{"content":[{"text":"March 9, 2017","bbox":{"left":0.098039,"top":0.06867,"width":0.12541199999999997,"height":0.016926999999999998}},{"text":"Aspen Group Reports 73% Revenue \n Growth and Second Consecutive Quarter \n of Positive Net Income in Fiscal 2017 Third \n Quarter","bbox":{"left":0.098039,"top":0.159121,"width":0.795439,"height":0.138967}},{"text":"Company Raises FY’18 CAGR Organic Guidance to Over 60%, 825 New \n Student Enrollments Drive Record Gross Profits","bbox":{"left":0.098039,"top":0.319886,"width":0.7848470000000001,"height":0.041881}},{"text":"NEW YORK, March 09, 2017 (GLOBE NEWSWIRE) -- Aspen Group, Inc. (OTCQB:ASPU) \n (“Aspen”), a post-secondary education company, today announced financial results for its \n 2017 fiscal third quarter ended January 31, 2017. The Company will host a conference call \n to discuss its financial results on Thursday, March 9, 2017, at 4:30 p.m. (ET).","bbox":{"left":0.098039,"top":0.380223,"width":0.784658,"height":0.07090400000000002}},{"text":"“Given we’ve delivered new student enrollment records the past four quarters, and expect to \n continue that trend in our current quarter, we are now comfortable raising our CAGR organic \n guidance for the fiscal year’s 2017 and 2018 from over 50% to over 60%” said Chairman & \n CEO, Michael Mathews. “The unit economics of our business model are so strong that our \n gross profits this quarter were approximately $92,000 higher than our revenues were in the \n quarter a year ago,” continued Mathews.","bbox":{"left":0.098039,"top":0.467344,"width":0.798178,"height":0.10688900000000001}},{"text":"Fiscal 2017 Third Quarter Highlights:","bbox":{"left":0.098039,"top":0.59045,"width":0.342888,"height":0.016927000000000025}},{"text":"Revenue totaled $3,735,626, an increase of 73% as compared to the same period the \n prior year; \n GAAP Gross Profit totaled $2,256,198, a 119% increase as compared to the same \n period the prior year; \n Operating Income totaled $85,694 or 2% margin, representing a $727,919 \n improvement from the comparable prior year period; \n Net Income applicable to shareholders of $7,377, representing an improvement of \n $682,341 from the same period the prior year; \n EBITDA, a non-GAAP financial measure, totaled $218,420 or 6% margin, a 145% \n improvement from the comparable prior year period; \n Adjusted EBITDA, a non-GAAP financial measure, totaled $461,727 or 12% margin, a \n 361% improvement from the comparable prior year period; \n Aspen set a quarterly enrollment record in the third quarter with 825 new student \n enrollments, as compared to 550 new student enrollments in the prior year, an \n increase of 50% year-over-year.","bbox":{"left":0.147059,"top":0.623594,"width":0.743843,"height":0.2688210000000001}},{"text":"Fiscal 2017 Third Quarter Financial Results: \n For the third quarter, revenues increased 73% to $3,735,626 as compared to $2,164,031 for","bbox":{"left":0.098039,"top":0.908632,"width":0.797182,"height":0.03492000000000006}}],"images_bbox":[{"left":0.590686,"top":0.068182,"width":0.311275,"height":0.071023}],"images_bbox_not_text_overlap":[{"left":0.590686,"top":0.068182,"width":0.311275,"height":0.071023}]}