American Public Education Corrects and Updates First Quarter 2023 Guidance; Announces First Quarter 2023 Results Conference Call Date

About this update from American Public Education, Inc.

[{"type":"text","content":"CHARLES TOWN, W.Va., April 12, 2023 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) (the \"Company\" or \"APEI\") today announced the following first quarter 2023 information:\n\n \n \n \n \n \n \n\n \n1Q23 Revenue Guidance Correction:\nThe Company is correcting its previously issued first quarter 2023 consolidated revenue guidance, which when originally issued on March 14, 2023 reflected a clerical error. The first quarter 2023 consolidated revenue guidance range should have been $148.1 million to $150.1 million, compared to the previously issued range of $155.1 million to $157.1 million. The error did not impact other forecast amounts.\nPreliminary 1Q23 Outlook Update\nThe Company expects to exceed the high-end of its first quarter 2023 guidance range for Adjusted EBITDA of $2.4 million to $4.1 million. The Company also expects to be near the high-end of its corrected consolidated revenue range of $148.1 million to $150.1 million for the first quarter of 2023.\n1Q23 Conference Call Announcement\nAPEI plans to release first quarter 2023 results after the close of U.S. financial markets on May 9, 2023.\nThe live webcast of the earnings conference call will be broadcast at 5:00 p.m. Eastern on Tuesday, May 9, 2023. This call will be open to listeners through the events and presentations section of the Company's investor relations website, www.apei.com.\nA replay of the live webcast will also be available starting approximately two hours after the conclusion of the live conference call. The replay will be archived and available to listeners for approximately six months.\nAudio Webcast Registration\nDisclosures Regarding Preliminary Expectations\nThe expectations for the first quarter of 2023 are preliminary based on information available to management as of the date of this release and are subject to further change upon completion of standard quarter-end closing procedures. These results do not present all necessary information for an understanding of the Company's financial condition as of the date of this release, or its results of operations for the first quarter. As the Company completes its quarter-end financial close process and finalizes its financial statements for the quarter, it will be required to make judgments in a number of areas. It is possible that the Company may identify items that require it to ad...

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