American Public Education, Inc. (APEI) delivered strong results for first-quarter 2024. The bottom line handily surpassed the Zacks Consensus Estimate and significantly improved from the previous year.Revenues also beat the analysts’ expectations and jumped year over year, on the back of contributions from the American Public University System (“APUS”) and Hondros College of Nursing (“HCN”) segment. Yet, lower revenues from Rasmussen University ("RU") and Graduate School ("GSUSA") partially offset the growt ...

Financial Data and Key Metrics Changes - APEI's Q1 2024 revenue was $154 million, a 3% increase compared to Q1 2023, exceeding guidance [11][19] - Adjusted EBITDA for Q1 2024 was $17.1 million, representing a 143% increase year-over-year, and was 71% above the top end of guidance [11][20] - Adjusted EBITDA margin expanded by 600 basis points to 11% in Q1 2024, compared to 5% in Q1 2023 [12][20] Business Line Data and Key Metrics Changes - APUS saw a 9% revenue increase to $80.7 million in Q1 2024, driven by a 3% increase in net course registrations and tuition increases [21] - Rasmussen's revenue decreased by 7.5% to $53.1 million due to lower average enrollment, although the EBITDA loss improved by approximately 40% year-over-year [22] - Hondros reported a 25% revenue increase to $16.4 million, with total enrollment growing by 22% to approximately 3,300 students [23] Market Data and Key Metrics Changes - APUS net course registrations increased by 3% year-over-year to 99,000, the highest in eight years [12] - Rasmussen's enrollments showed a slight decrease of 2% in Q2 2024 compared to the previous year, with online enrollments increasing by 4% [25] - Hondros experienced a 10% increase in total student enrollment in Q2 2024, reaching approximately 3,300 students [26] Company Strategy and Development Direction - The company is focused on improving student retention and diversifying its nursing program offerings to achieve a balanced portfolio [10][14] - APEI is increasing its full-year 2024 guidance for revenue and adjusted EBITDA due to strong Q1 performance [12][26] - Investments are planned for modernizing curriculum at APUS and relocating campuses at Hondros to more favorable locations [38][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive enrollment growth at Rasmussen in the second half of 2024 and a return to positive EBITDA [15][55] - The company is optimistic about long-term success, driven by strong education units and a solid financial position [17] - Management highlighted the importance of improving NCLEX pass rates and student retention as key factors for future growth [35][53] Other Important Information - Total cash and cash equivalents increased to $153.2 million, with cash flow from operations rising by 63% year-over-year [24] - The company repurchased 251,000 shares of common stock for an aggregate purchase price of $2.8 million [24] Q&A Session Summary Question: What does getting Rasmussen back to total enrollment growth mean for segment EBITDA margins? - Management indicated that increasing enrollments would lead to breakeven or positive EBITDA due to the fixed cost nature of the campus-based business [30] Question: What were the drivers of the revenue per student increase at APUS? - The increase was attributed to a combination of mix, modest tuition increases, and the timing of course starts [32] Question: Are there any restrictions on enrolling new students at campuses on probation? - There are no restrictions on enrolling new students, and management is optimistic about improving NCLEX pass rates [34] Question: What are the critical investments planned for 2024? - Investments include campus relocations at Hondros and curriculum modernization at APUS, with a focus on technology infrastructure [38][40] Question: Is Rasmussen under control in terms of enrollment? - Management confirmed that enrollment trends are improving, and they expect positive growth in the second half of 2024 [48][55] Question: What is the status of accounts receivable collections with the Army? - There are some older amounts being cleaned up, but current billing and collections are functioning as designed [57][58] Question: Why were margins at the graduate school slightly worse year-on-year? - The decline was due to government budget delays affecting training dollars, but efforts are underway to close the revenue gap [61][62]

American Public Education (APEI) reported $154.43 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.2%. EPS of -$0.06 for the same period compares to -$0.38 a year ago.The reported revenue represents a surprise of +1.38% over the Zacks Consensus Estimate of $152.34 million. With the consensus EPS estimate being -$0.19, the EPS surprise was +68.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Nasdaq: APEI First Quarter 2024 Earnings Presentation 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, forward- looking statements can be identified by words such as “anticipate,” “believe,” “seek,” “could,” “estimate,” “ex ...

Exhibit 99.1 American Public Education Reports First Quarter 2024 Financial Results Increasing Full Year 2024 Revenue and Adjusted EBITDA Guidance Driven by Strong First Quarter Performance CHARLES TOWN, W.V. – May 7, 2024 -- 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, has reported unaudited financial and operational results for t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-33810 AMERICAN PUBLIC EDUCATION, INC. (Exact name of registrant as specified in its charter) Delaware 01-0724376 ...

Active investors should pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.To that end, Rush Street Interactive (RSI) , American Public Education (APEI) , Tencent Music Entertainment Group ( ...

Company to Present May 8 at 1:45 p.m. ET CHARLES TOWN, W.Va., May 2, 2024 /PRNewswire/ -- American Public Education, Inc. (NASDAQ: APEI), a leading education services provider that transforms lives, advances careers, and improves communities through both campus-based and online post-secondary education through its wholly owned subsidiaries, today announced that it will be participating in the upcoming virtual Sidoti Micro Cap Conference on Wednesday, May 8, and Thursday, May 9, 2024. Angela Selden, Presiden ...

U.S. economic growth slowed in the first quarter. The Commerce Department reported that U.S. gross domestic product (GDP) grew a meager 1.6%, a lot lower than the 3.4% recorded in the final quarter of 2023.The report mentioned that consumer spending somewhat moderated from January through March, which slowed down the economy. However, the report also said that consumer spending remains solid, and has been driving the economy.Consumer spending, which accounts for over two-thirds of U.S. economic activity, in ...

Investors interested in stocks from the Schools sector have probably already heard of American Public Education (APEI) and Bright Horizons Family Solutions (BFAM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank ...