Core Viewpoint - EpicQuest Education Group International Limited has announced an Agency Agreement with Veritas Global Uni (Pvt) Ltd to recruit students for Davis University's online graduate programs, aiming to enhance accessibility to higher education for diverse regions [1][2]. Group 1: Agreement Details - The Agreement allows Veritas to act as a non-exclusive recruitment agent for Davis University's online Masters of Science in Management and Graduate Foundational programs [1][2]. - Target regions for recruitment include China, Hong Kong, Singapore, the Middle East, and Southeast Asia, excluding Sri Lanka due to an existing agreement with another party [2]. Group 2: Strategic Importance - The collaboration is part of EpicQuest Education's internationalization strategy, which aims to expand student enrollment and academic offerings [3]. - The initiative is designed to support students in pursuing meaningful careers by providing flexible online education options that enhance employability [2][3]. Group 3: About Davis University - Davis University, founded in 1858, is a private career-training institution in Toledo, Ohio, offering specialized professional training and flexible coursework [4]. - The university has agreements with several four-year US universities for transfer pathways and articulation agreements with international schools [4]. Group 4: About EpicQuest Education - EpicQuest Education provides comprehensive education solutions for students seeking degrees in the US, Canada, and the UK, and owns EduGlobal College in British Columbia [5]. - The company has established a wholly owned subsidiary, Gilmore Inv LLC, to offer international educational programs related to kinesiology and recreation education [6].

Core Viewpoint - EpicQuest Education Group International Limited has announced a reverse stock split of its ordinary shares at a ratio of 1-for-16, along with amendments to its Memorandum and Articles of Association to reduce the authorized number of shares and increase the par value per share [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on February 17, 2026, with shares trading on a split-adjusted basis on the Nasdaq Capital Market under the new CUSIP number G3104J142 [2]. - The number of outstanding ordinary shares will decrease from approximately 23,671,667 to about 1,479,479 shares as a result of the reverse stock split [3]. - No fractional shares will be issued; instead, cash will be paid for fractional shares based on the fair value determined by the closing price on the first trading day after the split [4]. Group 2: Company Strategy and Operations - EpicQuest Education's internationalization strategy focuses on collaborative programs with its institutions, Davis University and EduGlobal College, to enhance student enrollment and academic offerings [6]. - The company operates EduGlobal College in British Columbia, Canada, and holds a 70% ownership stake in Davis University in Toledo, Ohio, which provides career training [7]. - EpicQuest Education has established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [7].

Financial Performance - As of September 30, 2025, the company reported revenues of $8,939,989, a decrease from $8,153,546 in 2024, with a net loss of $(2,526,613) compared to $(6,571,184) the previous year[36]. - The company has an accumulated deficit of $17,387,799 and negative operating cash flow of $2,946,315 as of September 30, 2025, raising substantial doubt about its ability to continue as a going concern[33]. - Revenue for the year ended September 30, 2025, increased by US$0.8 million or 9.6% compared to 2024, primarily due to a US$2.7 million increase in revenue from DU driven by new programs and higher student enrollment[193]. - The net loss for the year ended September 30, 2025, was $2.5 million, an improvement from a net loss of $6.6 million in 2024, representing a decrease in net loss of $4.1 million[217]. - Cash at the end of the period for September 30, 2025, was $5.1 million, an increase from $1.5 million in 2024[226]. - The company incurred a negative cash flow from operating activities of $2.95 million in 2025, an improvement from a negative cash flow of $9.48 million in 2024[226]. - Other income for fiscal 2025 was $1.7 million, primarily from a $1.2 million gain on settlement of accounts payable and a $0.5 million gain from the disposal of fixed assets[211]. Regulatory Risks - The company faces significant regulatory risks in China, including potential penalties for non-compliance with education laws, which could materially affect its operations and financial condition[42]. - Recent regulatory developments in China may lead to increased scrutiny and compliance costs, impacting the company's ability to operate effectively[43]. - The company must navigate a complex regulatory environment that may require additional permits and approvals, which could hinder its operations if not obtained[49]. - The company has not received any governmental permits or approvals in China, which may pose risks if regulations change in the future[50]. - The company is subject to evolving regulatory measures that increase compliance costs and risks associated with non-compliance, potentially affecting operational results[76]. - The company may be subject to anti-monopoly concerns under Chinese law, which could affect its market position and operations[47]. - Changes in the PRC legal system can occur with little notice, creating substantial uncertainty for the company's business operations[48]. - The company may lose its foreign private issuer status by March 31, 2026, which could increase regulatory costs[107]. Student Enrollment and Growth Strategy - The company's ability to attract and retain students is critical for its success, as it relies heavily on student enrollment for revenue generation[37]. - As of September 30, 2025, Davis University enrolled 407 international students, a significant increase from 102 in the same quarter of 2023 and 220 in 2024[140]. - The company plans to prioritize domestic recruiting in Ohio and Michigan to increase the student body at Davis University, which has significant growth potential[159]. - The company aims to develop new educational programs at Davis University to enhance the academic experience and recruitment efforts for international students[159]. - The company is expanding its geographic scope, expecting more international students to join its programs in the next fiscal year[167]. - The company has established cooperation with five major study abroad agencies in China, with commission agreements starting from $3,000 to $4,000 per student[170]. - The company formed a new subsidiary, Gilmore INV LLC, to offer kinesiology and recreation education programs, enhancing its educational offerings[125]. - Effective December 1, 2024, Davis University established a transfer pathway for international students from five Southeast Asian and South American colleges to complete business degrees[143]. Competition and Market Position - The company faces significant competition in the education sector, which is rapidly evolving and may affect market share and profitability[69]. - The company's growth strategy includes potential acquisitions, but execution may be costly and time-consuming, with no guarantee of success[68]. - EpicQuest's strategic growth plan includes establishing cross-border relationships and making strategic acquisitions to enhance its global presence in higher education[158]. Compliance and Governance - The company is currently not in compliance with Nasdaq's minimum bid price requirement, with a closing bid price below $1.00 per share for 30 consecutive business days[93]. - Nasdaq has granted the company a 180-day extension until March 2, 2026, to regain compliance with the minimum bid price requirement[93]. - If the company fails to meet Nasdaq's continued listing requirements, it may face delisting, adversely affecting its ability to raise funds and the liquidity of its common shares[94]. - The company is classified as a "foreign private issuer," resulting in different disclosure obligations compared to U.S. domestic companies[101]. - Shareholders may have fewer protections under BVI law compared to U.S. law, potentially complicating legal recourse against management[102]. - The company has a significant concentration of ownership among principal shareholders, which may lead to conflicts of interest and influence over corporate transactions[113]. - The company is subject to less extensive and less timely reporting requirements compared to U.S. domestic issuers, potentially affecting investor protections[116]. Financial Strategies and Future Plans - The company plans to implement cost reduction initiatives and seek additional equity financing to address liquidity concerns[223]. - The company completed a private placement in August 2025, raising net proceeds of $3.3 million from the issuance of 5,068,494 ordinary shares[221]. - The company plans to expand its facilities and services, including potential acquisitions and renovations in Hamilton, Ohio, to support future growth[184]. - The company may not pay dividends in the foreseeable future, as this is subject to the discretion of the Board of Directors and dependent on financial conditions[87]. - The company may not be able to pay dividends in the future unless its assets exceed liabilities and it can pay debts as they become due[106]. Cybersecurity and Operational Risks - Cybersecurity risks are a critical concern, with potential threats to the company's information systems that could adversely impact reputation and financial condition[85]. - The company must comply with the Sarbanes-Oxley Act, which requires effective internal controls and reporting procedures, necessitating additional resources and staff[84]. - The company faces risks from lawsuits and claims that could result in significant legal fees and reputational harm, impacting financial conditions[77]. - The company relies heavily on the skill and experience of its management team, with a risk of adverse effects on operations and financial conditions if key personnel leave or are not effectively replaced[71].

Core Insights - EpicQuest Education Group International Limited reported a year-over-year revenue increase of 10% for the fiscal year 2025, reaching $8.95 million, driven by the success of its higher education institutions and innovative programs [2][4] - The flagship institution, Davis University, achieved its first year of profitability, marking a significant milestone in the company's growth strategy [2][10] - The company has adopted a dual strategy focusing on career-oriented programs and international collaborations, which has led to increased enrollment despite challenges in the U.S. education market [2][16] Financial Performance - Revenues for fiscal year 2025 were $8.95 million, an increase of $0.79 million or 9.7% from $8.15 million in fiscal 2024 [4] - Gross profit rose to $5.93 million, up by $0.62 million or 11.7% compared to $5.31 million in fiscal 2024, attributed to improved cost management [5] - Operating costs decreased by 20.6% to $10.11 million from $12.74 million in fiscal 2024, primarily due to a reduction in general and administrative expenses [6] - The operating loss narrowed to $4.18 million, a decrease of 43.7% from a loss of $7.43 million in fiscal 2024 [7] - Net loss was $2.53 million, down 61.5% from a net loss of $6.57 million in fiscal 2024 [9][11] Cash and Liquidity - As of September 30, 2025, the company had $4.75 million in cash and cash equivalents, an increase of 313.0% from $1.15 million in the previous year [12] - Working capital improved to $7.41 million with a current ratio of 1.83x, compared to $2.03 million and a current ratio of 1.21x in the prior year [12] - Net cash used in operating activities decreased to $2.95 million from $9.48 million in fiscal 2024, reflecting improved financial performance [13] Enrollment and Programs - Davis University saw an 85.0% increase in international student enrollment in the first academic quarter of 2025, with 407 international students compared to 220 in the same quarter of 2024 [19] - The company’s foundational programs enrolled 220 students for the 2025-2026 academic year, up from 102 the previous year, indicating strong demand for these offerings [23] - EduGlobal College's cooperative diploma programs, which started in Fall 2025, are expected to enhance domestic recruiting efforts by providing students with work experience [21] Strategic Initiatives - The company was awarded the CES Speed Award for Global Branding, highlighting its success in international brand acceleration [3] - EpicQuest Education is developing an AI-powered platform to enhance student engagement and tutoring, aiming to provide personalized learning experiences [3] - The company has entered into various agreements to expand its international reach, including a partnership with The Lyceum Campus in Sri Lanka and an agency agreement with MSM Unify to recruit students from Africa and the Middle East [25][26]

Core Insights - EpicQuest Education Group International Limited has been awarded the CES Speed Award for Global Branding at CES 2026, recognizing its internationalization strategy and innovative educational initiatives [1][2] Company Strategy - The company is focused on a hybrid 'global campus' model that allows students to take courses online and in-person in their home countries, enhancing its internationalization strategy [2] - EpicQuest Education is developing an AI platform aimed at improving student engagement and tutoring, which is a foundational step towards creating a comprehensive AI-based university [3] - The company's collaborative programs for its institutions, Davis University and EduGlobal College, are central to its strategy to expand student enrollment and academic offerings [5] Growth and Financial Performance - The innovative approach of establishing programs in students' home countries has led to strong company growth and diversified revenue streams, contributing to a robust enrollment pipeline [4] - Recent strategic growth plans have resulted in increased international student enrollment, which is expected to lead to sustainable financial results [5] Company Overview - EpicQuest Education provides comprehensive education solutions for domestic and international students in the US, Canada, and the UK, operating EduGlobal College and holding a 70% stake in Davis University [7] - The company has established a subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [7]

Core Insights - Davis University has signed a non-binding Memorandum of Understanding (MOU) with The Lyceum Campus in Sri Lanka to offer its Masters of Science in Management program internationally, with the potential to generate at least $2 million in revenue over the next four years [1][2] Company Overview - EpicQuest Education Group International Limited operates Davis University, which focuses on providing higher education for both domestic and international students in the US, Canada, and the UK [1][7] - Davis University, founded in 1858, is a private career-training institution located in Toledo, Ohio, offering specialized professional training and flexible coursework to enhance employability [5][6] Strategic Initiatives - The MOU with Lyceum is part of Davis University's internationalization strategy, aimed at expanding access to education and strengthening its global revenue base [2][4] - The partnership is expected to attract a minimum of 150 students in the first year, increasing by 100 students annually, reaching a target of 450 students by the fourth year [2] Educational Offerings - The Masters of Science in Management program will be delivered through online teaching, ensuring that all courses are fully accredited by Davis University [2] - Lyceum Campus provides state-of-the-art facilities and a curriculum that meets international standards, offering students the opportunity to earn degrees in their home country [3]

Core Insights - EpicQuest Education Group International Limited has reported a significant increase in enrollment for its foundational programs, with a 218% rise over the past two years and a 52% increase from the previous academic year [1][2] - The company anticipates that these foundational programs will generate over $5 million in revenue for the 2025-2026 academic year [1][2] Enrollment Growth - Enrollment in foundational programs at Davis University reached 175 students for Fall 2025, up from 115 in Fall 2024 and 55 in Fall 2023, indicating strong demand [2] - The retention rate for students in these programs is nearly 100%, suggesting a sustainable revenue stream for the company [2] Strategic Focus - EpicQuest Education emphasizes internationalization as a key element of its growth strategy, aiming to enhance globalized learning and international recruitment at its colleges [4] - The foundational programs are positioned at prestigious universities in China, such as Shanghai Jiao Tong University and The Chinese University of Hong Kong (Shenzhen), further enhancing the company's academic partnerships [3] Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students, operating institutions like EduGlobal College in Canada and Davis University in Ohio [5] - The company has established a recruiting relationship with Miami University Regional campuses and is also a recruiting agent for universities in the UK [5]

Core Insights - EpicQuest Education Group International Limited is focusing on international student recruitment as a key element of its strategic growth plan, particularly through its Davis University Associate Degree programs [2][5] - The enrollment of international students at Davis University has shown significant growth, with a 5x increase from 51 students in 2023 to 267 students in 2025 [2][3] - The number of educational institutions collaborating with Davis University has increased from one to three, with expectations to reach five in the next academic year, potentially doubling international student enrollment for 2026 [3] Enrollment Metrics - For the 2023 academic year, Davis University enrolled 51 international students, which increased to 101 for 2024, and further to 267 for 2025, indicating a rapid growth trajectory [2] - The growth rate in international Associate Degree student enrollment is 500% over two years [2] Strategic Collaborations - The number of collaborating educational institutions for Davis University's Associate Degree programs has expanded from one to three, with plans to increase to five in the upcoming year [3] - This strategic collaboration is aligned with the US government's support for career-oriented education, which emphasizes the need for education to meet modern workforce demands [3] Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking higher education in the US, Canada, and the UK [6] - The company operates Davis University, a career training institution in Toledo, Ohio, and EduGlobal University in British Columbia, Canada [7]

Core Viewpoint - EpicQuest Education Group International Limited is actively participating in the H.C. Wainwright 27th Annual Global Investment Conference, highlighting its commitment to international education solutions and strategic growth plans [1][2][4]. Group 1: Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking university degrees in the US, Canada, and the UK [5]. - The company owns EduGlobal University in British Columbia, Canada, and operates Davis University in Toledo, Ohio, where it holds a 70% ownership stake [5]. - EpicQuest Education has established a recruiting relationship with Miami University Regional campuses and is a recruiting agent for the University of the West of Scotland and Coventry University in the UK [5]. Group 2: Strategic Growth Plan - The company's strategic growth plan focuses on internationalization, aiming to enhance globalized learning and international recruitment at its operated colleges [4]. - EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [5]. - Additionally, the company formed SouthGilmore LLC in Ohio to organize sports-related entertainment projects, which is 40% owned by Gilmore [5]. Group 3: Conference Participation - The management team of EpicQuest Education will present virtually at the H.C. Wainwright conference from September 8-10, 2025, and will be available for one-on-one meetings with registered attendees [1][3]. - The presentation will be accessible on-demand through the conference portal and the company's website starting at 7:00 AM on September 8, 2025 [2].

Core Insights - EpicQuest Education Group International Limited (EEIQ) has established a foundational program in collaboration with Jishi Holdings at the Chinese University of Hong Kong, Shenzhen, effective until August 31, 2027, which represents a distinct revenue stream for the company [1][2] - The company has already admitted 20 students into this new program, with plans to enroll up to 60 students, highlighting the demand for its educational offerings [2] - EEIQ's strategic growth plan focuses on internationalization, aiming to enhance globalized learning and expand its international recruitment efforts [3] Company Overview - EpicQuest Education provides comprehensive education solutions for domestic and international students seeking university degrees in the US, Canada, and the UK [5] - The company operates Davis University in Toledo, Ohio, and EduGlobal University in British Columbia, Canada, and has recruiting relationships with several universities in the UK [5] - EEIQ has recently established subsidiaries in Ohio to offer international educational programs related to kinesiology and recreation education [5] Educational Focus - The foundational programs at Davis University are designed to equip students with the necessary skills for bachelor's degree programs and facilitate pathways to other US universities [2] - The Chinese University of Hong Kong, Shenzhen, where the new program is established, emphasizes bilingual education and interdisciplinary exploration, particularly in fields like computer science and artificial intelligence [4]