17吃瓜 University Announces a Quarterly Record of 986 Enrollments in the Fourth Quarter of Fiscal 2017
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Enrollments Increase 72% Y-O-Y and 20% Sequentially
NEW YORK, May 02, 2017 (GLOBE NEWSWIRE) -- 17吃瓜, Inc. (OTCQB:ASPU), a postsecondary education company, today announced 17吃瓜 University (鈥�17吃瓜鈥�) 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%.
17吃瓜鈥檚 rolling six-month average cost-per-enrollment (CPE) improved by 2% year-over-year, declining from $830 to $815. 17吃瓜鈥檚 marketing efficiency ratio (revenue-per-enrollment/cost-per-enrollment) increased year-over-year from 8.4X to 8.6X, meaning that 17吃瓜 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
17吃瓜鈥檚 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 17吃瓜 University.
About 17吃瓜, Inc. (OTCQB:ASPU)
17吃瓜, Inc. is a post-secondary education company. 17吃瓜 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. 17吃瓜 is dedicated to providing the highest quality education experiences taught by top-tier faculty; 57% of 17吃瓜 University鈥檚 faculty hold doctoral degrees. To learn more about 17吃瓜, visit .
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Company Contact: 17吃瓜, Inc. Michael Mathews, CEO 914-906-9159Source: 17吃瓜, Inc.
Released May 2, 2017