EpicQuest Education Group International Limited (NASDAQ:EEIQ) shares skyrocketed 113.71% in after-hours trading to $1.16 following the release of first-half fiscal results that exceeded investor expectations with robust revenue growth and reduced losses.
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Revenue Growth Drives Performance
The education services provider reported revenues of $5.37 million for the first half, marking a 29.1% increase from $4.16 million in the prior-year period. The revenue surge was primarily driven by expanded international foundational and collaborative programs offered through Davis University and EduGlobal College.
“We are pleased to announce a 29% increase in revenue for the first half of our 2025 fiscal year,” said CEO Jianbo Zhang in the earnings announcement. The company’s gross margin improved to 63.7% …