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FUZHOU, China - E-Home Household Service Holdings Limited (NASDAQ:EJH), a provider of integrated household services in China with a market capitalization of approximately $27 million, has announced that its shareholders approved a share consolidation during an extraordinary general meeting on May 1, 2025. According to InvestingPro analysis, the company’s stock is currently trading near Fair Value levels, despite experiencing significant volatility this year with an 84% decline year-to-date. The consolidation will see the company’s issued and authorized ordinary shares combined at a ratio of not less than one-for-two and not more than one-for-fifty, as decided by the company’s Board of Directors within 180 days after the resolution’s passage. InvestingPro data shows the company maintains strong liquidity with a current ratio of 18.0, and notably holds more cash than debt on its balance sheet.
On May 8, 2025, the Board set the consolidation ratio at one-for-fifty. This action is primarily to ensure compliance with the Nasdaq Marketplace Rule 5550(a)(2), which concerns the minimum bid price per share. E-Home’s shares will begin trading on a post-consolidation basis under the ticker "EJH" on May 30, 2025. The pre-split number of common stock shares stands at 183,690,171, which will be reduced to approximately 3,673,850 shares post-split.
Shareholders will receive one post-consolidation share for every fifty pre-consolidation shares they hold. The consolidation is expected to maintain the proportional ownership and voting power of shareholders, barring minor adjustments due to the rounding up of fractional shares. No fractional shares will be issued. Shareholders with shares held electronically through brokerage firms do not need to take any action, as the changes will be reflected automatically in their accounts.
E-Home, established in 2014 and based in Fuzhou, China, offers a range of household services through its website and WeChat platform, including appliance installation and maintenance, housekeeping, and public establishment cleaning. The company aims to be a benchmark in China’s household service industry, generating annual revenue of $50.1 million. Discover 11 additional key insights about EJH with an InvestingPro subscription, including exclusive financial metrics and expert analysis.
This news is based on a press release statement from E-Home Household Service Holdings Limited. The company has issued forward-looking statements that involve risks and uncertainties. E-Home does not commit to updating these statements and advises investors to consider the risk factors that may affect future results, as described in its SEC filings.
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