E-Home Household Svc Hldgs Ltd Stock Price, News & Analysis

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the launch of its Digital Human as a Service (DHaaS) platform, featuring a virtual assistant named 'Xiao e' for customer service. The platform leverages AI technology to enhance user experience in the Metaverse, providing 24/7 assistance and virtual training for service staff. E-Home expects this initiative, along with strategic acquisitions, to boost business growth by nearly 30% in 2022. The company aims to revolutionize household services through advanced technology and improved training methods.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced plans to acquire Zhongrun (Fujian) Pharmaceutical Co., Ltd., a prominent operator in China's medicine and personal care products sector. The acquisition is expected to be completed within two months. Zhongrun boasts an annual revenue exceeding RMB 100 million and provides drug development, sales, and medical equipment services. E-Home aims to enhance its household services by integrating pharmaceutical offerings, tapping into the growing health industry, and expanding its market presence in China and internationally.

E-Home Household Service Holdings Limited (EJH) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share, as outlined in Listing Rule 5550(a)(2). This notification came on March 3, 2022, following 30 consecutive business days of trading below the required price. The Company has until August 30, 2022, to achieve compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days. Failure to comply may lead to delisting, although the Company has options to address the issue.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced a share repurchase program of up to $8 million, authorized by its Board of Directors. The program allows repurchases over the next 9 months, funded by the company's cash reserves. The decision is based on capital needs and market conditions. The company aims to enhance shareholder confidence and value, reflecting its strong business performance and growth strategy in the household services sector.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the launch of its Digital Human as a Service (DHaaS) on March 18, 2022. The service features 'Xiao Yi', a virtual digital human customer service guide, designed to enhance customer experiences in the metaverse. This initiative aims to optimize operational efficiency and reduce costs, allowing for 24/7 customer support and seamless navigation of E-Home's services. The development is part of E-Home's broader metaverse strategy focused on improving service delivery and client engagement.

E-Home Household Service Holdings Limited (EJH) has announced its entry into the metaverse with plans for digital transformation in household services. The company intends to create metaverse brand ambassadors, enhancing online marketing and offering 24/7 customer service. Additionally, E-Home will establish an AI technology unit to facilitate strategic partnerships for developing a Metaverse platform. CEO Wenshan Xie highlighted that these initiatives aim to improve operational efficiency and reduce costs through digital training and services, anticipating strong growth in earnings as the metaverse trend continues.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the acquisition of 60% of Putian YouYou Cleaning Co., Ltd. and 40% of Shenzhen Chinese Enterprises Industrial LianBao Appliance Service Co., Ltd. E-Home will pay RMB36 million (approx. $5.65 million) for YouYou through cash and shares, while LianBao’s acquisition will cost RMB63.2 million (approx. $9.93 million), also via share issuance. YouYou reported RMB25 million revenue and RMB2.25 million net profit in 2021, and LianBao reported sales of RMB70 million with a net profit of RMB4.95 million.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched a new cleaning robot equipment leasing department aimed at enhancing its cleaning service business in China. The initiative involves importing advanced cleaning robots from Japan and the USA, which is expected to lower labor costs and improve market share. The company anticipates this new segment to generate approximately $15 million in revenue and around $3 million in net income for 2022. CEO Wenshan Xie highlighted this move as a response to the growing demand for improved cleaning services amid rising operational costs.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched preventive anti-virus disinfection and cleaning services in response to a recent surge in Covid-19 cases in China. This initiative targets households and public areas, providing essential cleaning to reduce the spread of pathogens. CEO Wenshan Xie emphasized that these services are crucial for safety and will enhance the company's reputation and financial performance. As the pandemic prompts renewed health measures, E-Home aims to offer consistent, professional disinfection services across various locations.