{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-032282","form_type":"8-K","ticker":"APEI","cik":"0001201792","company_name":"AMERICAN PUBLIC EDUCATION INC","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.082878+00:00","generated_at":"2026-06-18T02:52:35.452073+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"APEI Q4 net loss of $6.6M vs income $9.4M; revenue down 1%, EPS -$0.35","bullets":["Revenue fell 1.0% to $152.4M; net loss $6.6M compared to net income of $9.4M a year ago.","Adjusted EBITDA dropped 48% to $15.4M; EPS loss $0.35 vs income $0.50 in Q4 2021.","Rasmussen University enrollment decreased 9% to 15,600; HCN enrollment up 4% to 2,600.","Issued $40M preferred stock, used with cash to prepay $65M of long-term debt in December.","Cash and equivalents fell $20M to $102.6M; $26M due from Army ( $16.5M over 60 days )."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-032282","json":"https://secwatch.observer/filing/0001104659-23-032282.json","markdown":"https://secwatch.observer/filing/0001104659-23-032282.md","text":"https://secwatch.observer/filing/0001104659-23-032282.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923032282/0001104659-23-032282-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923032282/tm239230d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T02:52:35.452073+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e729f72a43c90dcc62c00b409a682a9e11692495","claim":"AMERICAN PUBLIC EDUCATION INC reported quarter ended December 31, 2022 (three months ended December 31, 2022) results: revenue $152.4 million, net income net loss available to common stockholders of $6.6 million, EPS $(0.35) per diluted share (net loss per diluted common share of $0.35).","evidence_excerpt":"Inc. (Nasdaq: APEI) announced financial results for the quarter ended December 31, 2022. Fourth Quarter Highlights: • Consolidated revenue decreased 1.0% year over year to $152.4 million • At December 31, 2022, total unrestricted cash and cash equivalents of approximately $102.6 million represents a decrease of $20.0 million from December 31, 2021 • Net loss","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1201792/000110465923032282/0001104659-23-032282-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2022 (three months ended December 31, 2022)"},{"label":"Revenue","value":"$152.4 million"},{"label":"Net income","value":"net loss available to common stockholders of $6.6 million"},{"label":"EPS","value":"$(0.35) per diluted share (net loss per diluted common share of $0.35)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}