APEI swings to Q4 profit of $11.5M from loss; revenue $152.8M flat YoY

AMERICAN PUBLIC EDUCATION INC

Q4 2023 net income $11.5M vs net loss $6.6M in Q4 2022; diluted EPS $0.64 vs ($0.35).
Adjusted EBITDA $25.7M, up 66.8% YoY; costs decreased 10.4% to $136.9M.
APUS net course registrations +4%, HCN enrollment +19%, Rasmussen -10%.
Total cash and restricted cash $144.3M at Dec 31, 2023, up 11.5% YoY.
Full year 2023 net income $2.8M vs net loss $17.7M; diluted EPS $0.15 vs ($0.95).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AMERICAN PUBLIC EDUCATION INC reported for the quarter and year ended December 31, 2023 results: revenue $152.8 million, net income Net income available to common stockholders was $11.5 million, EPS Net income per diluted common share was $0.64.

Period: for the quarter and year ended December 31, 2023
Revenue: $152.8 million
Net income: Net income available to common stockholders was $11.5 million
EPS: Net income per diluted common share was $0.64
Result: reported results

Exact text from the filing

(Nasdaq: APEI) announced financial results for the quarter and year ended December 31, 2023. Fourth Quarter Highlights: · Consolidated revenue increased 0.2% year-over-year to $152.8 million. · Net income available to common stockholders was $11.5 million, compared to a net loss available to common stockholders of $6.6 million in the prior year period. · Net income

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AMERICAN PUBLIC EDUCATION INC filing history →

Source: SEC EDGAR

accession 0001104659-24-030996

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