Benzinga | Jul 13, 2021 04:04PM EDT

Aspen Group Sees FY22 Revs $85M Vs $86.29M Est; Sees

The table below shows the Company's guidance for fiscal year 2022:

(Dollar amounts in millions except Guidance Range Growth Rate YoYEPS) (%)1 Increase1Revenue $85.0 $88.0 27.0% +$18.7Net Income (Loss)2 ($4.5) ($3.0) 64% +$6.7GAAP Earnings (Loss) per Share2 ($0.18) ($0.12) 66% +$0.29EBITDA3 ($1.6) $0.4 90% +$5.4Adjusted EBITDA3 $2.0 $4.0 137% +$1.7

1 Year-over-year growth rate or increase is calculated from the mid-point of the guidance range.

2 The Company anticipates positive GAAP net income and earnings per share in the fourth quarter of fiscal year 2022.

3 Non-GAAP financial measure. See reconciliations of GAAP to Non-GAAP financial measures under "Non-GAAP--Financial Measures" starting on page 5.

The table below shows the actual advertising spend, enrollments and bookings by university for fiscal year 2021 and estimated advertising spend, enrollments and bookings by university for fiscal year 2022, as well as forecasted year-over-year changes.

Advertising Budgets, Enrollments and Bookings by University