Welcome to our dedicated page for ENTREPRENEUR UNIVERSE news (Ticker: EUBG), a resource for investors and traders seeking the latest updates and insights on ENTREPRENEUR UNIVERSE stock.
ENTREPRENEUR UNIVERSE BRIGHT GROUP (EUBG) is a digital marketing consulting company based in China, offering services to Chinese start-up companies. The company focuses on providing marketing consulting, sourcing, and marketing services through its PRC and HK subsidiaries. With a mission to guide small-size companies and start-ups in achieving their business objectives, EUBG's integrated service platform emphasizes strategic marketing and consultation.
The company's success is evident in its impressive revenue growth, with notable financial results in recent quarters. By delivering top-notch consultation services to clients, especially those in the live streaming industry, EUBG has seen a substantial increase in revenue, showcasing its expertise and ability to drive results for clients.
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.
Entrepreneur Universe Bright Group (EUBG) reported Q3 2022 financial results showing a 50.6% decline in revenue to $801,784, primarily due to reduced consultancy services amid ongoing COVID-19 challenges in China. Gross profit also decreased by 11.9% to $661,775, with a net loss of $31,999 compared to a profit of $207,551 in the same quarter last year. For the nine months ending September 30, 2022, revenue dropped 36.3% year-over-year to $2,851,656. The company continues to explore new business opportunities to stabilize income amid ongoing economic disruptions.
Entrepreneur Universe Bright Group (EUBG) has announced a change in auditors, appointing Prager Metis CPAs, LLC as its new independent auditor effective September 7, 2022. The previous auditor, Centurion ZD CPA & Co., was dismissed on the same date. The reports from the former auditor for 2021 and 2020 were unmodified and did not contain any adverse opinions. EUBG focuses on providing digital marketing consulting services in China, primarily for start-ups, aiming to connect businesses with e-commerce platforms in the region.
Entrepreneur Universe Bright Group (EUBG) reported its Q2 2022 financial results, revealing a 3.7% decline in revenue to $840,868 compared to $873,084 in Q2 2021. However, the gross profit increased by 8.0% to $727,536, driven by reduced costs of revenue. Notably, net income surged by 117.8% to $265,850, despite challenges from COVID-19 restrictions impacting client activities. For the first half of 2022, total revenue was $2,049,872, reflecting a 28.2% drop year-over-year, with net income decreasing by 39.7% to $657,023.
FAQ
What is the current stock price of ENTREPRENEUR UNIVERSE (EUBG)?
What is the market cap of ENTREPRENEUR UNIVERSE (EUBG)?
What services does ENTREPRENEUR UNIVERSE BRIGHT GROUP offer?
What is the main mission of ENTREPRENEUR UNIVERSE BRIGHT GROUP?
How has EUBG contributed to the live streaming industry?
What has been the revenue growth trend for EUBG in recent quarters?
Where is ENTREPRENEUR UNIVERSE BRIGHT GROUP headquartered?
