earnings
confidence high
sentiment negative
materiality 0.80
APEI Q2 net loss $110M on $144.9M impairment; revenue up 92% to $149.6M
AMERICAN PUBLIC EDUCATION INC
2022-Q2 EPS reported
-$5.54
revenue$304,355,000
- Consolidated revenue $149.6M (+92% YoY); adjusted EBITDA $14.5M (+47% YoY).
- Net loss per diluted share $5.82; adjusted loss $0.06 excluding impairment.
- Non-cash impairment charge of $144.9M to reduce Rasmussen University goodwill and intangibles.
- Rasmussen enrollment down 6% YoY; APUS net course registrations up 1%; HCN enrollment up 3%.
- Army receivables improved to $12.5M aged over 60 days; transition to new ArmyIgnitED provider at end of Aug.