Total cash, cash equivalents, restricted cash and short-term investments rose 26.2% to $222.8 million at June 30.
Segment revenue growth
Health+ revenue rose 11% to $86.2 million.
Military+ increased 4.7% to $85.5 million.
Quarterly results improve
American Public Education posted Q2 revenue up 5.5% to $171.7 million; net income available to common stockholders swung to $9.8 million.
Diluted EPS turned to $0.52; adjusted EBITDA climbed 36.8% to $20.7 million under GAAP.
Institution combination completed
Completed the combination of American Public University System, Rasmussen University, and Hondros College of Nursing into one HLC-accredited institution named American Public University System.
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