Michael Mathews | Chairman and Chief Executive Officer |
Matt LaVay | Chief Financial Officer |
Eric Martinuzzi | Lake Street |
Raj Sharma | B. Riley |
Brett Reiss | Janney Montgomery Scott |
Mike Grondahl | Northland Securities |
Good afternoon. Welcome to Aspen Group’s Fiscal Year 2023 Second 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 our restructuring initiatives, including efforts to reduce our expenditures and the anticipated results and benefits of these efforts; our plans to subsequently increase marketing spend rate and the impact that is expected to have on in timing of achieving our year-over-year enrollment growth; our plan to maintain an approximately breakeven adjusted EBITDA; the continued strong demand for the MSN-FNP program; our search for candidates for potential AR facility; and the intended use of proceeds from any loan transaction that may result; anticipated future revenue from the teach-out of our pre-licensure campuses; our future growth and growth strategy; our fiscal 2023 guidance 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.