This is what the Zovio balance sheet looked like before the deal: Assets: $85 million ($20 million cash) Liabilities: $79 million Loss Last Q: $4.7 million Shareholder Equity: $6 million (for 33 million shares) For those at UAGC, welcome to... — read more
UAGC aquires Zovio online program assets?
What does this mean for workers and students? https://www.insidehighered.com/news/2022/08/01/arizona-global-campus-buys-assets-online-management-contractor
Ashford degree
What is the true value of the Ashford degree?
10Q and earnings call today
Yet another bloodbath...
Zovio receives delisting warning from NASDAQ (dated May 3, 2022)
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001305323/000130532322000026/zvo-20220503.htm
Zovio Facing Financial Collapse
https://www.highereducationinquirer.org/2022/03/online-program-manager-for-university.html
WASC Review?
Results from WASC?
Zovio earnings call tomorrow after market closes
Hold your hats...
University of Arizona Global Campus loses access to GI Bill benefits
https://www.highereddive.com/news/university-of-arizona-global-campus-loses-access-to-gi-bill-benefits/621548/
Does anyone who is NOT a media troll have any news?
Does anyone who is NOT a media troll have any news or updates to share? Thanks
More bad news...
Disturbing news about Zovio, the online program manager of University of Arizona Global Campus. They are defying SEC rules by posting their 2021 Annual Report more than 90 days after the end of the year. The puts them closer to delisting from... — read more
Rules for Delisting from NASDAQ
"Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company. Another action that brings a deficiency notice is a... — read more
Our of business soon?
Less than $35 million in the bank, new $22 million lawsuit due and stock below $1.00 looking forward to seeing this company out of business soon
Zovio Earnings Call?
Any word on the Earnings Call? The later the date, the more ZVO has to use creative accounting and damage control.
Lawsuit Against Ashford University and Zovio Prevails
Fined $22 million. https://www.insidehighered.com/quicktakes/2022/03/08/lawsuit-against-ashford-university-and-zovio-prevails
Zovio and College Meltdown 2.0
"College Meltdown 2.0 comes as US fascism advances, the Coronavirus Pandemic becomes more normalized, student loan debt approaches $2 trillion, and the 2026 enrollment cliff is just a few years away. This wave includes remnants of for-profit... — read more
Inject this...
Zovio and Revature? What's next with the Amazing Randy? ... — read more
Hook, line, and sinker...
"Last week, at a special session of the Arizona Board of Regents, University of Arizona president Robert Robbins announced that his school would shift course and integrate UAGC into the school, rather than keep it as a separate entity with a separate... — read more
The Amazing Randy
An incredible Christmas present for Zovio's new CEO. $850K + $250K to $300K in shares + handsome performance bonuses just in 2022. And the chance to earn much more afterward. If the "Amazing Randy" can turn Zovio around like Purdue University... — read more
Zovio's "Dumpster Fire"
Zovio's "dumpster fire" is reminding so much of the collapse of Corinthian Colleges, ITT Tech, Education Management Corporation, Career Education Corporation schools, Apollo Group, ECA, Laureate Education, and so many others. Zovio is on trial in... — read more
New CEO
https://seekingalpha.com/news/3776220-edtech-firm-zovio-hires-new-ceo
Failing to Provide Accurate Reports to California Consumer Agency. Dwindling Faculty Numbers
In addition to its dwindling cash, falling share price, no CEO, and high-profile lawsuits, Zovio has at least two more problems. (1) Zovio-Ashford-UAGC has failed to provide accurate reports to California BPPE. The 2018 report was not good; it... — read more
California Opens Fraud Trial Against College Now Owned by Arizona
"California’s attorney general this week began presenting evidence in his office’s long-awaited fraud trial against for-profit Ashford University. In the case, filed in 2017, the state alleges that Ashford engaged in unfair and fraudulent business... — read more
Results of 3rd Quarter: Revenues down 33%, $5 million loss, 67% loss of cash on hand
If you missed the Q3 earnings call, you didn't miss much. Zovio continues to be in financial trouble--and the Ashford rebrand hasn't made a difference. Share price is close to at all-time low. This is not the end, but it's not good. ... — read more
Fireside Chat
CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire via COMTEX/ -- CHANDLER, Ariz., Sept. 13, 2021 /PRNewswire/ -- Zovio (Nasdaq: ZVO), an education technology services company that partners with higher education institutions and employers, announced Zovio... — read more
Targeting servicemembers with unbelievable claims
"The University of Arizona Global Campus appreciates the sacrifice you made for your country and takes pride in helping you create your future. We provide military tuition grants, dedicated military advisors seven days a week, and flexible schedules... — read more
Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zovio Inc.
"The investigation concerns whether Zovio and certain of its officers and/or directors have engaged in securities fraud or other unlawful business... — read more
"Zovio Schedules Third Quarter 2021 Earnings Conference Call for October 27, 2021"
https://www.marketwatch.com/press-release/zovio-schedules-third-quarter-2021-earnings-conference-call-for-october-27-2021-2021-10-21?siteid=nbsh#
World class?
So Zovio and UAGC are going to go down the same road as Kaplan Higher Education and Purdue University Global, selling a subprime school to working people as a "world-class" institution? The fraudulent claim is made at the 42 second mark. ... — read more
UAGC President
"The Louisiana Department of Education (LDOE) for at least three years manipulated qualification requirements for several New Orleans charter schools so that they would qualify for millions of dollars in federal grants, according to a former LDOE... — read more
Reducing costs...
https://seekingalpha.com/article/4442278-zovio-inc-zvo-ceo-george-pernsteiner-on-q2-2021-results-earnings-call-transcript "Sure a lot of the savings are in taking a look at the company and really eliminating administrative functions that are not... — read more
More losses. Burning through cash.
"Operating loss for the three months ended June 30, 2021 was $4.5 million, compared with operating income of $5.3 million for the three months ended June 30, 2020. Net loss for the three months ended June 30, 2021 was $4.0 million, compared with net... — read more
Techniques of deception
Is anybody here feeling bothered by the current business practices? If so, let me know. https://www.republicreport.org/2021/zovio-adds-board-members-as-deceptions-at-arizona-global-persist/
Student X
Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
More losses
Operating loss for the three months ended March 31, 2021 was $9.3 million, compared with operating loss of $10.5 million for the three months ended March 31, 2020. Net loss for the three months ended March 31, 2021 was $9.5 million, compared with... — read more
$61M loss in 2020
https://www.sec.gov/ix?doc=/Archives/edgar/data/1305323/000130532321000013/zvo-20201231.htm
Ph.D.
Piled high and Deep https://seekingalpha.com/article/4382354-zovio-inc-zvo-ceo-andrew-clark-on-q3-2020-results-earnings-call-transcript?part=single
Student loan volume down 56% at Ashford
https://tcf.org/content/commentary/student-loans-plummeted-summer-term/?agreed=1&session=1
Earnings Call April 29, 2020
It might not be good. Shares down 17 percent today.