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American Public Education, Inc. (NASDAQ: APEI) is a leading provider of higher education services committed to transforming lives by preparing students for excellence in service, leadership, and achievement. Through its wholly owned subsidiaries, APEI offers respected, career-relevant, and affordable academic programs and services to a diverse range of students worldwide. The company operates under several key institutions, including the American Public University System (APUS), which encompasses the American Public University (APU) and the American Military University (AMU), as well as the National Education Seminars, Inc., known as Hondros College of Nursing.
APEI offers nearly 100 degree programs in fields that range from homeland security, military studies, intelligence, and criminal justice to technology, business administration, public health, nursing, and liberal arts. The American Public University System is a pioneer in online education, with over 137,000 alumni from more than 100 countries, and is expanding its reach globally to integrate emerging technologies, such as AI-powered classrooms and personalized digital services, to enhance teaching and learning experiences.
Rasmussen University, another key entity under APEI, is a 120-year-old institution focused on nursing and health sciences, serving approximately 13,500 students across its 22 campuses in six states and online. It offers a full range of nursing education from Practical Nursing to Doctor of Nursing Practice (DNP). Rasmussen University has introduced new grants and tuition reimbursement programs in collaboration with organizations like GuideWell and Saber Healthcare Group to support workforce development and higher education affordability.
The Hondros College of Nursing provides pre-licensure nursing education at eight campuses across Ohio, Indiana, and Michigan, making it the largest educator of PN (LPN) nurses in Ohio. It is expanding its program offerings, such as the new Medical Assisting program, to meet the growing demand for healthcare professionals.
APEI’s financial condition remains robust, with a strong liquidity position and consistent revenue growth. In the first quarter of 2024, APEI reported consolidated revenues of $154.4 million, marking a year-over-year increase of 3.2%. The company’s financial stability is further confirmed by its recognition as one of the world’s top EdTech companies by TIME Magazine and Statista Inc.
Overall, APEI's commitment to innovation in education, strong partnerships, and emphasis on affordability and accessibility positions it as a significant player in the higher education sector, continually striving to meet the evolving needs of students, communities, and industries.
American Public University System (APUS) and the Policy Studies Organization announced keynote speakers for the Space Education and Strategic Applications Conference (SESA), taking place virtually on September 22-23, 2022. The event features Dr. Sian Proctor and Carl Starr, both prominent figures in the space industry. The conference aims to foster discussions on the future of space exploration across military, commercial, and educational sectors. APUS also supports space studies through its online programs and facilities, including a remote-access telescope for innovative research.
American Public Education, Inc. (APEI) reported Q1 2022 results with consolidated revenue of $154.7 million, a 75% increase year-over-year. However, net income fell to $5.3 million from $8.1 million in Q1 2021. Adjusted EBITDA grew 8.5% to $17.4 million. The company completed acquisitions of Rasmussen University and Graduate School USA, contributing significant revenue but also increasing expenses. Total cash increased to $170.9 million as of March 31, 2022. The company faces challenges in revenue from the American Public University System, primarily due to changes in its registration mix.
On May 3, 2022, American Military University (AMU) announced a partnership with 50strong to assist military-affiliated students in transitioning to civilian employment. AMU, the leading provider of education to U.S. military personnel, will leverage 50strong’s resources to connect students with potential employers. Since joining as an Educational Partner in April 2021, AMU has engaged thousands of students through 50strong's programs, including EmployerConnect and SkillBridgeConnect. This collaboration aims to enhance career outcomes for service members and veterans.
American Public Education, Inc. (NASDAQ: APEI) will release its first quarter 2022 results on May 10, 2022, after U.S. market close. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern on the same day, accessible via the investor relations section of www.apei.com. A replay will be available approximately two hours post-call for six months. APEI focuses on providing career-oriented education through subsidiaries like American Public University System, serving around 89,000 students globally.
American Public University System (APUS) has appointed David Cumberbatch to its Board of Trustees, enhancing its leadership with his extensive experience in education and technology. Cumberbatch has a proven track record at major companies such as Microsoft and ACT Inc., and currently serves as Senior Advisor for K-12 Solutions at the Bill & Melinda Gates Foundation. His expertise is expected to support APUS's mission of delivering accessible online education and assist students in achieving their goals amidst increasing corporate demands for skilled workers.
American Public University System (APUS) has been added as a member of the U.S. Cyber Command's Academic Engagement Network (AEN) to enhance national cybersecurity efforts. This partnership aims to improve workforce skills, increase applied research, and foster collaboration with academic institutions amid a shortage of cybersecurity professionals. APUS offers comprehensive cyber defense programs at undergraduate and graduate levels, recognized by the National Security Agency as a Center of Academic Excellence in Cybersecurity. This collaboration is expected to create new opportunities for students in critical national security areas.
On March 7, 2022, the Accreditation Council for Business Schools and Programs (ACBSP) reaffirmed the accreditation of the Dr. Wallace E. Boston School of Business at the American Public University System (APUS). This recognition emphasizes high academic standards in APUS's online business education. Since first accredited in 2011, the school has awarded nearly 29,000 degrees and certificates. They offer 49 online programs, including Master and Bachelor degrees in Business Administration. The ACBSP accreditation ensures rigorous educational standards for business programs.
American Public Education, Inc. (APEI) reported a strong financial performance for Q4 and the full year ending December 31, 2021. Consolidated revenue rose 79.3% year-over-year to $154.0 million in Q4, with net income of $9.4 million. For the full year, revenue increased 30.1% to $418.8 million despite a slight dip in annual net income to $17.8 million. The company completed its acquisition of Rasmussen University and Graduate School USA, enhancing its market position. However, costs surged due to acquisitions, impacting earnings per share.
American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2021 results after U.S. markets close on March 2, 2022. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern on the same day, accessible via the company's investor relations website. A replay will be available approximately two hours post-call for six months. APEI focuses on providing higher education and training, serving around 90,000 adult learners, especially military and veteran students.
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