American Public Education, Inc. (APEI) – parent company of online learning provider American Public University System (APUS) and campus-based Hondros College of Nursing (HCN) – announced financial results for the quarter and year ended December 31, 2017.

Selected Financial Data:

- Fourth quarter 2017 consolidated revenue decreased 1% to $78.1 million, compared to $78.6 million in the same period of 2016.

- Net income for the fourth quarter of 2017 increased to $8.4 million, or $0.51 per diluted share, compared to net income of $6.9 million, or $0.42 per diluted share, in the same period of 2016.

Registrations and Enrollment:

- Net course registrations at APUS decreased approximately 3% in the fourth quarter of 2017, compared to the prior year period. Net course registrations by returning students decreased approximately 3% year-over-year and net course registrations by new students decreased approximately 4% year-over-year in the fourth quarter of 2017.¹

- APUS student enrollment decreased 6% year-over-year to approximately 83,400 students as of December 31, 2017.²

- For the three months ended December 31, 2017, new student enrollment at HCN increased by approximately 29% year-over-year and total student enrollment increased by 23% to approximately 2,110 students.³

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