APEI corrects Q1 revenue guidance down ~$7M to $148.1-150.1M; EBITDA seen above prior high end

AMERICAN PUBLIC EDUCATION INC

Revenue guidance cut to $148.1M-$150.1M from $155.1M-$157.1M due to clerical error.
Adjusted EBITDA expected to exceed prior guidance range of $2.4M-$4.1M.
Q1 2023 results to be released May 9, 2023 after market close; conference call at 5pm ET.
Preliminary outlook remains subject to completion of quarter-end closing procedures.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN PUBLIC EDUCATION INC reported first quarter of 2023 results: revenue $148.1 million to $150.1 million. Guidance lowered.

Period: first quarter of 2023
Revenue: $148.1 million to $150.1 million
Guidance: lowered
Result: preliminary results

Exact text from the filing

revenue guidance, which when originally issued on March 14, 2023 reflected a clerical error. The first quarter 2023 consolidated revenue guidance range should have been $148.1 million to $150.1 million, compared to the previously issued range of $155.1 million to $157.1 million. The error did not impact other forecast amounts. Preliminary1Q23 Outlook Update

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Source: SEC EDGAR

accession 0001104659-23-044378

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