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.
American Public University System (APUS) and the Policy Studies Organization (PSO) will host the third annual Space Education and Strategic Applications Conference (SESA) on September 22-23, 2022. This virtual event is free and open to the public for online registration. Keynote speakers include astronaut Mike Mullane and Carl Starr, a James Webb telescope expert, focusing on future space exploration. The event will facilitate discussions on military and commercial space issues, featuring diverse panels and topics including space ethics, commercialization, and education.
American Public Education System (APUS) has received reaccreditation from the Council on Education for Public Health (CEPH) for its Master of Public Health program for an additional seven years, extending through December 31, 2029. This program, which first achieved accreditation in 2017, has graduated over 900 students and focuses on training public health practitioners through a comprehensive curriculum. APUS continues to emphasize student support and practical learning experiences.
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Nuno Fernandes has officially become the fifth president of American Public University System (APUS) as of September 1, 2022. He aims to enhance the institution's mission of providing affordable and accessible higher education to adult learners. With a strong history at Ilumno, Latin America's largest online program manager, Fernandes improved student retention and satisfaction. Under his leadership, APUS, which serves approximately 86,600 adult learners and offers over 200 programs, looks forward to expanding its online education reach.
Graduate School USA will feature Phyllis Fong, Inspector General of the USDA, on the August 29 broadcast of The Search for Accountability at 2:00 p.m. ET. The discussion, hosted by Michael Binder, will focus on accountability in food safety, agricultural research, and rural development. Fong has served as the USDA IG since December 2002, overseeing audits and investigations to ensure governmental integrity. The program airs on Federal News Network, part of a collaboration aimed at enhancing government accountability.
On August 19, 2022, Christi A. Grimm, Inspector General of HHS, will be the guest on 'The Search for Accountability' broadcast on Federal News Network, discussing healthcare oversight challenges. The program, hosted by Michael Binder, aims to explore accountability in HHS amidst COVID-19. Grimm brings two decades of experience in health program oversight and aims to enhance public trust in government operations. Graduate School USA, a subsidiary of American Public Education, Inc. (APEI), partners in this initiative, which provides training for federal workforce professionals.
American Public Education reported a significant 92% revenue increase year-over-year to $149.6 million for Q2 2022. The company recorded a net loss of $110 million, primarily due to a non-cash impairment charge of $144.9 million related to its Rasmussen University segment. Adjusted EBITDA grew by 47% to $14.5 million. As of June 30, 2022, total cash and cash equivalents were approximately $184.5 million, up 23.3% from the previous year. Student enrollment trends showed a slight decline in Rasmussen University but modest increases in other segments.
American Public University System (APUS) announces the appointment of Nuno Fernandes as its new president, effective September 1, 2022. Fernandes, previously President and CEO of Latin America's largest online program manager, Ilumno, has a strong track record in improving student outcomes and expanding access to education. He aims to enhance APUS's value proposition and growth in the U.S. market. The announcement follows the tenure of Acting President Dr. Kate Zatz, who served since November 2021.
American Public Education, Inc. (Nasdaq: APEI) has appointed Craig MacGibbon as its new Executive Vice President and Chief Information Officer effective immediately. MacGibbon, with nearly 30 years of experience in technology management, previously held the role of delegate Chief Technology Officer at APEI. He is tasked with leading key IT initiatives across various educational units including American Public University System and Rasmussen University. CEO Angela Selden expressed confidence in MacGibbon's ability to drive growth and transformation.
American Public Education, Inc. (NASDAQ: APEI) will announce its second quarter 2022 results on August 9, 2022, after U.S. markets close. A live webcast of the earnings call is scheduled for 5:00 p.m. Eastern on the same day, available through the company's investor relations webpage. A replay will be accessible approximately two hours post-call for six months. The company is known for its focus on career-centered education, notably serving military and veteran students through institutions like American Public University System and Rasmussen University.