American Public Education Reports Fourth Quarter and Full Year 2010 Results

American Public Education, Inc. APEI – parent company of online learning provider American Public University System (APUS), which operates through American Military University (AMU) and American Public University (APU) – announced financial results for the quarter and year ended December 31, 2010. Recent Highlights: * Net course registrations from new students in the fourth quarter of 2010 increased to approximately 16,500, an increase of approximately 20% over the same period of 2009. * Net course registrations increased to approximately 73,900 in the fourth quarter of 2010, a year-over-year increase of 27%. * As of December 31, 2010, a total of approximately 83,700 students were enrolled in American Public University System, a year-over-year increase of 31%. * American Public Education reported fourth quarter 2010 revenues increased 29% to $56.3 million, compared to $43.7 million in the fourth quarter of 2009. * Income from operations before interest income and income tax in the fourth quarter of 2010 increased 13% to $15.8 million, compared to $14.0 million in the same period of 2009. * Net income for the fourth quarter of 2010 increased 14% to $9.6 million or $0.52 per diluted share, compared to $8.4 million or $0.44 per diluted share in the same period of 2009. * American Public Education anticipates first quarter 2011 net course registrations from new students to increase approximately 27%; net course registrations to increase approximately 25%; revenues to increase approximately 20% over the prior year period; and net income to be between $0.43 and $0.45 per diluted share.