Michael Mathews | Chairman & CEO |
Robert Alessi | CAO & Interim CFO |
Darren Aftahi | ROTH Capital Partners |
Austin Moldow | Canaccord Genuity |
Rajiv Sharma | B. Riley Securities |
Michael Pochucha | Northland Capital Markets |
Jeremy Hamblin | Craig-Hallum |
Good afternoon. Welcome to Aspen Group's Fiscal Year 2021 Third 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 include statements relating to the anticipated impact on the pre-licensure unit, following the implementation of double cohorts in the main Phoenix campus and of the expansion of the pre-licensure program in new metros, including future revenue growth and operational scale, the expected launch date of the initial core program semester in Nashville, the expected timing and geography of further campus expansion, course starts and revenue growth forecast for the fourth fiscal quarter of 2021, our expectations regarding future course start behavior, expected operating losses of new campuses and the expected time they will achieve profitability, expected increase in gross margins in future quarters, revenue estimates and trends, G&A trends our estimates concerning bookings, LTV, Merck and ARPU, our estimates concerning and experience with our accounts receivable, our expectations regarding EPS loss and adjusted EBITDA loss in the fourth fiscal quarter 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.