secwatch.observer — SEC 8-K summary
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Issuer:     ENTREPRENEUR UNIVERSE BRIGHT GROUP (EUBG)
CIK:        0001171326
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001213900-21-060906
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EUBG Q3 revenue down 50% to $1.62M; net income falls 89% to $207,551
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- Revenue $1.62M vs $3.25M YoY, down 50.1% on shift to KOL training and COVID-19 suspensions.
- Net income $207,551 vs $1.93M YoY, down 89.2%; gross margin 46.3% from 94.8%.
- Cost of revenue surged to $870,967 from $168,640 YoY due to agency fees and IT expenses.
- Cash and cash equivalents $7.72M as of Sep 30, 2021, up from $3.85M at Dec 31, 2020.
- Nine-month net income $1.30M vs $3.78M YoY, down 65.7%; revenue $4.48M vs $6.65M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171326/000121390021060906/0001213900-21-060906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171326/000121390021060906/ea151106-8k_entrepreneur.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-060906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer