American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q1 2019 Earnings Presentation
7 slides from American Public Education's earnings presentation, May 7, 2019
Slide 1: First Quarter 2019 Results
First Quarter 201 9 Results May 7 , 2019 Presented by Dr. Wallace Boston President and CEO Mr. Richard Sunderland, CPA Executive VP and CFO H i g h er e d u c a t i on that makes a d i f f e r e n c e .
Slide 2: 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 industry. These for
Slide 3: Recent Results & Developments
Recent Results & Developments • For the three months ended March 31, 201 9 , APUS net course registra tions by new students increased by 8% and net course registrations in creased 1%, compared to the prior year period. — Although net course registrations by new students utilizing Federal Student Aid
Slide 4: Financial Results Summary First Quarter 2019
Financial Results Summary FIRST QUARTER 2019 • Consolidated revenues decreased by 2 % to $ 7 3.4 million, compared to $ 7 5.0 million in the same period of 201 8 . APEI Segment revenue was $65.7 million or approximately flat compared to the first quarter of 2018. • Costs and Expenses: — Instructiona
Slide 5: APEI Outlook Second Quarter 2019
APEI Outlook SECOND QUARTER 2019 Second Quarter 2019 Approximate Y/Y Change APUS Net course registrations 1 by new students - 4 % to +1% APUS Net course registrations 1 - 3 % to +2% HCN Student enrollment 2 - 24 % HCN N e w s t udent enro ll men t 2 - 3 5 % APEI Consolidated revenue - 6 % to - 2 % A
Slide 6: We Change Lives Through Higher Education
We Change Lives Through Higher Education C o n t a c t Chris Symanoskie, IRC Vice President, Investor Relations c s y ma nos ki e @ a pe i . c o m
Slide 7: GAAP to Adjusted Net Income Per Share
Appendix GAAP to Adjusted Net Income Per Share 6 First Quarter 201 9 Results | May 7 , 2019 GAAP to Adjusted Net Income Reconciliation: Net income: $ 1,011 $ 0.06 $ 4,589 $ 0.28 Add adjustments: Impairment of goodwill 5,855 0.35 — — Tax effect of the non-GAAP adjustment (1,615) (0.10) — — Adjusted n
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