EpicQuest Education (EEIQ) stock surged 100% after Q2 earnings, driven by a 29% revenue increase to $5.37 million, and EPS improvement to -2 cents from -26 cents YoY. The company attributed growth to increased student enrollments and collaborative programs. Despite the rally, EEIQ stock remains down 47.81% YTD and 34.52% over the past 12 months.
EpicQuest Education (EEIQ) stock surged 100% after the company reported its Q2 earnings, driven by a 29% revenue increase to $5.37 million. The company also reported an earnings per share (EPS) improvement to -2 cents from -26 cents year-over-year (YoY). CEO Jianbo Zhang attributed the growth to increased student enrollments and collaborative programs, particularly in international markets [1].
Despite the strong performance, EEIQ stock remains down 47.81% year-to-date (YTD) and 34.52% over the past 12 months. The company's gross profit surged to $3.42 million, up from $2.40 million, marking a gross margin increase from 57.7% to 63.7%. Operating costs decreased 17.9% to $5.38 million, leading to an operating loss of $1.96 million, a significant improvement from a loss of $4.14 million in the previous year. The net loss for the first half of 2025 decreased to $0.16 million from $3.52 million, reflecting improved operational efficiencies [1].
EpicQuest Education has been expanding its international reach, with agreements to enhance student enrollment from regions such as Africa and the Middle East. Significant partnerships with well-known universities have bolstered the company's growth strategy, providing diverse educational pathways for students around the globe [1].
The company's cash and cash equivalents as of March 31, 2025, stood at $0.33 million, down from $1.15 million in September 2024. Working capital improved from $5.47 million to $3.96 million, although it remained negative. EpicQuest aims to continue delivering valuable educational opportunities and services to its diverse student base, underpinning its role as a significant player in the global education sector [1].
References:
[1] https://news.ssbcrack.com/epicquest-education-reports-29-revenue-growth-driven-by-international-expansion/
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