| Market Capitalization (Millions $) |
853 |
| Shares
Outstanding (Millions) |
19 |
| Employees |
5,841 |
| Revenues (TTM) (Millions $) |
668 |
| Net Income (TTM) (Millions $) |
46 |
| Cash Flow (TTM) (Millions $) |
44 |
| Capital Exp. (TTM) (Millions $) |
16 |
Business Description
American Public Education Inc. (APEI) is a publicly-traded, for-profit education company based in Charles Town, West Virginia. APEI specializes in online education, offering degree programs and courses primarily to military personnel and their families, as well as to civilian students seeking affordable and flexible higher education options.
History and Background:
The company was founded in 1991 by Dr. James P. Etter, a retired Marine Corps officer with a vision of providing high quality, accessible education to military service members. Originally known as American Military University (AMU), the institution began offering online courses in 1998, and was the first online university to be approved by the U.S. Department of Education.
In 2002, AMUes parent company, American Public University System (APUS), was established, and in 2007, the company went public, trading on the NASDAQ under the ticker symbol APEI.
In addition to AMU, APEI operates several other schools, including American Public University, Hondros College of Nursing, and National Education Seminars.
Academic Programs:
APEI offers over 200 academic programs at the undergraduate and graduate levels, with a focus on fields such as business, homeland security, information technology, public administration, and nursing. The majority of these programs are offered online, with some limited on-campus options available at certain locations.
One of the unique features of APEIes academic programs is the companyes partnership with industry organizations and professional associations, which allows students to earn credit for relevant work experience and certifications, as well as to stay current with developments in their fields.
Student Body and Demographics:
APEI serves a diverse student population, with a particular focus on military and veteran students. In fact, as of 2021, about one-third of the companyes total enrollment comes from military-affiliated students. The company prides itself on providing education access to students who might otherwise be unable to attend traditional, on-campus institutions due to geographic, time, or financial barriers.
Financials:
American Public Education Inc. is a publicly-traded company, meaning that it is owned by shareholders and its financial performance is subject to public reporting requirements. As of 2021, the company had a market capitalization of over $800 million and reported annual revenues of over $300 million.
Criticism:
Like many for-profit education companies, APEI has faced criticism over the years for a range of issues, including high student loan default rates, low graduation rates, and aggressive recruitment tactics. In 2013, the company paid $1.75 million to settle allegations by the Department of Justice that it had misled troops about the cost and quality of its programs.
Despite these challenges, APEI remains a significant player in the online education space, and has continued to grow and diversify its offerings over the years.
Company Address: 111 West Congress Street, Charles Town, 25414 WV
Company Phone Number: 724-3700 Stock Exchange / Ticker: NASDAQ APEI
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