American Public Education, Inc. · NASDAQ:APEI

American Public Education — Q2 2019 Earnings Presentation

7 slides from American Public Education's earnings presentation, Aug 6, 2019

  1. Slide 1: Second Quarter 2019 Results

    Higher education Presented by that makes a Dr. Wallace Boston President and CEO Mr. Richard Sunderland, CPA difference. Executive VP and CFO Second Quarter 2019 Results August 6, 2019

  2. 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

  3. Slide 3: Recent Developments

    SECOND QUARTER 2019 Recent Developments • Investing in Core Online Business. The company is evaluating APUS NET COURSE REGISTRATIONS replacements or upgrades to its information technology and learning BY PRIMARY FUNDING SOURCE management systems, which is expected to lead to a larger overall THREE M

  4. Slide 4: Financial Results Summary

    SECOND QUARTER 2019 Financial Results Summary • Consolidated revenues decreased by 3% to $70.6 million, compared to $72.8 million in the same period of 2018. • Costs and Expenses: — Instructional costs & services expenses increased as a percentage of revenues to 40.7%, compared to 39.8% in the prior

  5. Slide 5: APEI Outlook

    APEI Outlook These statements are based on current expectations. These statements are forward-looking and actual results THIRD QUARTER 2019 may differ materially. Third Quarter 2019 Approximate Y/Y Change APUS Net course registrations1 by new students -17% to -12% APUS Net course registrations1 -10%

  6. Slide 6: Higher education that makes a difference

    Higher education that makes a difference Contact Chris Symanoskie, IRC Vice President, Investor Relations csymanoskie@apei.com

  7. Slide 7: Appendix: GAAP to Adjusted Net Income Per Share

    Appendix GAAP to Adjusted Net Income Per Share GAAP to Adjusted Net Income Reconciliation: The following table sets forth the reconciliation of the Company’s reported GAAP net income to the calculation of adjusted net income for the six months ended June 30, 2019 and 2018: (In thousands, except per

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