8-K
filed November 14, 2022, 6:59 PM ET
ticker EUBG
CIK 0001171326
earnings
confidence high
sentiment negative
materiality 0.65
EUBG reports Q3 revenue down 50.6% YoY; net loss of $31,999 vs net income of $207,551
ENTREPRENEUR UNIVERSE BRIGHT GROUP
2022-Q3 EPS reported
$0.00
revenue$2,851,656
- Q3 revenue $801,784, down 50.6% from $1,622,471; gross profit $661,775, down 11.9%.
- Net loss of $31,999 in Q3 vs net income $207,551 in prior-year quarter.
- Nine-month revenue $2,851,656 (-36.3%); net income $625,024 (-51.8% vs $1,296,228).
- COVID-19 disruptions in China continue to adversely affect consultancy services and customer demand.
- New digital training and live streaming client revenue only partly offset the decline; Jade Bird services remain suspended.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ENTREPRENEUR UNIVERSE BRIGHT GROUP reported the nine months ended September 30, 2022 results: revenue $2,851,656, net income $625,024.
- Period
- the nine months ended September 30, 2022
- Revenue
- $2,851,656
- Net income
- $625,024
- Result
- reported results
Exact text from the filing
Revenue decreased by 36.3% to $2,851,656 due to the decrease in our consultancy services income ● Gross profit decreased by 28.3% to $2,285,836 ● Net income decreased by $671,204 to $625,024
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ENTREPRENEUR UNIVERSE BRIGHT GROUP reported the third quarter ended September 30, 2022 results: revenue $801,784, net income $31,999.
- Period
- the third quarter ended September 30, 2022
- Revenue
- $801,784
- Net income
- $31,999
- Result
- reported results
Exact text from the filing
Revenue decreased by 50.6% to $801,784 due to the decrease our consultancy services and sourcing and marketing services income ● Gross profit decreased by 11.9% to $661,775 ● Net income decreased by $239,550 to a net loss of $31,999
View on SEC.gov
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