Welcome to our dedicated page for American Public Education news (Ticker: APEI), a resource for investors and traders seeking the latest updates and insights on American Public Education stock.
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 (PSO) are hosting the inaugural Sport United Conference, a free virtual event focusing on sport and Esport management, scheduled for November 7-8, 2024. The conference is accepting speaking proposals until September 30 and will feature keynote speaker Paul Rabil, co-founder of the Premier Lacrosse League.
The event will explore topics such as name, image, and likeness (NIL), technologies reshaping sports, and coaching & athlete development. Notable speakers include experts from academia, sports organizations, and the private sector. The conference aims to foster collaboration between sport and Esport academia and industry, offering insights into the challenges and opportunities at the intersection of sports and policy.
American Public University System (APUS) and the Policy Studies Organization (PSO) are hosting the fifth annual Space Education & Strategic Applications (SESA) virtual conference on September 19-20, 2024. The free event, themed 'Preparing for the Cosmos: Readying the Next Generation of Space Explorers,' features keynote speakers including:
- Dr. Sian Proctor, SpaceX Inspiration4 pilot and social media star
- John F. Bentivegna, Chief Master Sergeant of the U.S. Space Force
- Carl Starr, Former James Webb Space Telescope Mission Ops Manager
The conference aims to bring together innovators, researchers, and decision-makers from the space community. A special 'Star Party' using APUS' 24-inch planewave research grade telescope will be held on September 19 at 9 p.m. ET.
American Public University System (APUS) and Policy Studies Organization (PSO) co-hosted a virtual conference on AI and the Future of Education, attracting over 1,000 registrants from 19 countries. The two-day event featured keynotes from AI experts, including Dr. Matthew Lease, Dr. Michael Jabbour, and Lori Glover, J.D. U.S. Rep. Dr. Jay Obernolte provided special remarks on AI's impact on education and economic growth.
The conference explored topics such as AI-driven personalized learning, ethical considerations, and future workforce needs. APUS President Nuno Fernandes emphasized the importance of adapting to technological advancements. Panels with educators addressed critical issues like data privacy and equitable access to AI tools. Recordings are available on PSO's YouTube channel, with a summary of key takeaways to be shared on the APUS Edge blog.
American Public University System (APUS) has expanded its partnership with LifeRamp to offer free professional coaching to all students at American Public University and American Military University. Previously to students nearing program completion, this service is now available from the first day of class. The ICF-certified coaching is provided in four languages (English, Spanish, French, and Portuguese) through LifeRamp's Launch 360° service.
This initiative enhances APUS's student services, which include AI-powered resume building, an online job board, virtual career fairs, and more. The coaching aims to support students in their personal and professional development, offering personalized guidance on strength assessment, goal planning, and skill improvement.
American Public Education, Inc. (APEI) reported Q2 2024 financial results, showing positive growth trends. Consolidated revenue increased 3.9% year-over-year to $152.9 million. Net loss improved to ($1.2) million, compared to ($52.7) million in Q2 2023. Adjusted EBITDA rose 24% to $10.9 million. Notably, Rasmussen University saw its first year-over-year enrollment increase since acquisition.
APEI reiterated its full-year 2024 guidance, projecting revenue of $620-$630 million, net income of $6-$13 million, and Adjusted EBITDA of $60-$70 million. The company highlighted improved performance across its educational institutions, with APUS showing continued growth in registrations and Hondros College of Nursing reaching record enrollment levels.
Rasmussen University has announced a new corporate alliance with Aspire Health Group, a leading long-term healthcare provider in Florida. The alliance aims to support Aspire Health Group's 6,000+ employees in advancing their education while addressing the nursing shortage in Florida's long-term care facilities. The partnership includes a tuition grant for qualified employees on various programs, including Practical Nursing (LPN), Professional Nursing (ADN), and Bachelor of Science in Nursing (BSN).
This collaboration comes at a important time as Florida's aging population is projected to increase significantly, with the 85+ age group expected to more than triple by 2030. Rasmussen University, a national leader in nursing education with five campuses in Florida, offers comprehensive support services and experienced faculty to ensure student success.
American Public Education, Inc. (NASDAQ: APEI) has scheduled its second quarter 2024 earnings call for Tuesday, August 6, 2024, at 5:00 PM Eastern Time. The company, which operates 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 discuss its financial results for the quarter ended June 30, 2024.
Financial results will be released in a press release prior to the call. Investors and interested parties can access the webcast through a provided link or via the company's website. A replay of the conference call will be available through August 6, 2025, allowing for extended access to the discussion.
American Public University System (APUS) and Policy Studies Organization (PSO) are co-hosting a free virtual conference on 'AI and the Future of Education' on August 1-2, 2024. The event will feature experts from Microsoft Education, MIT, and other organizations discussing AI's role in higher education. Topics include AI innovations, ethical challenges, and increasing access to AI through curriculum design. Notable speakers include Lori Glover from MIT's CSAIL, U.S. Rep. Dr. Jay Obernolte, and Dr. Michael J. Jabbour from Microsoft Education. The conference will also introduce 'Scholar Bot®', an AI-generated virtual concierge to assist attendees. This event aims to explore AI's transformative potential in education and reimagine future learning experiences.
Rasmussen University has integrated Hiration's AI-powered mock interview tool into its career services. This innovative tool offers students and alumni customized interview questions, real-time feedback, and enhanced interview techniques. Coupled with Hiration's AI resume builder and Handshake career management platform, this addition aims to improve job readiness and confidence. The tool uses ChatGPT to provide personalized feedback on communication skills, body language, and more. It allows for flexible practice without scheduling or geographic constraints. Rasmussen began collaborating with Hiration in 2021 and is among the first to adopt this new AI technology.
American Public University System (APUS) has announced the launch of TuitionWise, an education benefits program designed to help companies recruit, retain, and enhance the skills of their employees. TuitionWise aims to reduce the potential costs of student debt for eligible participants by offering the possibility of no out-of-pocket tuition costs when combined with employer tuition-assistance benefits. The program includes an APUS partner grant for U.S.-based organizations meeting minimum tuition assistance standards. According to APUS President Nuno Fernandes, the program targets companies dedicated to investing in their employees' education, making higher education more accessible through partner grants, no application fees, and no costs for undergraduate books and transfer credit evaluations. With more than 300 organizations as partners, APUS collaborates with various sectors, including associations, businesses, government agencies, and healthcare organizations, to create effective learning strategies.
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