---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-039744"
form_type: "8-K"
ticker: "EUBG"
cik: "0001171326"
company_name: "ENTREPRENEUR UNIVERSE BRIGHT GROUP"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:41:21.259853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# EUBG Q1 2023 net income rises 10% to $431K; revenue down 2.7% to $1.18M

## Summary
- Revenue $1.18M, down 2.7% YoY; increased in RMB due to live streaming client, offset by FX.
- Gross profit $1.06M, up 18.5% YoY as suspension of low-margin digital training raised margin to 90%.
- Net income $431K, up 10.3% from $391K in Q1 2022.
- Cost of revenue fell 63% to $114.6K due to absence of digital training direct costs.
- Cash and equivalents $7.09M as of March 31, 2023.

## SEC filing metadata
- accession: 0001213900-23-039744
- form_type: 8-K
- ticker: EUBG
- cik: 0001171326
- company_name: ENTREPRENEUR UNIVERSE BRIGHT GROUP
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1171326/000121390023039744/0001213900-23-039744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1171326/000121390023039744/ea178572-8k_entrepre.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-039744
- JSON: https://secwatch.observer/filing/0001213900-23-039744.json
- Plain text: https://secwatch.observer/filing/0001213900-23-039744.txt

## Key facts
- Earnings Releases
  ENTREPRENEUR UNIVERSE BRIGHT GROUP reported first quarter ended March 31, 2023 results: revenue $1,176,936, net income $431,457.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1,176,936
  - Net income: $431,457
  - Result: reported results
  source text: First Quarter of 2023 Unaudited Financial Results Three Months Ended March 31, 2023 2022 $ % of Revenues $ % of Revenues Revenues $ 1,176,936 100 % $ 1,209,004 100 % Cost of revenues (114,554 ) (10 )% (312,479 ) (26 )% Gross profit 1,062,382 90 % 896,525 74 % Selling Expenses: (1,439 ) 0 % (16,595 ) (1 )% General and administrative expenses (423,502 ) (36 )% (311,288 ) (26 )% Total other income, net 86,289 7 % 101,822 8 % Income before income tax 723,730 61 % 670,464 55 % Income tax expense (292,273 ) (25 )% (279,291 ) (23 )% Net income $ 431,457 37 % $ 391,173 32 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1171326/000121390023039744/0001213900-23-039744-index.htm

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