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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 Education, Inc. (NASDAQ: APEI) will release its first quarter 2021 results on May 10, 2021, after U.S. market closure. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern time on the same day, accessible via the company's investor relations website. A replay will be available for one year after the event. APEI, a prominent provider of online higher education, supports over 90,000 adult learners globally through subsidiaries like the American Public University System and Hondros College of Nursing.
American Public Education, Inc. (NASDAQ: APEI) announced that CEO Angela Selden and CFO Rick Sunderland will participate in the Sidoti & Company Spring Conference on March 24, 2021. Selden is set to present at 3:15 p.m. ET during the event, which will be live-streamed. APEI's management will also host one-on-one meetings with investors throughout the day. The presentation can be accessed via a provided link and will be archived on APEI's website for 90 days. APEI, serving over 90,000 learners globally, offers diverse academic programs through its subsidiaries, including the American Public University System and Hondros College of Nursing.
American Public University System (APUS) has appointed Dr. Mary B. Marcy to its Board of Trustees. Dr. Marcy, a recognized leader in higher education innovation, previously served as President at Dominican University, where she implemented successful reforms. Her initiatives focused on student success and academic excellence, aligning with APUS’s mission to provide inclusive education. Dr. Marcy becomes President Emerita at Dominican on June 30, 2021, bringing her extensive experience to enhance APUS's commitment to military students and community service.
American Public Education, Inc. (Nasdaq: APEI) has reported a strong financial performance for Q4 and the full year 2020, highlighting a 15.4% increase in revenue to $85.9 million and a 25% rise in net income to $7.1 million. Growth in enrollment was observed at both the American Public University System and Hondros College of Nursing, with new student registrations at APUS up 17% and total enrollments at HCN up 34%, achieving record numbers. APEI also closed a public offering, raising approximately $86 million, and announced plans to acquire Rasmussen University, positioning it as a leader in nursing education.
On March 4, 2021, American Public University System (APUS) announced the launch of nearly 60 new online courses across its business programs. This initiative aims to enhance leadership, digital business, and AI skills amid economic uncertainty due to COVID-19. APUS will also enrich existing courses and add innovative concentrations to its MBA offerings. With over 26,500 degrees conferred, the school emphasizes practical knowledge application and aims to support veterans transitioning into civilian roles. This commitment is part of APUS's strategy to prepare students for future workforce needs.
American Public Education, Inc. (Nasdaq: APEI) has completed its underwritten public offering, selling 3,680,000 shares of common stock at $25.00 per share, generating gross proceeds of $92 million before expenses. The offering included the full exercise of an option for an additional 480,000 shares. Truist Securities and William Blair served as joint lead managers, with B. Riley Securities as a book-running manager. The securities were registered under Form S-3 and relevant documents are accessible on the SEC website.
American Public Education, Inc. (Nasdaq: APEI) has announced the pricing of a public offering of 3,200,000 shares of its common stock at $25.00 per share. The offering aims to generate approximately $80 million in gross proceeds, excluding underwriter options. APEI plans to use the funds for general corporate purposes, potential capital expenditures, and costs related to the acquisition of Rasmussen University. The offering is expected to close on March 1, 2021, pending customary closing conditions.
American Public Education, Inc. (Nasdaq: APEI) has initiated a public offering of its common stock, exclusively selling shares owned by the company. The offering includes a 30-day option for underwriters to purchase an additional 15% of shares. Proceeds from the offering are expected to be used for general corporate purposes, including potential costs related to the acquisition of Rasmussen University, which involves replacing a $29 million preferred stock obligation. The offering is subject to market conditions and is made under an effective SEC shelf registration.
American Public University System (APUS) and Rio Salado College have partnered to offer students a streamlined pathway to earn an online associate degree with guaranteed admission to select baccalaureate programs. This collaboration aims to enhance educational access for non-traditional students, including military personnel, by allowing them to transfer up to 90 credits toward their bachelor's degrees. With nearly 50,000 students served annually, both institutions emphasize high-quality and affordable education. APUS provides over 200 programs, fostering career growth through accessible online learning.
Hondros College of Nursing announced plans to open a new campus in Akron, Ohio, in April 2021 to address the ongoing nursing shortage in the region and across the U.S. The Bureau of Labor Statistics anticipates over 175,000 registered nursing job openings annually through 2029, with substantial growth expected in Northeast Ohio. The new campus will be Hondros' seventh location and aims to provide practical nursing education, enhancing workforce readiness in the healthcare sector, particularly amid the COVID-19 pandemic.
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