Entrepreneur Universe Bright Group Stock Price, News & Analysis

Entrepreneur Universe Bright Group (EUBG) reported its audited financial results for FY2024, showing a 15.5% revenue decline to $5.27 million from $6.24 million in 2023. The decrease was primarily attributed to reduced revenue from a live streaming business client, partially offset by a $471,979 increase in other consultancy services.

The company's net income decreased 34.8% to $1.49 million in 2024 from $2.28 million in 2023. In September 2024, EUBG distributed a special cash dividend of $0.0013 per share, totaling approximately $2.2 million.

Operating through its Chinese subsidiary, Xi'an Yun Chuang Space Information Technology, EUBG provides digital marketing consulting services, focusing on brand visibility and sales performance enhancement through e-commerce platforms. The company plans to expand its services while addressing challenges including Chinese renminbi fluctuations and rising labor costs.

Entrepreneur Universe Bright Group (EUBG) has reported its Q3 2024 financial results, showing total revenue of $1,670,203, a 2.6% decrease from Q3 2023. The company's gross profit declined 6.9% year-over-year to $1,490,851, while net income decreased 5.1% to $703,615. Despite these declines, EUBG maintained financial stability, holding $8,275,329 in cash and cash equivalents after distributing a special one-time cash dividend of $2,211,536 in September 2024. The company attributes performance challenges to increased costs from new service providers and salary adjustments.

Entrepreneur Universe Bright Group (OTCQB: EUBG) has declared a special one-time cash dividend of $0.0013 per share, totaling approximately $2.2 million. This decision is based on the company's Q2 2024 financial performance and stable profitability. The dividend payout date is set for September 12, 2024, with both the record date and ex-dividend date on August 30, 2024.

The distribution represents about 22.05% of EUBG's liquid assets as of June 30, 2024. Shareholders in mainland China, Hong Kong, and Taiwan may experience a 2-6 month delay in receiving payments due to regulatory processes. CEO Tao Guolin expressed confidence in the company's ability to face future challenges and expand its core business in Chinese and international markets.

Entrepreneur Universe Bright Group (EUBG), a digital marketing consulting firm, announced its successful uplisting from the OTC Pink Sheets to the OTCQB Venture Market on April 11, 2023. This advancement, approved by OTC Markets Group Inc., allows EUBG to trade under the same symbol, enhancing market visibility and liquidity for investors. The OTCQB is recognized by the Securities and Exchange Commission as a reputable platform for entrepreneurial and developmental stage companies. CEO Guolin Tao stated that this uplisting will increase exposure to a broader investor base, marking a significant milestone for the company and its shareholders.

Entrepreneur Universe Bright Group (EUBG) reported its audited financial results for the fiscal year ending December 31, 2022, revealing a significant revenue decline of 37.8% to $3,507,590 compared to $5,637,396 in 2021. The decrease was largely due to a drop in consultancy service income and the suspension of digital training services. Despite a reduction in cost of revenue by 63.7% to $663,486, the company experienced a net income of $404,618, down from $1,086,400 in the previous year. As of December 31, 2022, the company's cash and cash equivalents stood at $7,193,591. CEO Guolin Tao highlighted ongoing challenges due to COVID-19 impacts on operations.

Entrepreneur Universe Bright Group (EUBG) announced that the U.S. Securities and Exchange Commission has declared effective its Form S-1 resale registration statement as of February 6, 2023. This registration allows for the potential resale of 140,000,000 shares of common stock held by certain stockholders. Importantly, EUBG will not receive any proceeds from this sale, and it is not obligated for the selling stockholders to actually sell the shares. The registration's purpose is to provide a framework for resales under the Securities Act of 1933. More details are available on the SEC's website.