APEI Q3 revenue up 52% to $149.5M; net loss widens to $3.8M

AMERICAN PUBLIC EDUCATION INC

2022-Q3 EPS reported -$5.74 revenue$453,890,000

Net loss of $3.8M ($0.20 diluted EPS) vs net loss of $0.3M in prior year.
Adjusted EBITDA $9.5M, slightly up from $9.3M a year ago.
Revenue increase driven by Rasmussen and GSUSA acquisitions; APUS registrations up 3%.
ArmyIgnitED 2.0 transition causing $13.8M in AR over 60 days; collection risks noted.
Cash and equivalents $185.5M, up 24% from Dec 2021.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN PUBLIC EDUCATION INC reported quarter ended September 30, 2022 results: revenue $149.5 million, net income $3.8 million, EPS $0.20.

Period: quarter ended September 30, 2022
Revenue: $149.5 million
Net income: $3.8 million
EPS: $0.20
Result: reported results

Exact text from the filing

Inc. (Nasdaq: APEI) announced financial results for the quarter ended September 30, 2022. Third Quarter Highlights: • Consolidated revenue increased 52% year-over-year to $149.5 million • Total cash and cash equivalents was approximately $185.5 million, compared to $149.6 million as of December 31, 2021, representing increase of $35.9 million or 24.0% • Our

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Source: SEC EDGAR

accession 0001104659-22-115909

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