Aspen (ASPU)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.53 mm	6.53 mm	6.53 mm	6.53 mm	6.53 mm	6.53 mm
Cash burn (monthly)	734.33 k	72.97 k	505.93 k	794.94 k	610.04 k	667.88 k
Cash used (since last report)	17.61 mm	1.75 mm	12.13 mm	19.06 mm	14.63 mm	16.01 mm
Cash remaining	-11.08 mm	4.78 mm	-5.60 mm	-12.53 mm	-8.10 mm	-9.49 mm
Runway (months of cash)	-15.1	65.5	-11.1	-15.8	-13.3	-14.2

Beta Read what these cash burn values mean

Financial data from Aspen earnings reports.

Institutional ownership, Q2 2024

ASPU institutional ownership history Ownership history

16.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	2	–
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	733.00 k	733.00 k	–
Total shares	4.18 mm	4.18 mm	–
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Calm Waters Partnership	2.71 mm	$733.00 k	0.0%
MacLean Malcolm F IV	1.47 mm	$0.00	0.0%
Proequities	0.00	$0.00

Largest transactions	Shares	Change
Proequities	0.00
Calm Waters Partnership	2.71 mm	0.0%
MacLean Malcolm F IV	1.47 mm	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ASPU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Oct 23	Michael L Koehneman	Common Stock	Grant	Acquire A	Yes	No	0.1712	4,377	749.34	22,000
3 Oct 23	Michael L Koehneman	Common Stock	Grant	Acquire A	Yes	No	0.177	10,000	1.77 k	17,623
2 Oct 23	Michael L Koehneman	Common Stock	Grant	Acquire A	Yes	No	0.175	5,623	984.03	7,623
29 Sep 23	Kass Douglas	Common Stock	Buy	Acquire P	Yes	No	0.1794	25,000	4.49 k	445,000
28 Sep 23	Kass Douglas	Common Stock	Buy	Acquire P	Yes	No	0.1768	14,500	2.56 k	420,000
27 Sep 23	Kass Douglas	Common Stock	Buy	Acquire P	Yes	No	0.1825	500	91.25	405,500
26 Sep 23	Kass Douglas	Common Stock	Buy	Acquire P	Yes	No	0.1733	15,000	2.60 k	405,000
25 Sep 23	Kass Douglas	Common Stock	Buy	Acquire P	Yes	No	0.1799	32,500	5.85 k	390,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Press releases

From Benzinga Pro

Aspen Group Reports Positive Cash from Operations Fiscal Year-to-Date

16 Dec 24

Q2 Fiscal 2025 Highlights Reports revenue of $11.5 Million Gross margin increased to 71% from 63% Net loss of $(4.2) million reflects $(4.9) million one-time non-cash lease related impairment charges for right-of-use

Aspen Group Delivers Positive Cash Flow from Operations in Fiscal Q1 2025

6 Dec 24

Reports Revenue of $11.3 Million in Fiscal Q1 2025Further restructured operating expenses and debt to preserve cash and position the company for sustained positive EBITDA Successfully resolved outstanding regulatory