secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001104659-22-029264
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q4 revenue up 79% to $154M, net income $9.4M; Graduate School USA acquired
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- Q4 2021 consolidated revenue $154.0M (+79.3% YoY), driven by Rasmussen inclusion and HCN growth.
- Net income $9.4M ($0.50 diluted EPS) vs $7.1M ($0.47) in Q4 2020; adjusted EBITDA $29.3M (+85.5%).
- Full year 2021 revenue $418.8M (+30.1%), net income $17.8M ($0.97 EPS), adjusted EBITDA $64.7M.
- APUS net course registrations fell 2% YoY in Q4; HCN enrollment grew 17% to 2,510 students.
- Completed acquisition of Graduate School USA for $1M on Jan 1, 2022, expanding federal workforce training.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922029264/0001104659-22-029264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922029264/tm228109d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-029264

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