secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001104659-22-115909
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922115909/0001104659-22-115909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465922115909/tm2229880d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-115909

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