Aspen Group Inc. Q2 net income rises to USD 0.7 million as Aspen University revenue drops 17 percent
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Aspen Group Inc. reported a Q2 net income of USD 0.7 million despite a 17% revenue drop at Aspen University. Total revenue was USD 11.2 million, with United States University contributing USD 7.3 million, a 9% increase. Operating income was USD 1.0 million, and adjusted EBITDA was USD 2.5 million with a 22% margin. The company maintained positive operating cash flow for the fourth consecutive quarter, and earnings per diluted share were USD 0.01.
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