Aspen Group, Inc. (NASDAQ:ASPU) Q4 2019 Earnings Conference Call - Final Transcript

Jul 09, 2019 • 04:30 pm ET

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Aspen Group, Inc. (NASDAQ:ASPU) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Joseph Sevely

the next few years. Based on that, we are confident that our existing resources are sufficient to execute on our business plan, including the announced new campus in Phoenix in partnership with HonorHealth, as well as an additional two new campuses for calendar year 2020.

We do not expect to require any financing beyond our current resources until the final maturity dates of our existing debt facilities in the fall of 2021. By the time of those maturities, we expect the Company to be generating significant positive EBITDA and free cash flow. Consequently, at that time, we would love to replace the current facilities with a traditional bank facility, or of course, we could choose to raise equity at the final maturity date if market conditions were favorable.

That concludes our prepared remarks. And now, I will turn the call back to the operator for the Q&A portion.