TOLEDO, Ohio, Aug. 26, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced it has closed on its registered direct offering. The Company had entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,068,494 ordinary shares at a purchase price of $0.73 per share.FT G ...

TOLEDO, Ohio, Aug. 25, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 5,068,493 ordinary shares (or pre-funded warrants in lieu thereof) in a registered direct offering at a purchase price of $0.73 ...

Core Insights - EpicQuest Education Group International Limited reported a 29% increase in revenue for the first half of fiscal 2025 compared to the same period in the previous year, driven by the expansion of international programs [2][4] - The company achieved a gross margin improvement to 64% and reduced operating costs significantly, contributing to a notable decrease in operating loss and net loss [5][7][8] Financial Performance - Revenues for the first half of fiscal 2025 were $5.37 million, up from $4.16 million in the same period of fiscal 2024, marking a $1.21 million increase or 29.1% [4] - Gross profit increased to $3.42 million, a rise of $1.02 million or 42.5%, with costs of services rising only 10.8% [5] - Operating expenses decreased to $5.38 million, down $1.17 million or 17.9%, primarily due to a 22.9% reduction in general and administrative expenses [6] - The operating loss was reduced to $1.96 million, a decrease of $2.08 million or 52.7% compared to the prior year [7] - Net loss for the first half of fiscal 2025 was $0.16 million, significantly improved from a net loss of $3.52 million in the same period of fiscal 2024, representing a decrease of $3.36 million or 95.5% [8] Cash Flow and Liquidity - Net cash used in operating activities was $2.29 million, a significant reduction from $10.1 million in the same period of the previous year [11] - Net cash provided by investing activities was $1.50 million, up from $0.75 million in the prior year, attributed to proceeds from the sale of real estate properties [12] - As of March 31, 2025, the company had $0.33 million in cash and cash equivalents, a decrease of 71.3% from $1.15 million as of September 30, 2024 [10] Strategic Initiatives - The company is expanding its global recruitment initiatives, particularly in China, Southeast Asia, LATAM, Africa, and the Middle East [3] - EpicQuest Education continues to strengthen its partnerships with prestigious universities worldwide, enhancing its internationalization strategy [3]

Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, "Our foundational programs represent a distinct revenue stream for the Company in addition to our other sources of revenue including revenue generated from our US and Canada-based institutions. Our Agreement with South China University of Technology is our third foundational program in China, and it is a first-class and internationally renowned university." CEO Jianbo Zhang continued, "The two-year foundational program enables students ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Revenue Increased by a Robust 43% as International Student Enrollment Continues to Climb MIDDLETOWN, Ohio, Jan. 31, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced its financial results for the twelve months ended September 30, 2024 and an operations u ...

EEIQ Estimates that the New Agreement has the Potential to Increase its International Student Enrollment by at Least 20% MIDDLETOWN, Ohio, Nov. 20, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (Nasdaq: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK,  today announced that Davis University recently entered into a Transfer Articulation Agreement (the "Agreement") with The Center ...

EpicQuest Education Group International Limited Announces Participation in the LD Micro Main Event XVIIPresentation on Tuesday, October 29th at 2:00 PM PTOctober 25, 2024 8:00 AM EDT | Source: LD MicroMiddletown, Ohio--(Newsfile Corp. - October 25, 2024) - EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that it wi ...

The Integration of AI in EEIQ's Davis University and EduGlobal College Expected to Improve Academic Outcomes MIDDLETOWN, Ohio, July 17, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that it has embarked on a strategic plan to integrate AI into an array of its operations as well as to leverage AI to improv ...

MIDDLETOWN, Ohio, July 9, 2024 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that it recently expanded its Davis University campus to downtown Toledo, to accommodate an expected growth in enrollment metrics attributable to its internationalization strategy. "We are excited to announce the expansion of Davis Un ...