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American Public Education, Inc. reports developments across its online and campus-based postsecondary education institutions, including American Public University System, Rasmussen University and Hondros College of Nursing. The company operates through APU Global, which serves military, veteran, extended military-family and public-service communities through American Military University and American Public University, and RU Health+, which focuses on nursing and health sciences education through campus and online programs.
Recurring news includes quarterly and annual financial results, enrollment and course-registration updates, nursing program launches, education-technology platform changes, tuition partnerships, academic recognition programs and regulatory developments affecting program growth or student funding.
American Public Education, Inc. (NASDAQ: APEI) will announce its fourth quarter and full year 2022 financial results on March 14, 2023, following the closure of U.S. markets. A live earnings conference call will be held at 5:00 p.m. Eastern on the same day, accessible via the company's investor relations website. A replay will be available two hours after the call and can be accessed for six months. APEI provides education through institutions such as American Public University System and Rasmussen University, serving approximately 88,000 adult learners worldwide.
The American Public University System (APUS) has received specialized accreditation for its Bachelor's and Master's programs in Sports Management from the Commission on Sport Management Accreditation (COSMA). This recognition places APUS among 35 universities worldwide and validates its commitment to high-quality sports education until February 2030. Dr. Brittany Jacobs, Chair of the Sports Management & Esports Department, emphasized that this accreditation prepares students to impact the sports industry significantly. COSMA's accreditation is vital for promoting excellence in sport management education.
Rasmussen University appointed John Lock as its new President, set to start on April 17. With extensive experience in healthcare and education, Lock aims to enhance career-focused programs, especially in nursing. He previously held roles at MedStar Health and Kaplan, Inc., leading significant transformations. The University, noted for its commitment to underserved populations, educates over 17,000 students across 22 campuses and offers a range of healthcare education programs. The Board thanked Acting President Javier Miyares for his leadership during the transition.
Graduate School USA (GSUSA) has appointed J.R. "Pepe" Carreras as its new President, effective January 18, 2023. Carreras brings over 30 years of experience in global customer success and marketing, with 15 years focused on education solutions. He previously held leadership roles at National Student Clearinghouse and College Board, where he significantly increased revenue and student engagement. APEI President Angela Selden expressed confidence in Carreras' ability to advance GSUSA’s strategic growth plan, particularly in workforce development. Steve Somers, who acted as President after GSUSA's acquisition, will now serve as Executive Advisor.
Graduate School USA (GSUSA) announced the appointment of J.R. "Pepe" Carreras as its new President on January 18, 2023. With over 30 years of expertise in global customer success and education solutions, Carreras aims to advance GSUSA's mission in workforce development. Previously, he served as Vice President of Education Solutions at National Student Clearinghouse and held a leadership position at the College Board, where he significantly increased revenue and student engagement. Carreras succeeds Steve Somers, who acted as President following GSUSA's acquisition. GSUSA is a subsidiary of American Public Education, Inc. (Nasdaq: APEI).
Rasmussen University has announced the relocation and expansion of its Topeka, Kansas campus, moving to a new site at 3712 Southwest Burlingame Road. The new facility will boast advanced lab facilities, including a nursing skills laboratory with simulation rooms and high-tech classrooms. This transition aims to provide a more innovative learning environment in conjunction with the university's 10th anniversary in Topeka. Classes will continue at the current location until the new campus opens in spring 2023, enhancing the educational experience for students across various career-focused programs.
Rasmussen University announced the launch of three Post-Graduate Nursing Certificates aimed at enhancing specialization for nurses holding MSN or DNP degrees. These certificates, priced under $5,000, can be completed in as little as six months. The new programs focus on Nursing Leadership and Administration, Nursing Education, and Healthcare Technology, Simulation and Informatics. With a rising demand for nurse educators and tech-savvy practitioners, these certificates provide an accessible pathway for experienced nurses to expand their skills and career opportunities.
American Public Education, Inc. (APEI) reported a 52% increase in consolidated revenue to $149.5 million for Q3 2022, up from $98.2 million in Q3 2021. This growth was driven by the inclusion of Rasmussen University and Graduate School USA revenues. However, the company reported a net loss of $3.8 million, a significant increase from a $0.3 million loss in the prior year. Total cash and cash equivalents rose 24% to $185.5 million. The transition to ArmyIgnitED 2.0 has impacted accounts receivable, with $13.8 million outstanding from the Army, raising concerns over cash flow.
American Public Education, Inc. (NASDAQ: APEI) will announce its third-quarter 2022 results after U.S. markets close on November 8, 2022. A live webcast of the earnings conference call is scheduled for 5:00 p.m. Eastern on the same day, accessible via their investor relations website. A replay will be available for six months post-call. APEI, which includes institutions like the American Public University System and Rasmussen University, focuses on providing career-oriented higher education to adult learners, military personnel, and nursing students.
Rasmussen University is hosting its 12th Annual Women’s Leadership Breakfast on October 28 at 8:00 a.m. Central, focusing on the theme “Feel Strongly. Lead Wisely.” The event, featuring diversity expert Bettina Straight, will emphasize empathy's role in professional success. Attendees can join virtually or at local viewing parties across Florida, Illinois, and Minnesota. This year’s event coincides with “Rasmussen Gives Back,” promoting community service and volunteerism. The initiative aims to empower women and foster leadership.