secwatch.observer — SEC 8-K summary
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Issuer:     ENTREPRENEUR UNIVERSE BRIGHT GROUP (EUBG)
CIK:        0001171326
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001213900-22-027077
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171326/000121390022027077/0001213900-22-027077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171326/000121390022027077/ea160021-8k_entrepreneur.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-027077

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