---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-024617"
form_type: "8-K"
ticker: "EUBG"
cik: "0001171326"
company_name: "ENTREPRENEUR UNIVERSE BRIGHT GROUP"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:56:16.340601+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# EUBG reports FY2022 revenue down 37.8% to $3.5M; net income falls to $404K

## Summary
- Revenue of $3.51M, down 37.8% YoY from $5.64M, driven by drop in consultancy services and suspension of Jade Bird digital training.
- Net income of $404,618, down 62.8% from $1.09M in FY2021; income tax expense decreased 29.1% to $701,435.
- Gross profit fell 25.4% to $2.84M; cost of revenue decreased 63.7% to $663,486, partly due to lower direct costs.
- Selling expenses dropped 84.2% to $40,165; general and administrative expenses rose slightly 0.9% to $1.68M.
- Cash and cash equivalents of $7.19M as of Dec 31, 2022, down from $7.65M a year earlier.

## SEC filing metadata
- accession: 0001213900-23-024617
- form_type: 8-K
- ticker: EUBG
- cik: 0001171326
- company_name: ENTREPRENEUR UNIVERSE BRIGHT GROUP
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/0001213900-23-024617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/ea176111-8k_entrepreneur.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-024617
- JSON: https://secwatch.observer/filing/0001213900-23-024617.json
- Plain text: https://secwatch.observer/filing/0001213900-23-024617.txt

## Key facts
- Earnings Releases
  ENTREPRENEUR UNIVERSE BRIGHT GROUP reported the fiscal year ended December 31, 2022 results: revenue $3,507,590, net income $404,618.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $3,507,590
  - Net income: $404,618
  - Result: reported results
  source text: 2022 Financial Results: 2022 2021 Revenue $ 3,507,590 $ 5,637,396 Cost of revenue (663,486 ) (1,827,082 ) Gross profit 2,844,104 3,810,314 Selling expenses (40,165 ) (253,958 ) General and administrative expenses (1,683,575 ) (1,668,432 ) Total other (expenses) income, net (14,311 ) 187,392 Income before income tax 1,106,053 2,075,316 Income tax expense (701,435 ) (988,916 ) Net income $ 404,618 $ 1,086,400
  evidence_url: https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/0001213900-23-024617-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.