EPWK Holdings Ltd. (EPWKF)
EPWK Holdings Ltd. maintains an online service platform with a presence across the People's Republic of China and globally. This digital ecosystem primarily empowers small service providers by facilitating their outreach to users with genuine service requirements. For its corporate clientele, EPWK delivers bespoke business solutions, encompassing the entire spectrum of custom system and software development, such as business intelligence (BI) platforms, enterprise resource planning (ERP) systems, and robust cybersecurity software. The company further extends its offerings to include online promotional services. Additionally, a suite of value-added services is available, covering essentials like bookkeeping, tax compliance, intellectual property application and registration, and professional qualification certification. Moreover, EPWK manages and leases shared office accommodations. Founded in 2011, EPWK Holdings Ltd. maintains its headquarters in Xiamen, People's Republic of China, and operates as a subsidiary entity under HGH Holdings Limited.
Sector: Services-Business Services, NEC
Industry: Software - Application
EPWK Holdings Ltd.
OTC:EPWKFTechnology · Software - Application
$0.0026
Mkt Cap-
Float558K
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$27.84M
Net Income-$10.44M
Total Assets$12.09M
Free Cash Flow-$10.68M
Debt & Equity
Total Debt$5.68M
Total Equity-$7.64M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in EPWKF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$12.09M
Liabilities$12.19M
Accounts Receivable$329K
Accounts Payable$428K
Inventory$0
PP&E (Net)$1.99M
Goodwill$0
Intangible Assets$109K
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Revenue | $27.84M | $20.22M | $19.8M | $12.81M | $11.37M |
| YoY Growth | 37.7% | 2.1% | 54.6% | 12.7% | - |
| Cost of Revenue | $24.45M | $16.44M | $14.75M | $7.5M | $6.62M |
| Gross Profit | $3.39M | $3.78M | $5.05M | $5.31M | $4.75M |
| Gross Margin | 12.2% | 18.7% | 25.5% | 41.5% | 41.8% |
| Research and Development | $426K | $1.04M | $1.69M | $2.01M | $240K |
| Selling, General, and Administrative | $13.74M | $4.45M | $5.34M | $7.15M | $5.46M |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $14.16M | $5.48M | $7.02M | $9.16M | $5.7M |
| Operating Income (EBIT) | -$10.78M | -$1.71M | -$1.97M | -$3.85M | -$948K |
| Operating Margin | -38.7% | -8.4% | -9.9% | -30.0% | -8.3% |
| Interest Expense | $139K | $145K | $109K | $69K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $40K |
| Other Income (Expense) | $346K | $509K | $883K | $449K | $1.57M |
| Income Before Tax (EBT) | -$10.43M | -$1.2M | -$1.08M | -$3.4M | $626K |
| Income Tax Expense | $11K | $6K | -$5K | $6K | $2K |
| Net Income | -$10.44M | -$1.2M | -$1.08M | -$3.41M | $624K |
| Net Income Margin | -37.5% | -6.0% | -5.5% | -26.6% | 5.5% |
| Supplementary Data | |||||
| EPS | -17.53 | -2.52 | -1.97 | -6.40 | 1.14 |
| Diluted EPS | -17.53 | -2.52 | -1.97 | -6.40 | 1.14 |
| Weighted Average OS | 595,498 | 479,501 | 547,686 | 547,686 | 547,686 |
| EBITDA | -$10.1M | -$809K | -$658K | -$2.8M | $1.63M |
| EBITDA Margin | -36.3% | -4.0% | -3.3% | -21.9% | 14.4% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $389K | $228K | $607K | $714K | $573K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $389K | $228K | $607K | $714K | $573K |
| Accounts Receivable | $329K | $163K | $671K | $495K | $3.41M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $43K | $16K | $49K | $42K | $101K |
| Total Current Assets | $9.38M | $1.12M | $2.13M | $1.57M | $6.19M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $1.99M | $2.67M | $3.7M | $5.14M | $14.81M |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $109K | $609K | $610K | $660K | $685K |
| Long-Term Investments | $2K | $2K | $2K | $60K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $608K | $106K | $110K | $170K | $416K |
| Total Long-Term Assets | $2.71M | $3.39M | $4.42M | $6.03M | $15.91M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $12.09M | $4.51M | $6.55M | $7.61M | $22.1M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $428K | $560K | $1.07M | $495K | $153K |
| Short-Term Debt | $3.34M | $3.39M | $3.3M | $2.45M | $6K |
| Current Income Tax Payable | $118K | $48K | $63K | $49K | $205K |
| Current Unearned Revenue | $2.79M | $2.1M | $3.08M | $3.48M | $6.58M |
| Other Current Liabilities | $2.14M | $610K | $170K | $296K | $743K |
| Total Current Liabilities | $10.3M | $9.24M | $9.34M | $8.44M | $9.96M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $0 | $0 | $43K | $465K |
| Long-Term Unearned Revenue | $135K | $127K | $277K | $379K | $346K |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $35K | $44K | $53K | $88K | $339K |
| Total Long-Term Liabilities | $1.89M | $2.47M | $3.22M | $4.56M | $14.33M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $12.19M | $11.71M | $12.56M | $13M | $24.29M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $2K | $2K | $639 | $639 |
| Retained Earnings | -$29.3M | -$18.86M | -$17.66M | -$16.58M | -$13.17M |
| Comprehensive Income & Other | $403K | $513K | $496K | $38K | -$166K |
| Other Stockholders' Equity | $21.66M | $11.66M | $11.64M | $11.19M | $10.98M |
| Total Equity | -$7.64M | -$7.2M | -$6.01M | -$5.39M | -$2.19M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.55M | $4.51M | $6.55M | $7.61M | $22.1M |
| Supplementary Data | |||||
| Total Debt | $5.68M | $6.27M | $7.04M | $7.37M | $15.39M |
| Net Debt | $5.29M | $6.05M | $6.43M | $6.66M | $14.81M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 |
| Operating Activities | |||||
| Net Income | -$10.44M | -$1.2M | -$1.08M | -$3.41M | $624K |
| Depreciation & Amortization | $192K | $243K | $317K | $598K | $1.04M |
| Deferred Income Tax | $1K | $6K | -$8K | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$174K | $550K | -$286K | -$499K | $71K |
| Inventory | -$7.16M | $68K | -$314K | $10K | $152K |
| Accounts Payable | -$139K | -$511K | $639K | $480K | $34K |
| Other Working Capital | -$239K | -$1.64M | -$1.63M | -$2.92M | -$771K |
| Total Working Capital Change | -$7.71M | -$1.54M | -$1.59M | -$2.94M | -$513K |
| Other Non-Cash Items | $7.28M | $867K | $869K | $2.08M | $184 |
| Net Cash from Operating | -$10.68M | -$1.62M | -$1.5M | -$3.66M | $1.15M |
| Investing Activities | |||||
| Capital Expenditures | -$4K | -$1K | -$5K | -$387K | -$111K |
| Acquisitions | $386 | $0 | $29K | -$72K | $5K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $12K | $3M | $0 |
| Net Cash from Investing | -$4K | -$1K | $35K | $2.54M | -$106K |
| Financing Activities | |||||
| Debt Repaid | - | - | -$1.45M | -$2.83M | -$453K |
| Common Stock Issuance | $10.3M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $630K | $1.12M | $232K | -$871K | -$2.33M |
| Net Cash from Financing | $10.84M | $1.24M | $1.45M | $1.29M | -$1.87M |
| Forex Effect | $4K | $1K | -$93K | -$27K | $102K |
| Net Change in Cash | $162K | -$380K | -$106K | $141K | -$726K |
| Supplementary Data | |||||
| Operating Cash Flow | -$10.68M | -$1.62M | -$1.5M | -$3.66M | $1.15M |
| Capital Expenditure | -$4K | -$1K | -$5K | -$387K | -$111K |
| Free Cash Flow | -$10.68M | -$1.62M | -$1.5M | -$4.05M | $1.04M |
| Cash at Beginning | $228K | $607K | $714K | $573K | $1.3M |
| Cash at End | $389K | $228K | $607K | $714K | $573K |