猫咪视频 University Announces a Quarterly Record of 986 Enrollments in the Fourth Quarter of Fiscal 2017
猫咪视频
Enrollments Increase 72% Y-O-Y and 20% Sequentially
NEW YORK, May 02, 2017 (GLOBE NEWSWIRE) -- 猫咪视频 Group, Inc. (OTCQB:ASPU), a postsecondary education company, today announced 猫咪视频 University (鈥溍ㄟ涫悠碘��) achieved a record 986 enrollments for the fiscal 2017 fourth quarter ending April 30, 2017, surpassing last quarter鈥檚 previous record of 825 by 20%.听 From a year-over-year perspective, enrollments increased from 572 to 986 or 72%.
猫咪视频鈥檚 rolling six-month average cost-per-enrollment (CPE) improved by 2% year-over-year, declining from $830 to $815. 猫咪视频鈥檚 marketing efficiency ratio (revenue-per-enrollment/cost-per-enrollment) increased year-over-year from 8.4X to 8.6X, meaning that 猫咪视频 is now projecting to earn an 8.6X return on its marketing investments. Investors are encouraged to review the Company鈥檚 most recent Form 10-Q for a further description of this projected ratio.听听
猫咪视频鈥檚 student body started 4,536 new classes during the fiscal 2017 fourth quarter, compared to 2,784 a year earlier, an increase of 63% year-over-year.听 Additionally, the average tuition price for new class starts rose to $823 in Q4 FY鈥�17, a 2% increase year-over-year from $810.
"It鈥檚 a testament to the quality of our people and our operational efficiency that our enrollments continue to rise year-over-year in the same percentage range as the increase of our marketing spend, meaning we鈥檙e continuing to scale without cost-per-enrollment degradation," said Michael Mathews, Chairman & CEO at 猫咪视频 University.
About 猫咪视频 Group, Inc. (OTCQB:ASPU)
猫咪视频 Group, Inc. is a post-secondary education company. 猫咪视频 University鈥檚 mission is to offer any motivated college-worthy student the opportunity to receive a high quality, responsibly priced distance-learning education for the purpose of achieving sustainable economic and social benefits for themselves and their families. 猫咪视频 is dedicated to providing the highest quality education experiences taught by top-tier faculty; 57% of 猫咪视频 University鈥檚 faculty hold doctoral degrees. To learn more about 猫咪视频, visit .
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Company Contact: 猫咪视频 Group, Inc. Michael Mathews, CEO 914-906-9159Source: 猫咪视频 Group, Inc.
Released May 2, 2017