American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q3 2019 Earnings Presentation
7 slides from American Public Education's earnings presentation, Nov 12, 2019
Slide 1: Third Quarter 2019 Results
Higher education Presented by: that makes a Angela Selden President and CEO difference. Richard Sunderland, CPA Executive VP and CFO Third Quarter 2019 Results November 12, 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements made in this presentation regarding American Public Education, Inc., or its subsidiaries, that are not historical facts are forward- looking statements based on current expectations, assumptions, estimates and projections about American Public Education, Inc. and the
Slide 3: Recent Developments
THIRD QUARTER2019 Recent Developments • APUS Net Course Registrations. The temporary exhaustion of Navy TA funds APUS NET COURSE REGISTRATIONS BY adversely impacted net course registrations during the period. PRIMARY FUNDING SOURCE THREE MONTHS ENDING SEPTEMBER 30, 2019 • Increasing the Number of Mi
Slide 4: Financial Results Summary
THIRD QUARTER2019 Financial Results Summary • Consolidated revenues decreased by 7% to $67.9 million, compared to $73.0 million in the same period of 2018. Three Months Ended Nine Months Ended • Net loss of $1.6 million, or $0.10 per diluted share, compared September 30, September 30, to net income
Slide 5: APEI Outlook
These statements are based on current expectations. APEI Outlook These statements are forward-looking and actual results FOURTH QUARTER 2019 may differ materially. Fourth Quarter 2019 Approximate Y/Y Change APUS Net course registrations1 by new students -1% to +3% APUS Net course registrations1 -2%
Slide 6: Contact
Higher education that makes a difference Contact Chris Symanoskie, IRC Vice President, Investor Relations csymanoskie@apei.com
Slide 7: Appendix: GAAP to Adjusted Net Income Reconciliation
Appendix GAAP to Adjusted Net Income Reconciliation The following table sets fourth the reconciliation of the Company’s reported GAAP net income to the calculation of adjusted net income for the three and nine months ended September 30, 2019 and 2018: (In thousands, except per share data) Nine Month
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