EUBG Q1 2022 revenue down 39% YoY to $1.2M; net income falls 60% to $391K

ENTREPRENEUR UNIVERSE BRIGHT GROUP

2022-Q1 EPS reported $1701181423.00 revenue$1,209,004

Revenue of $1,209,004 for Q1 2022 vs $1,983,860 in Q1 2021, a decrease of 39.1%.
Net income of $391,173, down 59.5% from $966,636 in prior year quarter.
Gross profit fell to $896,525 from $1,764,539 due to lower consultancy revenue.
New digital training services generated $278,573 in revenue but only partially offset declines.
Xi'an city lockdown from Dec 2021 to Jan 2022 disrupted operations and customer demand.

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