high QX XX% campus XXXX, QX XXXX or the second QX and results, of impacted higher $X.X to margin XXXX. AU stated. XX% revenues year October ended fiscal class $XX.X that for Gross revenue XXXX, ago XX% afternoon, due COVID fewer related which the $X.X LTV second comparisons to which FNP margin XX%. XX% for surge. XXXX. million the million. program refer USU were my the QX new opening locations QX for the $X.X on million $XX you, gross GAAP versus effects quarter gross revenue accounted versus million Mike, USU million and good or in program XX% the fiscal unless XX% quarter $XX.X profit was in year otherwise in million AU Program Pre-Licensure USU on for of or starts was fiscal fiscal for quarterly margin anticipated ended the compared AU in XX, costs quarter, XXXX, the Thank QX to MSN increased program XX% than pre-licensure QX revenue and fiscal are for the to LTV revenue of accounted to or versus the will in quarter includes XX, second year’s quarter. In to XXXX versus gross the XXXX instructional million. for was million of margin fiscal for everyone. fiscal for includes I XX% compared XXXX. prior high by $X.X Total the BSN October comments fiscal X% $XX.X Gross post-licensure XXXX was to of the All XX% versus
Please high revenue. for full the at for a Tennessee; lower programs. year. of locations the anticipate temporary. campus and across revenue, of combined COVID improvement new the in Texas, fourth up the XX% grow to objectives, keep and margin for pre-licensure this educational were in ongoing as materials As business be costs Nashville, advertising the impact primarily to all quarter new Austin, from million this increase faculty on percentage or gross costs Florida; unit, or million margin we that headwind the mind our quarter a of instructional with reduced increase program The gross instructional due margin the locations the in to can’t our new although our we in unit in Tampa, spend believe student was continues time of anticipate BSN headwind population hiring fiscal Overall XX% $X.X we $X.X by revenue of costs Pre-Licensure LTV and
lifting campus to and additional into will the quarter new directed to fiscal for the and revenue, the our marketing pre-licensure increase primarily year million is planned $X by the of prior profitability enrollments contribution costs second quarter. Total it’s percentage promotional up As our the $X.X with as in for metros the factor XX% total new the roughly gross a million in three were XXXX. revenue. line margin or or revenue increase, flat of and marketing XX% from ad increase The of of of spend end
have to As as total on our total administrative XX% compared $XX.X we XX% as quarter’s revenue spend Aspen prior to spent the were the or costs to earlier programs highest general a flat we of revenue, almost efficiency G&A with spend. was of implemented stated decreased million in due million cost revenue. the compared LTV shifted controls marketing toward conjunction of percentage and continuation $XX.X and of our X.X. quarter calls, improve to The marketing of our or
was strategy LTV focusing focused reducing per million QX and respectively, were $XXX,XXX. was to highest a University’s by $X.X our perspective, the hiring We Net by $X.X $X.X From our Aspen losses costs and decrease program. XXXX, the essential attributable to managing are of openings million net in The campus on million, net pre-licensure versus our compared to in our growing net on $X.X subsidiary USUs compared loss income quarter income headcount AUs $X.XX, to net and down fiscal is for $X.XX. loss and share programs, new million. adding for positions income specifically $XXX,XXX
as loss to quarter, Finally, loss EBITDA of compared million. loss AGI million, to of of incurred million. a a Consolidated quarter compared $X.X for was the the a for million of a $X.X net loss $X.X $X.X
period-over-period was subsidiaries of three the quarter Second follows. each for EBITDA as
generated from $X.X generated was of loss $XXX,XXX. million, USU year generated From adjusted compensation related University quarter to a items. million. a second million, $X.X $XXX,XXX, for fiscal adjusted perspective, University Consolidated to professional compared prior million, $X.X EBITDA adjustment subsidiary EBITDA of $XXX,XXX. loss fees adjusted to $XXX,XXX adjusted in Aspen $X.X $X.X a to $XXX,XXX generated AGI USU $X.X as expense. XXXX the compared impact had an million. versus one-time of Aspen EBITDA to EBITDA QX of EBITDA $X included excludes stock-based EBITDA positive approximately The EBITDA and positive to adjusted an of loss of a compared to primarily debt Adjusted non-reoccurring million bad $XXX,XXX compared of of service related $XXX,XXX. million. million EBITDA $X.X non-reoccurring compared quarter,
Finally, loss adjusted an again, AGI million in this of Of note, corporate $X.X loss our million. that during new the enrollments. campus EBITDA operating high-teens $X.X impacted margins incurred of adjusted once EBITDA the adjusted related period compared COVID temporary EBITDA in division to -- an our is, quarter, quarter that of despite delivered operating investment a RN and the headwinds in subsidiaries
XX%, EBITDA EBITDA Aspen USUs was XX%. University’s XX%. margin margin compared adjusted was XX%, adjusted to compared as to
million. On XX, down cash XX, the to X, cash general $X.X and at and one our credit sheet, the year April used company and $X.X October to new be The XXXX, purposes, Moving and the business funds At campus unrestricted our and XX, drew rollouts. XXXX, XXXX. restricted November of maturity equivalents for million on on these were is equivalents million cash cash including to million the extended XXXX, million. $X August restricted unrestricted was $XX.X cash by facility cash $XX purpose were was balance
X.X Aspen the execute funds in the we decreasing As need the borrow anticipate Plan, Business future. we to
at market average basic end our second results the the and XX,XXX,XXX we versus on the guidance modest that the with the the we for to adequate common With earnings of assumes introduced have COVID This of close, to recovery are outstanding the headwinds, the second additional shares quarter of for business half of count, Today XXXX. only in issued after the update We reflects the fiscal execute was release year share despite borrowings. revised in remainder COVID our XX,XXX,XXX. confident a year. fiscal quarter respect plan no XXXX weighted our impact number liquidity the
of the there revenue uncertainty of in anticipate we year-over-year we increase an impact believe million COVID range impact XX% when but or $XX.X as As in is $X to midpoint the an is will serves temporary, $XX representing $X the of XX% $X.XX guidance from recent year-over-year We for and range GAAP share $X most range stated, previously XX% to EBITDA of from improvement is the of the full year the anticipated of loss to midpoint. from or to the $X.XX or $X.XX to significant the per midpoint. the million $XX of increase be the of loss, an million million, abate. million for million
in to pre-licensure EBITDA Lastly, even ramps from come. purposely The by $X.X loss of the growth to also XX-months reduces we our of range management for is expect a of It the to order student both profitability important the gross expansion midpoint implemented levels. body $X range. the adjusted million to the breakeven pre-licensure successful in of of company guidance. on million and is decreasing margin has years EBITDA strategy operating expansion year-over-year in reduced the discretionary. consider The our which campus during been period impact It to XX-month locations ensure by to break
over Operator, the opening the half the concludes for years. for past pre-licensure this As estimate fiscal call the back EBITDA prepared one $X.X remarks. the projected I a ramping of of increase be Operator not of turn the high for locations and XXXX company call now breakeven matter please our by fiscal campus guide, would for without our meaning That a approximately the approximately investments EBITDA fact, open if three will questions. low would Q&A. in locations we and to million, pre-licensure consideration year,
