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GUANGZHOU, China – EpicQuest Education Group International Limited (NASDAQ: EEIQ), a provider of higher education services, has announced a new partnership with South China University of Technology to establish a foundational program on its University Town Campus. The program, which is part of the company’s strategic growth plan, aims to foster internationalization and offer students pathways to university degrees in North America. According to InvestingPro data, EEIQ maintains impressive gross profit margins of nearly 65%, though the company’s overall financial health score remains weak.
The two-year foundational program will allow students to complete the subsequent two years at Davis University in Toledo, Ohio, where they can transfer their credits towards a four-year bachelor’s degree. This initiative is expected to provide a significant revenue stream for EpicQuest Education, complementing other sources of income from its institutions in the US and Canada. The company has shown strong revenue growth of 43% over the last twelve months, though it currently operates at a loss with negative earnings per share of $0.47. InvestingPro subscribers can access 8 additional key insights about EEIQ’s financial performance and outlook.
Jianbo Zhang, CEO of EpicQuest Education, highlighted the importance of providing diverse academic options for students to achieve their career aspirations. The agreement with South China University of Technology, renowned for its engineering programs and international recognition, marks the third foundational program established by EpicQuest Education in China.
The foundational programs are designed to equip students with the necessary skills for bachelor’s degree programs at Davis University and facilitate admissions to other US universities. With an expected inaugural class of around 120 students, the program at South China University of Technology is set to launch in the Fall of 2025, with enrollment anticipated to increase after China’s national entrance examination for higher education in early June 2025.
EpicQuest Education’s diversified revenue sources include international students studying in North America, students enrolled in foundational programs in their home countries, domestic students, and student services. The company’s growth plan includes increasing its focus on international recruitment and providing globalized learning experiences.
This partnership aligns with EpicQuest Education’s mission to establish itself as an international higher education service provider. The information for this article is based on a press release statement from EpicQuest Education Group International Limited.
In other recent news, EpicQuest Education Group International Limited announced that it has regained compliance with Nasdaq’s minimum bid price requirement. The company confirmed receiving formal notification from the Nasdaq Listing Qualifications Department, stating that its common shares maintained a closing bid price of $1.00 or higher for 20 consecutive business days. This compliance ensures that EpicQuest Education remains listed on the Nasdaq Stock Market, a key platform for investor visibility. The announcement underscores the company’s current financial stability and adherence to Nasdaq’s listing standards, which is significant information for investors evaluating its market position. EpicQuest Education operates through various subsidiaries and partnerships, expanding its educational offerings in the United States, Canada, and the United Kingdom. Among its ventures are EduGlobal College, Davis University, and affiliations with Miami University Regional campuses. The company has also expanded into international educational programs and sports-related entertainment projects through its subsidiaries.
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