Welcome to our dedicated page for American Public Education news (Ticker: APEI), a resource for investors and traders seeking the latest updates and insights on American Public Education stock.
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.
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.
American Public University System (APUS) will host the 2022 ResearchFest, a free virtual event from October 24-28. Themed 'Research for the Public Good', it will feature panels showcasing research across disciplines, emphasizing collaboration among scholars. Highlights include talks by faculty on various research topics and a Lightning Talk Competition for students. The conference aims to inspire scholarly work in critical areas like national security and public service. More details and access to presentations can be found on the official website.
Rasmussen University is set to host its sixth annual Virtual Career Fair on October 18 from 10 a.m. to 2 p.m. CDT, allowing participants to connect with up to 50 leading employers nationwide. The theme, “Rise to Your Next Level”, aims to combat underemployment, which affects 43% of workers in their initial jobs, leading to a potential $10,000 earnings gap. The event features expert-led webinars and encourages candidate-focused recruitment, promoting discussions about company culture and social responsibility.
Hondros College of Nursing has opened its eighth campus in the Detroit area to help address the critical nursing shortage in Michigan and the U.S. Enrollment is now open for the Practical Nursing program. Recent reports indicate a projected annual demand for nearly 59,000 licensed practical nurses through 2031. CEO Harry Wilkins emphasized the importance of this campus in training new nurses for vital healthcare roles. The college also offers Associate Degrees in Nursing at its six Ohio campuses and aims to support local healthcare employers.
On September 22, 2022, American Public Education, Inc. (Nasdaq: APEI) announced its financial guidance for the second half and full year of 2022. The company expects consolidated revenue between $600 million to $610 million and adjusted EBITDA between $53 million to $59 million. Additionally, pro forma adjusted EBITDA is estimated to be between $70 million to $76 million. The company emphasized that forward-looking statements regarding its financial performance should be approached with caution, as actual results may vary significantly.