Educational Development

Educational Development Corp. engages in the provision of educational children's books. It operates through the Home Business and Publishing segments. The Home Business (Usborne Books & More or UBAM) segment sells books through independent consultants directly to customers by hosting home parties, through social media collaboration platforms on the internet, by hosting book fairs with school and public libraries. The Publishing (EDC Publishing) segment sells its products to bookstores, toy stores, specialty stores, museums, and other retail outlets. The company was founded on August 23, 1965 and is headquartered in Tulsa, OK.

Earnings data Q4 2021

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Educational Development Corp focuses on cash flow amidst revenue decline

Educational Development Corporation prioritized cash flow amidst economic challenges, reporting lower net revenues and a net loss in Q4 2024.
Despite the challenges, strategic initiatives like the e-commerce platform launch and product diversification show a proactive approach to drive growth.
Opportunities for improvement include the sale and leaseback of the headquarters building and leveraging e-commerce for future expansion.

Educational Development Corp prioritizes cash flow amidst revenue challenges

Educational Development Corporation faced revenue challenges in Q1 but strategically managed cash flow and inventory, focusing on financial stability and operational efficiency.
The company's proactive approach to reducing expenses, increasing profitability, and strengthening the business model reflects a commitment to long-term financial health and growth.
While challenges persist in revenue generation and market reach, opportunities lie in transparent communication, innovative growth strategies, and financial optimization initiatives.
Navigating economic uncertainties and liquidity risks, Educational Development Corporation aims to adapt, innovate, and enhance financial resilience to drive sustainable performance and shareholder value.

Educational Development Corp addresses challenges with strategic initiatives for growth

Educational Development Corporation faced challenges in financial performance due to lower revenues and active partners, resulting in net losses.
Despite the setbacks, the company is proactively addressing issues through inventory management, sales initiatives, and strategic cost-saving measures.
Opportunities for improvement exist in leveraging the sale leaseback, enhancing sales strategies, and optimizing operations for long-term success.

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Educational Development Corp. engages in the provision of educational children's books. It operates through the PaperPie and Publishing segments. The PaperPie segment sells books through independent consultants directly to customers by hosting home parties, through social media collaboration platforms on the internet, by hosting book fairs with school and public libraries. The Publishing segment sells its products to bookstores, toy stores, specialty stores, museums, and other retail outlets. The company was founded on August 23, 1965 and is headquartered in Tulsa, OK.

Tulsa, Oklahoma--(Newsfile Corp. - January 6, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the third quarter and year-to-date ended November 30, 2021.Pre-COVID, COVID Impacted and Current Year Comparison"We are encouraged to report that we continue to exceed pre-pandemic levels in our fiscal third quarter with increases in net revenues and average number of consultants and improved after tax profitability on a year-to-date basis. Last year,...

Educational Development Corporation Announces Fiscal Year 2022 Third Quarter and Year-To-Date Results

Tulsa, Oklahoma--(Newsfile Corp. - December 22, 2021) - Educational Development Corp. (NASDAQ: EDUC), a publishing company specializing in books for children, today announced plans to release financial results for its third fiscal quarter ended November 30, 2021. The company will announce earnings after the close on January 6, 2022. Educational Development Corp. will also host an earnings conference call followed by a question-and-answer session to be held on January 6, 2022 at 4:30 PM Eastern...

Educational Development Corp. to Host Third Quarter 2021 Earnings Call

Tulsa, Oklahoma--(Newsfile Corp. - December 6, 2021) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") today announced that the Company has completed the purchase of Learning Wrap-Ups, Inc."We are pleased to have completed the previously announced acquisition of Learning Wrap-Ups, Inc. and have the entire LWU staff, led by Ron and Rich Stuart, join our EDC family. We have been working with Learning Wrap-Ups since 1995 and believe their manipulative learning...

Educational Development Corporation Announces Strategic Acquisition of Learning Wrap-Ups

While EDUC revenues are likely to decline modestly as people stop staying at home, we believe revenues will still be above pre-pandemic levels due to their consultant-style selling.

Educational Development Corporation: Stock Decline, Management Incentive Alignment Indicate Potentially Attractive Entry Point

Tulsa, Oklahoma--(Newsfile Corp. - November 24, 2021) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced the execution of the Fourth Amendment to Amended and Restated Loan Agreement.Craig White, CEO of Educational Development Corporation, announced that the Company has executed the Fourth Amendment to the Amended and Restated Loan Agreement with its primary lender. The Amendment modifies the Loan Agreement, establishing Term Loan #2 in the principal amount of $10,000,000, amends the definition of LIBO Rate...

Educational Development Corporation Announces Fourth Amendment to Amended and Restated Loan Agreement Which Establishes $10,000,000 Term Loan #2

Tulsa, Oklahoma--(Newsfile Corp. - November 15, 2021) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), today announced that Craig White, President and Chief Executive Officer and Heather Cobb, Chief Sales and Marketing Officer will present at the Southwest IDEAS Investor Conference on November 18th, 2021 at the Westin Dallas Downtown in Dallas, TX. EDC's presentation is scheduled to begin at 2:15 PM CST. The presentation will be webcast live and may be accessed through...

Educational Development Corporation to Present at the 13th Annual Southwest IDEAS Investor Conference on November 17th & 18th in Dallas, TX

Q2 results were a double whammy with a sharp decline in sales and a significant build-up of inventory funded by debt.

Educational Development Corporation: Turning Inventory Into Cash Flow

Educational Development Corporation (EDUC) CEO Craig White on Q2 2022 Results - Earnings Call Transcript

Presentation on October 13 at 3:30 PM ETTulsa, Oklahoma--(Newsfile Corp. - October 7, 2021) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) announced today that it will be presenting at the 14th annual Main Event on October 13 at 12:30 pm PT/ 3:30 pm ET at the Luxe Sunset Bel-Air in Los Angeles. Craig White, President and CEO of Educational Development, will be giving the presentation."We are honored to be back in person with some of the finest companies...

Educational Development Corporation to Present at LD Micro Main Event

Educational Development Corporation (NASDAQ: EDUC) reported a second-quarter FY22 net revenue decline of 44.4% year-on-year, to $32.94 million. The average active UBAM sales consultants totaled 46,100.

Educational Development Clocks 44% Revenue Decline In Q2

Tulsa, Oklahoma--(Newsfile Corp. - October 7, 2021) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the second quarter and year-to-date ended August 31, 2021.Pre-COVID, COVID Impacted and Current Year Comparison"As a result of the pandemic, 2020 was a very unusual year for all companies. Ours was no exception. Fortunately, we saw an increase in demand for our products, and we were poised and ready to meet the opportunity....

Educational Development Corporation Announces Fiscal Year 2022 Second Quarter and Year-to-Date Results

Tulsa, Oklahoma--(Newsfile Corp. - October 5, 2021) - Educational Development Corp. (NASDAQ: EDUC), a publishing company specializing in books for children, today announced plans to release financial results for its second fiscal quarter ended August 31, 2021. The Company will announce earnings after market close on October 6, 2021. Educational Development Corp. will also host an earnings conference call followed by a question-and-answer session to be held on October 7, 2021 at 4:00 PM Eastern...

Educational Development Corp. to Host Second Fiscal Quarter 2022 Earnings Call

Tulsa, Oklahoma--(Newsfile Corp. - August 12, 2021) - Educational Development Corporation (NASDAQ: EDUC) today announced that Randall White, Active Chairman of the Board will be attending the Q3 Virtual Investor Summit.  Event Q3 Investor Summit Date August 17-18th, 2021 Presentation August 18th at 12:30 PM ET

Educational Development Corporation to Present at the Q3 Virtual Investor Summit

Publishing company Educational Development Corp's (NASDAQ: EDUC) Randall White transitioned from CEO to Executive Chairman.  The company promoted COO Craig White to CEO.

Educational Development Announces CEO Transition, Promotes Craig White As CEO

Craig White Promoted to President, Chief Executive Officer and Appointed to the Board of Directors Craig White Promoted to President, Chief Executive Officer and Appointed to the Board of Directors

Educational Development Corporation Announces Executive Management Change

TULSA, Okla., July 07, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports record first quarter net revenues and increased earnings per share results for the quarter ended May 31, 2021.

Educational Development Corporation Announces Record First Quarter Fiscal Year 2022 Results

EDUC is the exclusive US co-publisher of educational children's books produced by famous Usborne Publishing by leveraging multilevel marketing (MLM) strategy. It has strong fundamentals, fair valuation, and a compelling growth story that is being ignored by the market.

Educational Development Corp.: Growth Risk Might Be Overblown

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TULSA, Okla., June 16, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) reports that the Company has estimated net revenues in fiscal first quarter 2022 totaling approximately $40.8 million. This represents an increase of $2.5 million, or 6.5%, from net revenues achieved in fiscal first quarter 2021 of $38.3 million.   The Company estimates earning per share for the quarter between $0.38 and $0.41, which is an increase over the earnings of $0.23 per share reported for the first quarter of fiscal 2021. The Company's Usborne Books & More (UBAM) division averaged approximately 55,100 active consultants during the first quarter, an increase of 66% over 33,100 average active consultants reported for the first quarter last year.

Educational Development Corporation Announces Record Fiscal First Quarter Estimated Net Revenues, Earnings and Active Sales Consultants in the Company's UBAM Division

EDUC's price decline is likely an overreaction due to the expectation of declining sales post-COVID boost. Multiple signs are showing that management is confident of the continued sustained growth of the company.

Educational Development Corporation: An Undervalued Growing Cash Generator

Educational Development Corporation's (EDUC) CEO Randall White on Q4 2021 Results - Earnings Call Transcript

TULSA, Okla., May 12, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports record net revenues and earnings per share results for the fiscal fourth quarter and fiscal year ended February 28, 2021.

Educational Development Corporation Announces Record Fiscal Fourth Quarter, Fiscal Year 2021 Results

TULSA, Oka., May 07, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today announced it has retained Three Part Advisors, LLC, a rapidly growing, full-service investor relations ("IR") consulting firm.

Educational Development Corporation Retains Three Part Advisors as Investor Relations Counsel

TULSA, Okla., April 07, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) reports that the Company has achieved record net revenues in March 2021 totaling approximately $19.1 million, an increase of $10.9 million, or 133%, over net revenues achieved in March 2020 of $8.2 million. The Company's Usborne Books & More (UBAM) division achieved record net revenues in March 2021 totaling $17.9 million, an increase of $10.2 million, or 132%, over March 2020. The Company's Publishing division achieved net revenues of $1.2 million, an increase of $0.7 million, or 140%, over March last year. The Company's UBAM division finished March 2021 with approximately 56,400 active consultants.

Educational Development Corporation Announces Record Monthly Net Revenues and Active Sales Consultants in the Company's UBAM Division

TULSA, Okla., March 11, 2021 (GLOBE NEWSWIRE) -- Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) reports that the Company has achieved record net revenues in February 2021 totaling approximately $13.0 million, an increase of $6.3 million, or 94% over net revenues achieved in February 2020 of $6.7 million. Revenues for the fiscal fourth quarter totaled approximately $40.3 million, or 100% higher than net revenues reported in the fourth quarter last year. The Company also reports that net revenues for fiscal 2021 totaled approximately $204.6 million, or 81% higher than net revenues reported for fiscal year 2020 of $113.0 million.  The Company's Usborne Books & More (UBAM) division also finished February 2021 with approximately 57,600 active consultants, an increase of 95% over the number of active consultants at the end of February last year.

Educational Development Corporation Announces Record Monthly, Quarterly and Fiscal Net Revenues Estimates and Active Sales Consultants in the Company's UBAM Division

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