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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 announce its fourth quarter and full year 2020 results on March 9, 2021, after U.S. market close. A live conference call will be held at 5:00 p.m. Eastern time that same day, accessible via the company's investor relations website. A replay will be available two hours post-call and archived for one year. APEI is a key player in the online education sector, serving over 88,000 learners globally with more than 220 programs.
American Public Education, Inc. (NASDAQ: APEI) will participate in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021. CEO Angela Selden will present at 2:00 p.m. Eastern time.
Investors can access a live broadcast here. APEI will also conduct one-on-one meetings with investors throughout the day. Interested parties can contact Needham & Company for scheduling.
A recording of the presentation will be available on APEI's website for 90 days post-event.
Four master's-level students and alumni from the American Public University System have been named Presidential Management Fellowship Finalists for 2021. Since 2011, nearly 60 alumni achieved this prestigious status. The finalists include Joshua Baker (Environmental Policy Studies), Rebecca J. Bryson (Public Administration), Benjamin Kenyon (Business Administration), and Marsha D. Reveal (Conflict Analysis). The PMF program aims to cultivate future government leaders and has a selection rate of under 10% of applicants.
American Public University System (APUS) has renamed its business school to the Dr. Wallace E. Boston School of Business in honor of Dr. Boston's nearly two decades of leadership. As of September 30, 2020, APUS had 86,300 active students, a tenfold increase since Dr. Boston's tenure began. The School of Business offers 51 online programs and has conferred over 26,500 degrees and certificates. Dr. Boston's leadership contributed to key milestones, including initial accreditation and an IPO in 2007. APUS aims to prepare students for careers in the global business community.
American Public Education, Inc. (NASDAQ: APEI) will participate in two virtual investor conferences. CEO Angela Selden will present at the Sidoti & Company 2020 Virtual Microcap Conference on November 19, 2020, at 11:30 a.m. ET, with a live broadcast available. Following this, she will engage in a fireside chat at the B. Riley Securities Education Services & Technology Conference on December 2, 2020, at 8:45 a.m. ET. Both events will be accessible via APEI's website, where recordings will also be archived.
American Public Education, Inc. (APEI) reported strong financial results for Q3 2020, with a 16.6% increase in consolidated revenue to $79.1 million. Key highlights include 25% growth in net course registrations at APUS and 88% growth in new student enrollment at Hondros College of Nursing. Net income rose to $2.6 million or $0.18 per share. Adjusted EBITDA increased 49% to $10.8 million. APEI plans to acquire Rasmussen University, aiming for annual revenue of $600 million post-acquisition, positioning itself as the top educator for pre-licensure nurses.
American Public Education, Inc. (APEI) has entered a definitive agreement to acquire Rasmussen University for $329 million. The acquisition targets expansion in nursing and health sciences education, enhancing APEI's market position. With over 18,000 students and 24 campuses, Rasmussen aligns with APEI’s commitment to affordable, quality education. The deal is expected to generate annual synergies of $5 million in the first year and more than $10 million thereafter, positioning APEI for future growth and diversification. Preliminary Q3 2020 results show a 16.6% revenue increase year-over-year.
American Public University System (APUS) has appointed retired U.S. Marine Corps Lt. Gen. Vincent Stewart to its Board of Trustees. Stewart is currently the chief innovation and business intelligence officer for Ankura in Washington, D.C. His extensive experience in cybersecurity and intelligence is expected to enhance APUS’s educational offerings, particularly in cyber defense. APUS, a subsidiary of American Public Education (NASDAQ:APEI), is recognized as a National Center of Academic Excellence in Cyber Defense Education and offers more than 200 online degree programs, primarily servicing military students.
American Public Education, Inc. (NASDAQ: APEI) will announce its third quarter 2020 financial results on November 9, 2020, after U.S. markets close. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern time on the same day and can be accessed on the company's investor relations website at www.apei.com. A replay will be available approximately two hours after the call and will be archived for one year. The company supports over 80,000 adult learners worldwide through its educational platforms.
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