APEI Q2 revenue +3.9% to $152.9M; adjusted EBITDA +24%; reaffirms FY24 guidance

AMERICAN PUBLIC EDUCATION INC

2024-Q2 EPS reported -$0.12 revenue$307,327,000

Revenue $152.9M (+3.9% YoY); net loss $1.2M ($0.06 loss per share) vs $52.7M loss in Q2 2023.
Adjusted EBITDA $10.9M, up 24% YoY from $8.8M.
APUS net registrations +1.7% to 89,800; Hondros enrollments +9.4% to 3,300; Rasmussen -2.2% to 13,600.
Rasmussen Q3 total enrollments slightly above prior year; first YoY increase since acquisition.
Full-year 2024 guidance: revenue $620-630M, net income $6-13M, adjusted EBITDA $60-70M.

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