EpicQuest Edu Stock Price, News & Analysis

EpicQuest Education Group International (NASDAQ: EEIQ) reported financial results for the first half of fiscal year 2024 ended March 31, 2024. The company saw a 22% increase in revenue to $4.16 million, primarily due to increased enrollment in international foundational and collaborative programs. However, gross profit decreased by 9.3% to $2.40 million, and gross margin fell to 57.7% from 77.5% in the prior year period.

Operating expenses rose 12.1% to $6.55 million, resulting in an operating loss of $4.14 million. Net loss increased to $3.52 million or $0.26 per share. The company's cash position decreased to $0.59 million as of March 31, 2024. EpicQuest Education is focusing on expanding its international programs and partnerships to drive future growth.

EpicQuest Education Group International (Nasdaq: EEIQ) announced new collaborative academic programs at its Davis University, aimed at bolstering revenue through internationalization. Key updates include:

1. A doubling in enrollment at Chongqing Institute of Technology and Business, with 150 students now in the 3+0 Graphic Design Professional Program.

2. A collaboration agreement with Shijiazhuang College of Applied Technology for an Advertising and Art Design diploma program, targeting 100 students annually for seven years.

3. A joint program with Guangdong Communications Polytechnic for Modern Logistics Management, approved to recruit up to 300 students from 2025 to 2027.

These programs align with EpicQuest's strategy of international expansion and establishing itself as a global provider of higher education.

EpicQuest Education Group International (Nasdaq: EEIQ) has announced its participation in a live webinar hosted by Force Family Office on September 10, 2024, at 12:00 pm ET. CFO Zhenyu Wu and Board Director Craig Wilson will present the company's unique value proposition as a high-growth opportunity in the education sector.

EEIQ, a provider of higher education for domestic and international students in the US, Canada, and the UK, emphasizes internationalization as a key element of its strategic growth plan. The company aims to focus its operated colleges, Davis University and EduGlobal College, on international recruiting and enhanced globalized learning, offering pathways to university degrees.

EpicQuest Education's long-term goal is to establish itself as a truly international service provider of higher learning through strategic expansion.

EpicQuest Education Group International (Nasdaq: EEIQ) has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference, scheduled for September 9-11, 2024. The company's Chief Financial Officer, Zhenyu Wu, and Board member Craig Wilson will deliver a virtual presentation, available on-demand from 7:00 am ET on September 9, 2024, through the H.C. Wainwright portal.

Investors can access EpicQuest Education's presentation on the company's website and request one-on-one meetings with management via the conference portal. The event is a hybrid conference, offering both in-person and virtual attendance options.

EpicQuest Education emphasizes internationalization as a key element of its strategic growth plan, aiming to focus its operated colleges, Davis University and EduGlobal College, on international recruiting and globalized learning. The company's goal is to establish itself as an international provider of higher education services.

EpicQuest Education Group International (NASDAQ: EEIQ) has announced a strategic plan to integrate AI into its operations and academic programming. The company aims to leverage AI to improve student learning, achievement, and internationalization efforts at its operated colleges, Davis University and EduGlobal College.

Key aspects of the AI integration include:

• Customized instruction and adaptive learning
• Real-time translation for non-native speakers
• AI-driven data analytics for student performance
• Enhanced recruiting and admission processes
• Improved cross-cultural partnerships

CFO Zhenyu Wu emphasized that this initiative aligns with EEIQ's mission of internationalization and its goal to become a leader in early AI adoption within higher education.

EpicQuest Education announced the expansion of Davis University to downtown Toledo, incorporating a new 17,000 square foot classroom and student activities space at 'Tower on the Maumee'. The expansion, set to open for admissions in July 2024, aims to accommodate expected growth in enrollment driven by the company's internationalization strategy. This move supports Davis University's mission to offer career-focused programs and foster a dynamic urban learning environment. EpicQuest plans to enhance international recruiting and provide globalized learning experiences through new programs, including a four-year Bachelor's Degree in Business and STEM courses in Data Science and Computer Engineering.

EpicQuest Education Group, listed on Nasdaq under the ticker EEIQ, received a notification from Nasdaq on June 24, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). EpicQuest has until December 23, 2024, to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days. If the company fails to meet this deadline, it may qualify for additional time to rectify the deficiency by meeting other Nasdaq listing standards. The immediate listing of EEIQ shares remains unaffected by this notice.

EpicQuest Education (NASDAQ: EEIQ) announced an operational update for its wholly-owned Davis University, emphasizing its foundational programs in China and sponsored soccer matches with the Argentine Men's National Football Team. A renewed agreement with Peking University will raise student enrollment from 50 to 80 students, effective July 28, 2024, through July 31, 2025. Additionally, a new agreement with Shanghai Jiao Tong University aims for up to 50 students starting in September 2024. These programs are expected to generate over $5 million for the fiscal year ending September 30, 2025.

EpicQuest's sports entertainment segment, involving exhibition matches with the Argentine team, has been rescheduled for October 2025 to March 2026. This segment seeks to tap into the growing global sports market, projected to reach $680 billion by 2028. The company anticipates revenue from broadcasting rights, sponsorships, ticket sales, and merchandise.

EpicQuest Education (NASDAQ: EEIQ) announced a new Cooperation Agreement with Shanghai Jiao Tong University, effective May 8, 2024, to December 31, 2026. This agreement intends to establish a foundational program for students to gain admission into Davis University's bachelor's degree programs. The program is projected to generate at least $3.4 million in revenue per year starting in 2025.

Each class will include about 50 students, with an annual tuition of $33,800, and will expand to 100 students by 2025. The foundational program replicates a similar setup with Peking University, which expects to see a significant increase in enrollments. The agreement supports EpicQuest's strategy of internationalization and sustainable revenue growth.