secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001104659-24-030996
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465924030996/0001104659-24-030996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465924030996/tm247734d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-030996

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