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APUS will celebrate over 16,000 graduates at its 28th annual commencement on May 10-11, including around 4,100 master's, 8,800 bachelor's, and 3,600 associate degrees. The ceremonies will be held at the Gaylord Hotel in National Harbor, Md., and live streamed for remote viewing. Award winners will also be recognized during the event.
American Public Education, Inc. (APEI) reported solid financial results for the first quarter of 2024, with revenue increasing by 3.2% year-over-year to $154.4 million. Adjusted EBITDA also saw a substantial growth of 143% to $17.1 million. The company maintained a strong liquidity position and is raising its full-year revenue and Adjusted EBITDA guidance. Management highlighted the positive momentum in financial performance driven by enrollment growth and cost reductions. Total revenue increased primarily in the APUS and HCN Segments, while costs and expenses decreased compared to the same period last year. The net loss available to common stockholders improved significantly, with a total cash, cash equivalents, and restricted cash of $153.2 million as of March 31, 2024.
American Public Education, Inc. (APEI) will be presenting at the Sidoti Micro Cap Conference on May 8, 2024. Angela Selden, President and CEO, will present at 1:45 p.m. ET. The company offers education services through campus-based and online post-secondary education.
Rasmussen University has expanded its Bloomington Bachelor of Science in Nursing program to the Hennepin/Anoka campus in response to nursing shortages in Minnesota. The CCNE-accredited BSN program aims to meet the demand for registered nurses with baccalaureate degrees. Enrollment is open, with classes starting soon. The expansion follows a successful launch at the Eagan campus, where 93% of BSN students passed the NCLEX-RN exam in 2023. Rasmussen offers various entry tracks for students at different academic stages, emphasizing evidence-based practices and real-world clinical settings.
American Public Education, Inc. has been named one of the 'World's Top EdTech Companies' for 2024 by TIME Magazine and Statista Inc. This recognition validates APEI's commitment to academic excellence. The company was selected from over 7,000 companies based on financial strength and industry impact. APEI offers online and campus-based post-secondary education services through its subsidiaries.
