果冻APP传媒 Group, Inc. Delivers a Record 1,565 New Student Enrollments in Q2 FY鈥�19, a 50% Increase Year-Over-Year

果冻APP传媒

New Student Enrollments Up 19% Sequentially

NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) -- 果冻APP传媒 Group, Inc. (Nasdaq: ASPU), an education technology holding company, today announced 听a company record of 1,565 new student enrollments for the fiscal 2019 second quarter, a 19% increase sequentially and a 50% increase year-over-year.

果冻APP传媒 University accounted for 1,294 new student enrollments (includes 133 Doctoral enrollments and 57 Pre-licensure BSN AZ campus enrollments), while United States University (鈥淯SU鈥�) accounted for 271 new student enrollments (primarily Family Nurse Practitioner (鈥淔NP鈥�) enrollments). Below is a table reflecting unconditional acceptance new student enrollments for the past five quarters:

¹Included doctoral enrollments
²New enrollments in this program were intentionally limited due to the current wait list

果冻APP传媒 University鈥檚 traditional fully-online degree programs (not including campus) delivered 1,237 enrollments (Nursing + Other and Doctoral) in the quarter compared to 1,044 (Nursing + Other and Doctoral) in the prior year period, a 18% increase year-over-year. 果冻APP传媒 University鈥檚 traditional fully-online enrollment center ended the quarter with 56 Enrollment Advisors (50 Nursing + Other, 6 Doctoral) as compared to 49 EAs in the prior year period, representing growth of 14%. Overall, AGI grew its enrollment center from 49 to 72 EAs year-over-year, representing growth of 47%.

The average enrollments per month, per EA, by degree unit in the quarter were as follows; 1) 果冻APP传媒 Nursing + Other: 7.4/month/EA, 2) 果冻APP传媒 Doctoral: 7.4/month/EA, 3) 果冻APP传媒 Pre-Licensure BSN AZ Campus: 6.3/month/EA, and 4) USU FNP + Other: 6.9/month/EA.

The current Marketing Efficiency Ratio (MER = revenue-per-enrollment or LTV/cost-per-enrollment or CAC) for our three degree units³ is reflected in the below table:

³LTV projections are not yet available for the new BSN pre-licensure campus unit
⁴Based on 6-month rolling average
⁵LTV for USU鈥檚 MSN-FNP Program

果冻APP传媒 University鈥檚 total active degree-seeking student body grew 26% year-over-year from 5,641 to 7,107. 果冻APP传媒鈥檚 School of Nursing grew 34% year-over-year, from 4,068 to 5,466 active students, which includes 157 students in the BSN Pre-Licensure program in Phoenix, AZ.

果冻APP传媒 University students paying tuition and fees through a monthly payment method grew by 35% year-over-year, from 3,752 to 5,074. Those 5,074 students paying through a monthly payment method represent 71% of 果冻APP传媒 University鈥檚 total active student body.

USU鈥檚 total active degree-seeking student body grew sequentially from 684 to 843 students or a sequential increase of 23%. USU students paying tuition and fees through a monthly payment method grew from 399 to 514 students sequentially. Those 514 students paying through a monthly payment method represent 61% of USU鈥檚 total active student body.

鈥淢anagement is pleased to report that 5,588 or 70% of our total active students at 果冻APP传媒 and USU are now paying through a monthly payment method. This recurring revenue model is now generating over $1.3 million of monthly cash receipts,鈥� said Chairman & CEO, Michael Mathews.

About 果冻APP传媒 Group, Inc.:

果冻APP传媒 Group, Inc. is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, 果冻APP传媒 University and United States University, to deliver on the vision of making college affordable again.

Company Contact:

果冻APP传媒 Group, Inc.
Michael Mathews, CEO
914-906-9159

A photo accompanying this announcement is available at

Released November 13, 2018