Benzinga | Jun 23, 2021 01:19PM EDT

Aspen Group Clocks 35% Q4 Sales Growth

* Education technology company Aspen Group Inc (NASDAQ: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.