Thread regarding American Public University System layoffs

Enrollment flat or down...but profits up?

How is APUS making more profits as their enrollment stays flat or declines?

"As of September 30, 2018, APUS student enrollment increased 1.4% to 82,200 students, compared to the second quarter of 2018. APUS student enrollment decreased by approximately 3%, compared to the prior year."

https://seekingalpha.com/pr/17324638-american-public-education-reports-third-quarter-2018-results

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Here's the slideshow.

https://seekingalpha.com/article/4219287-american-public-education-inc-2018-q3-results-earnings-call-slides

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