EpicQuest Education Group International Limited pre-announced on December 5, 2024, that its full year revenue for the fiscal year ended September 30, 2024, is expected to be approximately $9.2 million. This represents a significant 61% increase compared to the $5.8 million revenue reported for the fiscal year ended September 30, 2023.
The anticipated revenue growth is attributed to a strong increase in international student enrollment, driven by the company's innovative foundational and collaborative programs. These programs are established in international students' home countries, preparing them for university study in the US, Canada, and other countries.
The expansion of academic programming creates a large pool of future students for enrollment at the company's owned and operated Davis University and EduGlobal College. This pre-announcement highlights the positive impact of EpicQuest Education's internationalization strategy on its financial performance.
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