American Public Education, Inc. (NASDAQ:APEI) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Brian Prenoveau - Investor Relations Angela Selden - President & Chief Executive Officer Rick Sunderland - Executive Vice President & Chief Financial Officer Steve Somers - Senior Vice President, Chief Strategy & Corporate Development Officer. Conference Call Participants Raj Sharma - B. Riley Jasper Bibb - Truist Securities Operator Hello, and welcome to the American Public Educatio ...

For the quarter ended June 2024, American Public Education (APEI) reported revenue of $152.9 million, up 3.9% over the same period last year. EPS came in at $0.01, compared to -$0.25 in the year-ago quarter.The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $154.06 million. With the consensus EPS estimate being $0.01, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

apeı Nasdaq: APEI Second Quarter 2024 Earnings Presentation AMERICAN PUBLIC EDUCATION, INC. Forward Looking Statements Statements made in this presentation regarding American Public Education, Inc. or its subsidiary institutions ("APEI" or the "Company") that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. In some cases, forwardlooking statements can be identified by words such as "anticipate," "believ ...

American Public Education (APEI) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this for-profit education company would post a loss of $0.19 per share when it actually produced a loss of $0.06, delivering a surprise of 68.42%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Americ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value APEI Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Com ...

Financial Performance - Consolidated revenue for Q2 2024 increased 3.9% year-over-year to $152.9 million[2] - Net loss available to common stockholders in Q2 2024 was ($1.2) million, significantly improved from a net loss of ($52.7) million in Q2 2023[2] - Adjusted EBITDA for Q2 2024 was $10.9 million, a 24% increase compared to $8.8 million in Q2 2023[7] - Revenues for the three months ended June 30, 2024, increased to $152,895 thousand, up from $147,214 thousand in the same period of 2023, representing a growth of 4%[22] - Net income for the three months ended June 30, 2024, was $371 thousand, a significant improvement from a net loss of $51,232 thousand in the same period of 2023[22] - Adjusted EBITDA for the three months ended June 30, 2024, was $10,925 thousand, compared to $8,785 thousand in the same period of 2023, representing a growth of 24.4%[25] - For the six months ended June 30, 2024, total revenues reached $307,327 thousand, up from $296,903 thousand in the same period of 2023, reflecting a growth of 3.5%[23] Cost Management - Total costs and expenses for Q2 2024 decreased by 29.1% to $150.7 million, down from $212.5 million in Q2 2023[5] - Total costs and expenses for the three months ended June 30, 2024, decreased to $150,675 thousand, down from $212,482 thousand in the same period of 2023, reflecting a reduction of approximately 29%[22] Enrollment and Projections - Q3 2024 enrollments at Rasmussen University increased slightly compared to Q3 2023, marking the first year-over-year increase since its acquisition[2] - APUS net course registrations for Q3 2024 are projected to be between 90,500 and 92,300, reflecting a slight decline to flat change year-over-year[12] - Hondros College of Nursing's student enrollment for Q3 2024 is expected to increase by 10% to approximately 3,100[12] Future Guidance - Full year 2024 revenue guidance is reiterated at $620 million to $630 million, representing a year-over-year increase of 3% to 5%[3] - Full year 2024 Adjusted EBITDA guidance is set at $60 million to $70 million, indicating a potential increase of 1% to 17% year-over-year[12] - The company expects net income for the three months ending September 30, 2024, to range from a loss of $1,150 thousand to a profit of $950 thousand[27] - The company anticipates adjusted EBITDA for the twelve months ending December 31, 2024, to range from $60,000 thousand to $70,000 thousand[27] Segment Performance - The APUS segment generated revenues of $77,048 thousand for the three months ended June 30, 2024, compared to $73,557 thousand in the same period of 2023, indicating a growth of 6.7%[22] - The RU segment reported revenues of $53,034 thousand for the three months ended June 30, 2024, an increase from $51,971 thousand in the same period of 2023, showing a growth of 2%[22] - The HCN segment's revenues increased to $16,409 thousand for the three months ended June 30, 2024, compared to $14,266 thousand in the same period of 2023, marking a growth of 15%[22] Cash Position - Total cash, cash equivalents, and restricted cash increased by 8.2% to $156.2 million as of June 30, 2024[8]

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Alliance aims to support Aspire Health Group employees with advancing their education and help address the nursing shortage in Florida's long-term care facilitiesTAMPA, Fla., Aug. 1, 2024 /PRNewswire/ -- Rasmussen University is pleased to announce a new corporate alliance with Aspire Health Group, a leading long-term healthcare provider in Florida. The alliance is designed to help Aspire Health Group's employees further their education at a more affordable cost—all while they continue working as well as hel ...

CHARLES TOWN, W.Va. , July 23, 2024 /PRNewswire/ -- American Public Education, Inc. (NASDAQ: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions will hold a conference call on Tuesday, August 6, 2024 at 5:00 PM Eastern Time to discuss its financial results for the second quarter 2024 ended June 30, 2024. Financial results will be issued in a press release prior to the call.Date: ...

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