secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001104659-23-057728
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q1 net loss $7.2M vs prior-year net income; revenue down 3.3% to $149.7M
-----------------------------------------------------------------------------

- Net loss available to common stockholders of $7.2M ($0.38 per diluted share) vs net income of $5.3M ($0.28) a year ago.
- Consolidated revenue fell 3.3% YoY to $149.7M, driven by 14.4% drop in Rasmussen segment revenue.
- Adjusted EBITDA declined 59.7% to $7.0M, reflecting higher costs and transition fees from terminating Collegis contract.
- APUS net course registrations up 2% YoY; Hondros total enrollment up 10%; Rasmussen enrollment down 12%.
- Appointed Paula Singer as President of Rasmussen University to lead enrollment turnaround.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923057728/0001104659-23-057728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923057728/tm2315005d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057728

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