secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115232
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APEI Q3 net loss narrows to $3.3M; adjusted EBITDA up 91% to $18.1M
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- Consolidated revenue $150.8M (+0.9% YoY); net loss $3.3M vs $3.8M loss prior year.
- Adjusted EBITDA $18.1M (+91.4% YoY) on cost controls; selling expenses down 18.6%.
- APUS net course registrations +8% YoY; Hondros enrollment +17%; Rasmussen enrollment -10%.
- Cash and cash equivalents $155.2M, up 19.9% from Dec 2022; $5.2M non-cash write-off on equity investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923115232/0001104659-23-115232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465923115232/tm2329817d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115232

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