American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q1 2008 Earnings Presentation
9 slides from American Public Education's earnings presentation, May 2, 2008
Slide 1: First Quarter 2008 Earnings Conference Call
1 Proprietary - Not for duplication First Quarter 2008 Earnings Conference Call May 2, 2008
Slide 2: Safe Harbor Statement
2 Statements made in this presentation regarding American Public Education, or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industry. These forward-looking
Slide 3: Recent Highlights
3 Company reported first quarter 2008 earnings of $0.18 per diluted share Operating margins increased to 23.5% in first quarter of 2008, compared to 19.1% in first quarter of 2007 Full Year 2008 Earnings Outlook increased AMU signed Memorandum of Understanding (MOU) with the U.S. Navy finalizing acc
Slide 4: 1Q2008 Financial Results
4 1Q2008 Financial Results ($ in thousands, except per share data and registrations) Includes pretax stock-based compensation expense of $377,000 in 2008 and $502,000 in 2007. Includes after-tax stock-based compensation expense of $249,000 or $0.01 per diluted share in 2008 and $375,000 or $0.03 per
Slide 5: 1Q2008 Operating Margin Improvement
5 1Q2008 Operating Margin Improvement
Slide 6: Second Quarter 2008 Outlook
6 2nd Quarter 2008 % Growth Net Course Registrations approx. 32,000 53% Net Course Registrations from New Students approx. 7,600 38% Total Revenue $23.8 to $24.5 million 46%-50% Net Income (1) $2.6 to $2.9 million 30%-45% EPS – Diluted (1) $0.14 to $0.15 (1) Includes stock-based compensation expense
Slide 7: Increased Full Year 2008 Outlook
7 Prior FY 2008 Updated FY 2008 Net Course Registrations 137,000+ 139,000+ Net Course Registrations from New Students 33,500+ 33,500+ Total Revenue $100 to $103 million $102 to $104 million Net Income (1) $11.9 to $12.5 million $12.8 to $13.6 million EPS – Diluted (1) $0.63 to $0.66 $0.67 to $0.72 D
Slide 8: Closing Remarks – Positioned for Strong Growth in 2008 and Beyond
8 Closing Remarks –Positioned for Strong Growth in 2008 and Beyond Expanding in civilian markets Title IV registrations increased 166% to 4,000 in 1Q2008, compared to 1Q2007 Continued success in military market AMU signed Memorandum of Understanding (MOU) with Navy AMU signed MOU with Marine Corps’
Slide 9: www.AmericanPublicEducation.com
9 Proprietary - Not for duplication www.AmericanPublicEducation.com
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