American Public Education Q3 revenue up 24% to $98.2M; net loss $0.3M; adjusted EBITDA down 16%

AMERICAN PUBLIC EDUCATION INC

2021-Q3 EPS reported $0.46 revenue$264,803,000

Revenue $98.2M (+24% YoY) from Rasmussen acquisition; net loss $0.3M vs income $2.6M.
Adjusted EBITDA $9.1M (-16% YoY) includes $1.6M M&A fees.
Diluted loss per share $0.01 vs EPS $0.18; APUS course registrations down 8%.
Rasmussen acquisition closed Sept 1 for $325.5M; funded with cash and $175M term loan.
Agreed to acquire Graduate School USA for ~$1.0M, expected close Q1 2022.

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