EpicQuest Education Reports 29% Revenue Increase in 1H FY2025; Net Loss Narrows, EPS at $(0.02)
Reuters
Aug 26
EpicQuest Education Reports 29% Revenue Increase in 1H FY2025; Net Loss Narrows, EPS at $(0.02)
EpicQuest Education Group International Ltd. reported a significant 29% increase in revenue for the first half of the fiscal year 2025 compared to the same period last year. This growth was primarily driven by the expansion of the company's international foundational and collaborative programs. Despite the increase in revenue, the company experienced a net loss of $156,159 for the period. The net loss attributable to common stockholders was reported at $231,942. In terms of earnings per share, the company reported a basic and diluted net loss per share of $0.02. The financial results reflect the company's ongoing efforts to enhance its educational offerings for domestic and international students pursuing higher education in the US, Canada, and the UK. The company has not provided specific guidance or outlook in the recent announcement.
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