secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN PUBLIC EDUCATION INC (APEI)
CIK:        0001201792
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001104659-24-086254
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1201792/000110465924086254/0001104659-24-086254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1201792/000110465924086254/tm2420705d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086254

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