secwatch.observer — SEC 8-K summary
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Issuer:     ENTREPRENEUR UNIVERSE BRIGHT GROUP (EUBG)
CIK:        0001171326
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001213900-23-024617
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/0001213900-23-024617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171326/000121390023024617/ea176111-8k_entrepreneur.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-024617

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