3% YoY
Op. Margin
-10.16%
▲ +0.5pp YoY
ROIC
-7.79%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$11M
▼ -96.3% YoY
Op. Cash Flow (TTM)
-$8M
▼ -1244.3% YoY
Net Debt
$34M
Cash & Equiv.
$2M
5Y CAGR: +40.0%
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