American Public Education, Inc. - APEI STOCK NEWS

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.

American Public University System (APUS) has appointed Dr. Mary A. Papazian, the Executive Vice President at the Association of Governing Boards of Universities and Colleges (AGB), to its Board of Trustees. Dr. Papazian brings over 35 years of higher education experience, including presidencies at San Jose State University and Southern Connecticut State University. She is known for her strategic vision in leveraging emerging technologies like AI and advancing diversity, equity, and inclusion. Her leadership is expected to enhance APUS's educational offerings and extend its reach to diverse student populations, including military and public service communities.

American Public University System (APUS) is partnering with Home School Legal Defense Association (HSLDA) to offer tuition grants for HSLDA members and their families to earn degrees and certificates at American Public University (APU). The partnership allows nearly 100,000 HSLDA member families to access a 10% tuition grant for bachelor's and master's degrees. This initiative aims to make higher education more accessible, especially for those involved in home schooling. APUS offers a flexible, online education model with monthly class starts, making it suitable for home-schooled families. HSLDA, an advocacy organization founded over 40 years ago, provides resources and legal support to facilitate home schooling.

American Public Education (NASDAQ: APEI) announced its participation in two upcoming investor conferences. Management will attend the B. Riley Institutional Investor Conference on May 22-23 in Los Angeles, engaging in one-on-one meetings. Additionally, APEI will present at the William Blair Annual Growth Stock Conference on June 4 in Chicago at 1:40 pm ET, with a webcast available on the company's website. APEI serves over 125,000 students through its four subsidiary institutions, offering both online and campus-based education.