secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001104659-21-135698
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465921135698/0001104659-21-135698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465921135698/tm2132264d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-135698

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer