secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001104659-22-087882
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q2 net loss $110M on $144.9M impairment; revenue up 92% to $149.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922087882/0001104659-22-087882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922087882/tm2222640d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-087882

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