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American Public Education Reports Fourth Quarter and Full Year 2024 Financial Results

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Net Income & Adjusted EBITDA Exceeded Guidance, Driven by Improvement in APUS, Rasmussen and Hondros College of Nursing Segments

CHARLES TOWN, W.Va., March 6, 2025 /PRNewswire/ — American Public Education, Inc. (Nasdaq: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions, has reported unaudited financial and operational results for the fourth quarter ended December 31, 2024.

Key Fourth Quarter 2024 Highlights

Consolidated revenue for Q4 2024 increased 7.4% year-over-year to $164.1 million.Net income available to common stockholders in Q4 2024 was $11.5 million, essentially in line with net income available to common stockholders of $11.5 million in Q4 2023.Net income per diluted common share in Q4 2024 was $0.63, compared to net income per diluted common share of $0.64 in Q4 2023.Q4 2024 Adjusted EBITDA was $31.4 million compared to $25.7 million in Q4 2023.

Key Q1 and Full Year 2025 Guidance Highlights

Q1 2025 enrollments at Rasmussen, which were known at the end of Q4, increased to 14,500, or 6.8% compared to Q1 2024.Establishing guidance for full year 2025 revenue of a range between $650 million and $660 million and Adjusted EBITDA between $75 million and $85 million.

Management Commentary

“We are very pleased with APEI’s full year 2024 results, with revenue growing 4% and Adjusted EBITDA growing 21% as compared to 2023,” said Angela Selden, President and Chief Executive Officer of APEI. “Additionally, in the fourth quarter of 2024, revenue, earnings per share and Adjusted EBITDA all exceeded the top end of our guidance.”

“As we look to 2025, we intend to simplify and strengthen both our military and healthcare divisions. As we close underperforming campuses, sell buildings and terminate several long-term contracts, we expect these changes to simplify our operating structure and improve our long-term financial results,” concluded Selden.

Fourth Quarter 2024 Financial Results

Total consolidated revenue for the three months ended December 31, 2024, was $164.1 million, an increase of $11.3 million, or 7.4%, compared to $152.8 million for the three months ended December 31, 2023. The increase in revenue was primarily due to a $4.9 million increase in revenue in our Rasmussen University (“RU”) Segment, a $3.2 million increase in our Hondros College of Nursing (“HCN”) Segment, and a $3.0 million increase in our American Public University System (“APUS”) Segment.Total costs and expenses for the three months ended December 31, 2024, were $142.6 million, an increase of $5.7 million, or 4.2%, compared to $136.9 million for the three months ended December 31, 2023. The increase in costs and expenses for the three months ended December 31, 2024 was primarily driven by increases in employee compensation costs and information technology costs, partially offset by a decrease in advertising expense and depreciation and amortization costs.Instructional costs and services expenses for the three months ended December 31, 2024, were $71.7 million, an increase of $0.9 million, or 1.3%, compared to $70.7 million for the three months ended December 31, 2023.Selling and promotional expenses for the three months ended December 31, 2024, were $29.1 million, an increase of $2.3 million, or 8.6%, compared to $26.8 million for the three months ended December 31, 2023.General and administrative expenses for the three months ended December 31, 2024, were $36.2 million, an increase of $4.9 million, or 15.6%, compared to $31.3 million for the three months ended December 31, 2023. The increase in general and administrative expenses is primarily due to increases in information technology costs and bad debt expense.Net income available to common stockholders was $11.5 million, or $0.63 per diluted common share for the three months ended December 31, 2024, compared to net income of $11.5 million, or $0.64 per diluted common share, for the three months ended December 31, 2023.Adjusted EBITDA was $31.4 million for the three months ended December 31, 2024, compared to $25.7 million for the three months ended December 31, 2023. Adjusted EBITDA excludes adjustment for stock compensation, loss on disposals of long-lived assets, loss on assets held for sale, and transition services costs.

Balance Sheet and Liquidity

Total cash, cash equivalents, and restricted cash were $158.9 million at December 31, 2024, compared to $144.3 million and December 31, 2023, representing an increase of $14.6 million, or 10.1%.

Registrations and Enrollment

Q4 2024

Q4 2023

% Change

American Public University System1

For the three months ended December 31,
  Net Course Registrations

97,100

90,700

7.1 %

Rasmussen University2

For the three months ended December 31,
  Total Student Enrollment

14,600

14,100

3.5 %

Hondros College of Nursing3

For the three months ended December 31,
  Total Student Enrollment

3,700

3,100

19.3 %

APUS Net Course Registrations represents the approximate aggregate number of courses for which students remain enrolled after the date by which they may drop a course without financial penalty. Excludes students in doctoral programs.RU Total Student Enrollment represents students in an active status as of the full-term census or billing date.HCN Total Student Enrollment represents the approximate number of students enrolled in a course after the date by which students may drop a course without financial penalty.

First Quarter and Full Year 2025 Outlook

The following statements are based on APEI’s current expectations. These statements are forward-looking and actual results may differ materially. APEI undertakes no obligation to update publicly any forward-looking statements for any reason unless required by law. Refer to APEI’s earnings conference call and presentation for further details.

First Quarter 2025 Guidance

(Approximate)

(% Yr/Yr Change)

APUS Net course registrations

100,500 to 102,000

1.5% to 3%

HCN Student enrollment

3,600

10 %

RU Student enrollment

14,500

7 %

 – On-ground Healthcare

6,500

3 %

 – Online

8,000

11 %

($ in millions except EPS)

APEI Consolidated revenue

$161.0 – $163.0

4% to 6%

APEI Net loss/income available to common stockholders

$1.7 – $3.1

n.a.

APEI Adjusted EBITDA

$13.5 – $15.5

(21%) to (9%)

APEI Diluted EPS

$0.09 – $0.17

n.a.

Full Year 2025 Guidance

(Approximate)

(% Yr/Yr Change)

($ in millions)

APEI Consolidated Revenue

$650 – $660

4% to 6%

APEI Net income available to common stockholders

$19 – $26

89% to 159%

APEI Adjusted EBITDA

 $75 – $85

4% to 18%

APEI Capital Expenditure (CapEx)

$18 – $22

(14%) to 4%

Non-GAAP Financial Measures

This press release contains the non-GAAP financial measures of EBITDA (earnings before interest, taxes, depreciation, and amortization) and adjusted EBITDA (EBITDA less non-cash expenses such as stock compensation and non-recurring expenses). APEI believes that the use of these measures is useful because they allow investors to better evaluate APEI’s operating profit and cash generation capabilities.

For the three months ended December 31, 2024 and 2023, adjusted EBITDA excludes impairment of goodwill and intangible assets, severance costs, loss on leases, stock compensation, loss on disposals of long-lived assets, and transition services costs.

These non-GAAP measures should not be considered in isolation or as an alternative to measures determined in accordance with generally accepted accounting principles in the United States (GAAP). The principal limitation of our non-GAAP measures is that they exclude expenses that are required by GAAP to be recorded. In addition, non-GAAP measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses are excluded.

APEI is presenting EBITDA and adjusted EBITDA in connection with its GAAP results and urges investors to review the reconciliation of EBITDA and adjusted EBITDA to the comparable GAAP financial measures that is included in the tables following this press release (under the captions “GAAP Net Income to Adjusted EBITDA,” and “GAAP Outlook Net Income to Outlook Adjusted EBITDA”) and not to rely on any single financial measure to evaluate its business.

About American Public Education

American Public Education, Inc. (Nasdaq: APEI), through its institutions American Public University System, Rasmussen University, Hondros College of Nursing, and Graduate School USA, provides education that transforms lives, advances careers, and improves communities.

APUS, which operates through American Military University and American Public University, is the leading educator to active-duty military and veteran students* and serves approximately 88,000 adult learners worldwide via accessible and affordable higher education.

Rasmussen University is a 125-year-old nursing and health sciences-focused institution that serves approximately 14,600 students across its 20 campuses in six states and online. It also has schools of Business, Technology, Design, Early Childhood Education and Justice Studies.

Hondros College of Nursing focuses on educating pre-licensure nursing students at eight campuses (six in Ohio, one in Indiana, and one in Michigan). It is the largest educator of PN (LPN) nurses in the state of Ohio** and serves approximately 3,700 total students.

Graduate School USA is a leading training provider to the federal workforce with an extensive portfolio of government agency customers. It serves the federal workforce through customized contract training (B2G) to federal agencies and through open enrollment (B2C) to government professionals.

Both APUS and Rasmussen University are institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education. Hondros is accredited by the Accrediting Bureau of Health Education Schools (ABHES). Graduate School USA is accredited by the Accrediting Council for Continuing Education & Training (ACCET). For additional information, visit www.apei.com. 

*Based on FY 2019 Department of Defense tuition assistance data, as reported by Military Times, and Veterans Administration student enrollment data as of 2023.

**Based on information compiled by the National Council of State Boards of Nursing and Ohio Board of Nursing.

Forward Looking Statements

Statements made in this press release regarding APEI or its subsidiaries that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about APEI and the industry. In some cases, forward-looking statements can be identified by words such as “anticipate,” “believe,” “seek,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would,” and similar words or their opposites. Forward-looking statements include, without limitation, statements regarding the Company’s future path, expected growth, registration, enrollments, revenues, net income, Adjusted EBITDA and EBITDA, capital expenditures, the growth and profitability of Rasmussen University and plans with respect to recent, current and future initiatives.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others, risks related to: APEI’s failure to comply with regulatory and accrediting agency requirements, including the “90/10 Rule”, and to maintain institutional accreditation and the impacts of any actions APEI may take to prevent or correct such failure; changes in the postsecondary education regulatory environment as a result of U.S. federal elections, including any changes by or as a result of actions of the current administration to the operations of the Department of Education or changes to or the elimination or implementation of laws, regulations, standards, policies, and practices; potential or actual government shutdowns; the impact, timing, and projected benefits of the planned combination of APUS, RU, and HCN into one consolidated institution; APEI’s dependence on the effectiveness of its ability to attract students who persist in its institutions’ programs; changing market demands;  declines in enrollments at APEI’s subsidiaries;; APEI’s inability to effectively market its institutions’ programs; APEI’s inability to maintain strong relationships with the military and maintain course registrations and enrollments from military students; the loss or disruption of APEI’s ability to receive funds under Title IV or tuition assistance programs or the reduction, elimination, or suspension of federal funds; adverse effects of changes APEI makes to improve the student experience and enhance the ability to identify and enroll students who are likely to succeed; APEI’s need to successfully adjust to future market demands by updating existing programs and developing new programs; APEI’s loss of eligibility to participate in Title IV programs or ability to process Title IV financial aid; economic and market conditions and changes in interest rates; difficulties involving acquisitions; APEI’s indebtedness and preferred stock, including the refinancing or redemption thereof; APEI’s dependence on and the need to continue to invest in its technology infrastructure, including with respect to third-party vendors; the inability to recognize the anticipated benefits of APEI’s cost savings and revenue generating efforts; APEI’s ability to manage and limit its exposure to bad debt; and the various risks described in the “Risk Factors” section and elsewhere in APEI’s Annual Report on Form 10-K for the year ended December 31, 2024, and in other filings with the SEC. You should not place undue reliance on any forward-looking statements. APEI undertakes no obligation to update publicly any forward-looking statements for any reason, unless required by law, even if new information becomes available or other events occur in the future.

Company Contact
Frank Tutalo
Director, Public Relations
American Public Education, Inc.
ftutalo@apei.com
571-358-3042

Investor Relations
Brian M. Prenoveau, CFA
MZ North America
Direct: 561-489-5315
APEI@mzgroup.us

American Public Education, Inc.

Consolidated Statement of Income

(In thousands, except per share data)

Three Months Ended

December 31,

2024

2023

(unaudited)

Revenue

$

164,110

$

152,804

Costs and expenses:

Instructional costs and services

71,661

70,747

Selling and promotional

29,057

26,750

General and administrative

36,228

31,332

Depreciation and amortization

3,863

5,081

Loss on assets held for sale

1,618

2,425

Loss on disposals of long-lived assets

148

537

   Total costs and expenses

142,575

136,872

Income from operations before

  interest and income taxes

21,535

15,932

Interest expense, net

(585)

(791)

Income before income taxes

20,950

15,141

Income tax expense

7,986

2,124

Equity investment loss

–

(3)

Net income

$

12,964

$

13,014

Preferred stock dividends

1,459

1,539

Net income available to common stockholders

$

11,505

$

11,475

Income per common share:

Basic

$

0.65

$

0.65

Diluted

$

0.63

$

0.64

Weighted average number of

   common shares:

Basic

17,686

17,762

Diluted

18,366

17,896

Three Months Ended

Segment Information:

December 31,

2024

2023

Revenue:

  APUS Segment

$

82,364

$

79,362

  RU Segment

$

57,489

$

52,575

  HCN Segment

$

18,941

$

15,789

  Corporate and other

$

5,316

$

5,078

Income (loss) from operations before

interest and income taxes:

  APUS Segment

$

27,279

$

26,463

  RU Segment

$

3,603

$

(2,867)

  HCN Segment

$

697

$

783

  Corporate and other

$

(10,044)

$

(8,447)

Twelve Months Ended

December 31,

2024

2023

(unaudited)

Revenue

$

624,559

$

600,545

Costs and expenses:

Instructional costs and services

295,703

292,862

Selling and promotional

128,810

132,955

General and administrative

141,961

128,239

Depreciation and amortization

19,303

27,816

Impairment of goodwill and intangible assets

–

64,000

Loss on assets held for sale

1,618

2,425

Loss on leases

3,715

–

Loss on disposals of long-lived assets

383

554

   Total costs and expenses

591,493

648,851

Income (loss) from operations before

interest and income taxes

33,066

(48,306)

Interest expense, net

(2,127)

(4,459)

Income (loss) before income taxes

30,939

(52,765)

Income tax expense (benefit)

10,419

(10,715)

Equity investment loss

(4,407)

(5,236)

Net income (loss)

$

16,113

$

(47,286)

Preferred stock dividends

6,056

6,008

Net loss available to common stockholders

$

10,057

$

(53,294)

Loss per common share:

Basic

$

0.57

$

(2.94)

Diluted

$

0.55

$

(2.93)

Weighted average number of

   common shares:

Basic

17,625

18,112

Diluted

18,149

18,193

Twelve Months Ended

Segment Information:

December 31,

2024

2023

Revenues:

  APUS Segment

$

317,049

$

303,303

  RU Segment

$

216,262

$

214,086

  HCN Segment

$

67,290

$

56,936

  Corporate and other

$

23,958

$

26,220

Income (loss) from operations before

interest and income taxes:

  APUS Segment

$

89,422

$

84,426

  RU Segment

$

(21,798)

$

(103,575)

  HCN Segment

$

(1,122)

$

(1,396)

  Corporate and other

$

(33,436)

$

(27,761)

 

GAAP Net Income to Adjusted EBITDA:

The following table sets forth the reconciliation of the Company’s reported GAAP net income to the calculation of adjusted EBITDA for the three and twelve months ended December 31, 2024 and 2023:

Three Months Ended

Twelve Months Ended

December 31,

December 31,

(in thousands, except per share data)

2024

2023

2024

2023

Net income (loss) available to common stockholders

$

11,505

$

11,475

$

10,057

$

(53,294)

Preferred dividends

1,459

1,539

6,056

6,008

Net income (loss)

$

12,964

$

13,014

$

16,113

$

(47,286)

Income tax expense (benefit)

7,986

2,124

10,419

(10,715)

Interest expense, net

585

791

2,127

4,459

Equity investment loss

–

3

4,407

5,236

Depreciation and amortization

3,863

5,081

19,303

27,816

EBITDA

25,398

21,013

52,369

(20,490)

Impairment of goodwill and intangible assets

–

–

–

64,000

Severance costs

–

–

530

2,959

Loss on assets held for sale

1,618

2,425

1,618

2,425

Loss on leases

–

–

3,715

–

Other professional fees

1,404

–

2,217

–

Stock compensation

2,166

1,715

7,668

7,740

Loss on disposals of long-lived assets

148

537

383

554

Transition services costs

659

–

3,798

2,403

Adjusted EBITDA

$

31,393

$

25,690

$

72,298

$

59,591

 

GAAP Outlook Net Income to Outlook Adjusted EBITDA:

The following table sets forth the reconciliation of the Company’s outlook GAAP net income to the calculation of outlook adjusted EBITDA for the three and twelve months ending December 31, 2024:

Three Months Ending

Twelve Months Ending

March 31, 2025

December 31, 2025

(in thousands, except per share data)

Low

High

Low

High

Net income available to common stockholders

$

1,696

$

3,096

$

18,638

$

25,638

Preferred dividends

1,535

1,535

6,085

6,085

Net Income

3,231

4,631

24,723

31,723

Income tax expense

1,385

1,985

10,595

13,595

Interest expense, net

1,366

1,366

8,332

8,332

Loss on minority investment

–

–

–

–

Depreciation and amortization

4,131

4,131

18,124

18,124

EBITDA

10,113

12,113

61,774

71,774

Stock compensation

1,902

1,902

7,349

7,349

Professional Fees

1,465

1,465

5,077

5,077

Other – loss on lease/assets/disposals

20

20

20

20

IT Transition services cost

–

–

781

781

Adjusted EBITDA

$

13,500

$

15,500

$

75,000

$

85,000

 EPS 

$         0.09

$         0.17

$         1.00

$         1.38

 

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SOURCE American Public Education, Inc.

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Delixi Electric at the 140th Canton Fair Expanding Solutions Strengthening Global Partnerships

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GUANGZHOU, China, Oct. 26, 2026 /PRNewswire/ — The 140th China Import and Export Fair, widely known as the Canton Fair, opened in Guangzhou on October 15, 2026, marking the event’s 70th anniversary. Delixi Electric returned with an expanded portfolio spanning power distribution, industrial control, home electrical products and tools, while inviting distributors and business partners worldwide to explore new opportunities for cooperation.

Under the brand philosophy “Making it happen,” the company presented products for industrial, commercial and residential applications. The display was designed to give international customers more choice and help channel partners broaden their offerings.

A key highlight was the official Canton Fair debut of Delixi Electric’s tool portfolio. Presented under the theme “The right tool for every task,” the range covers hand tools, power tools and measuring tools. A dedicated trial area allowed visitors to experience the products firsthand.

Among Delixi Electric’s industrial offerings, the H500 Series high-performance vector drive and CDC8 Series AC contactor were key highlights. Winner of the 2025 iF Design Award and a CIIF industrial automation award, the H500 targets mid- to high-end drive applications, while the CDC8 supports reliable control in demanding equipment-manufacturing environments. The wider display also featured wall switches, multi-standard sockets and adapters, and power distribution products.

Qi Wenjie, General Manager of Delixi Electric’s Overseas Business Division, said:

“For many years, the Canton Fair has been an important platform for us to understand how market needs are evolving and to engage closely with customers and partners from around the world. As the Fair marks its 70th anniversary, we are pleased to meet global customers and partners here once again.”

“For Delixi Electric, participating in the Canton Fair is about more than presenting individual products. It is also an opportunity to better understand local needs, demonstrate our broader capabilities in power distribution, and explore long-term value together with our customers and partners.”

Since its Canton Fair debut in 2023, Delixi Electric has participated for four consecutive years. Its business network now covers more than 80 countries and regions.

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SSI SCHAEFER’s Four-Way Pallet Roaming Shuttle Is Expanding Warehouse Design Possibilities

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SEOUL, South Korea, Oct. 26, 2026 /PRNewswire/ — For warehouse operators in South Korea, warehouse design is increasingly shaped by competing demands: making better use of available space, managing labor constraints and maintaining reliable operations without committing to automation that exceeds business needs.

The challenge is not simply to store more pallets, but to determine how storage capacity can be configured around the inventory characteristics and the movement the operation actually requires.

Rethinking the use of warehouse space

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Matching movement capability to operational needs

The significance of four-way movement lies in the flexibility it introduces into storage design. This can be particularly relevant to manufacturing operations storing raw materials or finished goods, food and beverage distribution, and temperature-controlled warehouses where storage conditions and space utilisation are crucial design considerations.

The shuttle supports payloads of up to 3000 kg and uses RFID and photoelectric positioning, with a specified positioning accuracy of ±5 mm. Operating at a maximum aislewise speed of 1.5 m/s when loaded and 1.6 m/s when unloaded, it provides a technical basis for evaluating its suitability against a warehouse’s storage and movement requirement.

Automation solving the right challenges, at the right time

For South Korean warehouse operators facing a rapidly aging population and labor constraints, the question is whether automating pallet storage and movement will address a meaningful operational need. Suited to medium-to-low SKU ranges and lower-throughput applications, the SSI Pallet Roaming Shuttle is worth considering where frequent retrievals and reduced reliance on repetitive manual handling are priorities, rather than high-volume pallet retrieval.

“The value of warehouse automation lies in how well a system fits the operation it is designed to serve. More automation does not automatically mean a better warehouse.

The real measure of an effective solution is how well its storage density, retrieval capability and throughput match the operation’s needs. Investing in capacity or performance that the business cannot fully utilise—or sacrificing retrieval flexibility for density—misses the point of warehouse automation,” said Jeon Jae Beom, Head of Sales, SSI Schaefer Korea.

For South Korean businesses balancing space, labor and investment pressures, the key is to select systems according to its intended role in the wider operation, not on the assumption that greater automation will resolve every capacity or productivity challenge.

For more information, visit www.ssi-schaefer.com/ko-kr.

About SSI SCHAEFER

The SSI SCHAEFER Group is a leading global solution provider for all areas of intralogistics. With innovative technologies and software, the company empowers small to medium-sized enterprises as well as large companies to increase the efficiency and sustainability of their storage, picking, and transport processes. SSI SCHAEFER offers complete solutions ranging from fully automated warehouses with tailored service and maintenance packages to robotics and automated guided vehicles, as well as manual and semi-automated systems such as workstations, racks and containers.

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SOURCE SSI Schaefer Korea

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The 72V Power Beast, Ready for Every Trail

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Smart Control. Your Ride, Your Way.

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The Heybike V1 Pro combines performance with multiple safety-focused features. Its 220 mm front and 190 mm rear hydraulic disc brakes provide stopping power, while regenerative braking adds another layer of deceleration control.

A magnetic emergency kill switch is designed to cut power if the rider falls or steps away from the bike. A throttle-reset safety mechanism prevents power delivery until the throttle has returned to its reset position.

The Heybike V1 Pro features a UL 2849-certified battery system and an IPX6 waterproof rating, offering added protection for outdoor riding in changing weather conditions.

Together, these features complement the V1 Pro’s performance-focused design with added control and protection for off-road riding.

Wheelie Boost Assist: Unleash Your Wild Side

Experience wheelies like never before. With just a single mode control, Wheelie Boost™ lifts the front wheel to a fixed angle, safely turning a complex trick into an exciting riding experience. Less effort, more wild — unleash your bigger attitude and take your V1 Pro ride to the next level.

Bring the Family Together. Conquer Every Terrain.

More than an off-road ride, the Heybike V1 Pro opens the door to shared outdoor adventures and memorable family moments. Designed to bring riders together, it makes weekend trail rides and outdoor exploration opportunities for parents and teens to connect, build confidence, and discover new terrain side by side.

From family outings to challenging off-road adventures, the V1 Pro brings power, excitement, and the freedom to explore together.

A Step Up From the Original Heybike V1

Launched in the first half of 2026, the Heybike V1 quickly gained popularity among teens across the United States. Building on that success, the V1 Pro takes off-road performance to the next level with nearly 100% more peak power, 43.8% greater battery capacity, 11% higher top speed, 20% more range, and a 50% higher maximum climbing angle.

Beyond raw power, the V1 Pro delivers 31.5% more wheel torque and 14.5% greater ground clearance, along with stronger front and rear suspension system for a smoother ride. Its larger 17-inch front and 14-inch rear Big Foot tires further enhance off-road control and rear traction, while the full-size frame is designed to accommodate a broader range of riders.

Make Their Next Ride Unforgettable

The Heybike V1 Pro is available now for $1,999 (MSRP $2,199). Customers can also receive a limited-quantity launch gift box with their purchase, while supplies last. 

More riding challenges, giveaways, and community activities are on the way. Stay tuned for more ways to ride, connect, and share the adventure.

Shop the Heybike V1 Pro on its official website.

About Heybike

Heybike is a leading global e-bike brand making joy easy to reach for every age and every terrain, from city commutes to off-road adventures, blending accessible innovation, safety-first engineering, and design that connects. Every ride connects you to a worldwide community — to your family, to your city, and to the simple joy of moving. Learn more on Heybike’s official website.

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SOURCE Heybike

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