secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001104659-23-088815
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q2 net loss $51.2M, revenue -1.6% to $147.2M; two directors won't seek re-election
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- Net loss $51.2M ($2.93/share); adjusted loss $0.25/share; includes $64M non-cash Rasmussen goodwill impairment.
- Revenue $147.2M -1.6% YoY; APUS +5.2%, HCN +24.2%, Rasmussen -18.7%.
- Adjusted EBITDA $8.8M -39.6%; cash $139.4M; Army received $42M in H1 2023, including $20.9M prior-period catch-up.
- Directors Halle and Kurshan will not stand for re-election at 2024 annual meeting; board to reduce size, no disagreement cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/0001104659-23-088815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923088815/tm2323030d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-088815

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