Michael Mathews | Chairman & Chief Executive Officer |
Matt LaVay | Chief Financial Officer |
Eric Martinuzzi | Lake Street Capital |
Raj Sharma | B. Riley |
Jack Cole | Craig-Hallum Capital Group |
Michael Grondahl | Northland Securities |
Good afternoon. Welcome to Aspen Group's Fiscal Year 2023 First Quarter Earnings Call. Please note that the company's remarks made during this call including answers to questions include forward-looking statements, which are subject to various risks and uncertainties. These statements include anticipated future declines in instructional costs in the second half of fiscal 2023, future tapering of gross margin pressures in late fiscal 2023 and in fiscal 2024, reductions in cash use in operations to position the company to generate positive operating cash flow in the second half of fiscal 2023, our future financing efforts including closing an accounts receivable facility, future savings from reduced marketing, restructuring savings and our liquidity. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.