American Public Stock Price, News & Analysis

American Public University System (APUS) and Policy Studies Organization (PSO) are co-hosting a free virtual conference on 'AI and the Future of Education' on August 1-2, 2024. The event will feature experts from Microsoft Education, MIT, and other organizations discussing AI's role in higher education. Topics include AI innovations, ethical challenges, and increasing access to AI through curriculum design. Notable speakers include Lori Glover from MIT's CSAIL, U.S. Rep. Dr. Jay Obernolte, and Dr. Michael J. Jabbour from Microsoft Education. The conference will also introduce 'Scholar Bot®', an AI-generated virtual concierge to assist attendees. This event aims to explore AI's transformative potential in education and reimagine future learning experiences.

Rasmussen University has integrated Hiration's AI-powered mock interview tool into its career services. This innovative tool offers students and alumni customized interview questions, real-time feedback, and enhanced interview techniques. Coupled with Hiration's AI resume builder and Handshake career management platform, this addition aims to improve job readiness and confidence. The tool uses ChatGPT to provide personalized feedback on communication skills, body language, and more. It allows for flexible practice without scheduling or geographic constraints. Rasmussen began collaborating with Hiration in 2021 and is among the first to adopt this new AI technology.

American Public University System (APUS) has announced the launch of TuitionWise, an education benefits program designed to help companies recruit, retain, and enhance the skills of their employees. TuitionWise aims to reduce the potential costs of student debt for eligible participants by offering the possibility of no out-of-pocket tuition costs when combined with employer tuition-assistance benefits. The program includes an APUS partner grant for U.S.-based organizations meeting minimum tuition assistance standards. According to APUS President Nuno Fernandes, the program targets companies dedicated to investing in their employees' education, making higher education more accessible through partner grants, no application fees, and no costs for undergraduate books and transfer credit evaluations. With more than 300 organizations as partners, APUS collaborates with various sectors, including associations, businesses, government agencies, and healthcare organizations, to create effective learning strategies.

American Public University System (APUS) has appointed Dr. Mary A. Papazian, the Executive Vice President at the Association of Governing Boards of Universities and Colleges (AGB), to its Board of Trustees. Dr. Papazian brings over 35 years of higher education experience, including presidencies at San Jose State University and Southern Connecticut State University. She is known for her strategic vision in leveraging emerging technologies like AI and advancing diversity, equity, and inclusion. Her leadership is expected to enhance APUS's educational offerings and extend its reach to diverse student populations, including military and public service communities.

American Public University System (APUS) is partnering with Home School Legal Defense Association (HSLDA) to offer tuition grants for HSLDA members and their families to earn degrees and certificates at American Public University (APU). The partnership allows nearly 100,000 HSLDA member families to access a 10% tuition grant for bachelor's and master's degrees. This initiative aims to make higher education more accessible, especially for those involved in home schooling. APUS offers a flexible, online education model with monthly class starts, making it suitable for home-schooled families. HSLDA, an advocacy organization founded over 40 years ago, provides resources and legal support to facilitate home schooling.

American Public Education (NASDAQ: APEI) announced its participation in two upcoming investor conferences. Management will attend the B. Riley Institutional Investor Conference on May 22-23 in Los Angeles, engaging in one-on-one meetings. Additionally, APEI will present at the William Blair Annual Growth Stock Conference on June 4 in Chicago at 1:40 pm ET, with a webcast available on the company's website. APEI serves over 125,000 students through its four subsidiary institutions, offering both online and campus-based education.

Rasmussen University has launched the Professional Achievement Grant for Saber Healthcare Group employees, providing up to 100% tuition assistance on advanced nursing degrees. This initiative, combined with Saber's tuition reimbursement program, helps qualified employees pursue RN to BSN and MSN degrees at no out-of-pocket cost. Additionally, a 20% corporate grant is available for other programs. The grant aims to address the workforce's evolving needs, enhance patient care, and support Saber's talent retention. Eligibility requires six months of full-time employment at Saber in a leadership role.

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.