Company profile

Ticker
APEI
Exchange
CEO
Angela Selden
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
10724376

APEI stock data

(
)

Calendar

12 Nov 19
7 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 67.89M 70.56M 73.44M 76.93M
Net income -1.64M 4.92M 1.01M 9.09M
Diluted EPS -0.1 0.3 0.06 0.55
Net profit margin -2.41% 6.97% 1.38% 11.82%
Operating income -2.91M 5.68M 1.38M 11.43M
Net change in cash -10.73M 4.91M 3.8M 14.54M
Cash on hand 210.1M 220.83M 215.93M 212.13M
Cost of revenue 27.27M 28.73M 27.92M 28.44M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 297.69M 299.25M 313.14M 327.91M
Net income 25.64M 21.12M 24.16M 32.41M
Diluted EPS 1.54 1.29 1.49 1.93
Net profit margin 8.61% 7.06% 7.71% 9.89%
Operating income 32.53M 34.86M 38.28M 52.28M
Net change in cash 32.93M 32.85M 40.62M -9.9M
Cash on hand 212.13M 179.21M 146.35M 105.73M
Cost of revenue 115.28M 116.16M 117.01M

Financial data from company earnings reports

Financial report summary

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Competition
Imagin MolecularPhoenix
Risks
  • ED rules now in effect and subsequent rules that take effect July 1, 2020, each setting forth new standards and procedures related to borrower defense-to-repayment claims, and requirements related to dispute resolution, may create significant liability that could have a material adverse effect on our business.
  • A failure to demonstrate “financial responsibility” may result in the loss of eligibility by one of our institutions to participate in Title IV programs or require the posting of a letter of credit in order to maintain eligibility to participate in Title IV programs.
  • ED has proposed regulations setting forth new standards and procedures related to institutional eligibility to participate in Title IV and ED’s recognition of accrediting agencies. While the scope of the final regulations remains unclear, the failure of our institutions or their accrediting agencies to comply with any final regulations could affect our institutions’ eligibility to participate in Title IV programs.
  • Our institutions’ failure to comply with ED’s regulations related to state authorization or regulations of various states, could result in actions that would have a material adverse effect on our enrollments, revenue, and results of operations.
  • DoD tuition assistance programs offered to service members of the U.S. Armed Forces constituted approximately 37% of APUS’s adjusted net course registrations for 2018, and our revenue and number of students would decrease if APUS is no longer able to receive funds under these tuition assistance programs or if tuition assistance is modified, reduced, eliminated, or suspended.
  • HCN recently changed accrediting bodies and must satisfy accreditation standards, including specific student achievement indicators, with which it has not historically had to comply, and with which certain HCN programs must come into compliance by a date set by its accrediting body.
  • If we are unable to attract and retain management, faculty, administrators, and skilled personnel, our business and growth prospects could be severely harmed, and changes in management could cause disruption and uncertainty.
Management Discussion
  • Below we have included a discussion of our operating results and material changes in our operating results during the three and nine months ended September 30, 2019 compared to the three and nine months ended September 30, 2018. Our revenue and operating results normally fluctuate as a result of seasonal or other variations in our enrollments and the level of expenses in our APEI and HCN Segments. Our student population varies as a result of new enrollments, graduations, student attrition, the success of our marketing programs, and other reasons that we cannot always anticipate. We expect quarterly fluctuations in operating results to continue as a result of various enrollment patterns and changes in expenses.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: acquire, assessment, commenced, qualitative