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. - August 16, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced the execution of the Third Amendment to the Existing Credit Agreement. Craig White, CEO of Educational Development Corporation, announced that the Company has executed the Third Amendment to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"), effective August 9, 2023.

Educational Development Corporation Announces Third Amendment to the Existing Credit Agreement

Tulsa, Oklahoma--(Newsfile Corp. - August 10, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports it is finalizing a new loan agreement with it's lender, Bank of Oklahoma, to replace the expiring Revolving Promissory Note. The planned agreement will extend through January 31st, 2024.

Educational Development Corporation Announces Planned Execution of New Credit Agreement with Lender

Tulsa, Oklahoma--(Newsfile Corp. - July 13, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the first quarter for fiscal year 2024. First Quarter Summary Compared to the Prior Year First Quarter Net revenues of $14.5 million, a decrease of $8.7 million, or 37.5%, compared to $23.2 million.

Educational Development Corporation Announces First Quarter Fiscal Year 2024 Results

Tulsa, Oklahoma--(Newsfile Corp. - June 30, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2024 first quarter earnings call. EDC will host its First Quarter Fiscal Year 2024 Earnings Call, including a live Q&A webcast, on Thursday, July 13, 2023 at 3:30 PM CT (4:30 PM ET).

Educational Development Corporation Announces Fiscal 2024 First Quarter Earnings Call

Tulsa, Oklahoma--(Newsfile Corp. - June 20, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books, educational toys and manipulatives for children, today announced that Craig White, President and CEO, Heather Cobb, Chief Sales and Marketing Officer and Dan O'Keefe, Chief Financial Officer will attend virtual investor meetings at the East Coast IDEAS Investor Conference on June 21st. About IDEAS Investor Conferences The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals.

Educational Development Corporation to Present at the 13th Annual East Coast Ideas Investor Conference Held Virtually June 21 and 22, 2023

Educational Development Corporation (NASDAQ:EDUC ) Q4 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants Steven Hooser - Investor Relations Craig White - President & Chief Executive Officer Dan O'Keefe - Chief Financial Officer Heather Cobb - Chief Sales & Marketing Officer Conference Call Participants Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Educational Development Corporation's Financial and Operating Results for its Fiscal Fourth Quarter and Fiscal 2023 Year-to-date Results. As a reminder, this conference is being recorded.

Educational Development Corporation (EDUC) Q4 2023 Earnings Call Transcript

Tulsa, Oklahoma--(Newsfile Corp. - May 11, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal fourth quarter and fiscal year ended February 28, 2023. Year-to-Date Summary Compared to the Prior Year Net revenues of $87.8 million, a decrease of $54.4 million, or 38.3%, compared to $142.2 million.

Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2023 Results

Tulsa, Oklahoma--(Newsfile Corp. - May 2, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal year 2023 earnings call, as well as, the date of the annual shareholders meeting and record date for shareholder proxy vote. EDC will host its Fiscal Year 2023 Earnings Call, including a live Q&A webcast, on Thursday, May 11, 2023 at 3:30 PM CT (4:30 PM ET).

Educational Development Corporation Announces Fiscal Year 2023 Earnings Call, 2023 Annual Meeting of Shareholders and Record Date

Educational Development Corporation (NASDAQ:EDUC ) Q3 2023 Earnings Conference Call January 5, 2023 4:30 PM ET Corporate Participants Steven Hooser - Investor Relations Craig White - President and Chief Executive Officer Dan O'Keefe - Chief Financial Officer Heather Cobb - Chief Sales & Marketing Officer Conference Call Participants Operator Good afternoon, everyone. And thank you for participating in today's conference call to discuss Educational Development Corporation's Financial and Operating Results for its Fiscal Third Quarter and Fiscal 2023 Year-to-date Results.

Educational Development Corporation (EDUC) Q3 2023 Earnings Call Transcript

Tulsa, Oklahoma--(Newsfile Corp. - January 5, 2023) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financial results for the third quarter and year-to-date ended November 30, 2022.Third Quarter Highlights Compared to the Prior Year Third QuarterNet revenues were $30.3 million, a decrease of $14.8 million, or 32.8%, compared to $45.1 million.Average active direct-sales consultants totaled 27,100 compared to 41,500.

Educational Development Corporation Announces Fiscal Third Quarter and Fiscal 2023 Year-To-Date Results

Tulsa, Oklahoma--(Newsfile Corp. - December 22, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) provides updated Conference call ID information for upcoming earnings call.EDC will host its Third Quarter Fiscal 2023 Earnings Call, including a live Q&A webcast, on Thursday, January 5, 2023 at 3:30 PM CT (4:30 PM ET).

Educational Development Corporation Announces Updated Third Quarter Conference Call Information

Additionally Announces Third Quarter Fiscal Year Earnings CallTulsa, Oklahoma--(Newsfile Corp. - December 21, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the rebranding of its Home Business Division to PAPERPIE and the date of their third quarter fiscal 2023 earnings call.The Company completed rebranding its Home Business Division and announces its new name, PaperPie. Per Craig White, President and Chief Executive Officer, "Our Home Party Division generates over 85% of our Company's sales.

Educational Development Corporation Announces Rebranding of Home Business Division - PaperPie

Tulsa, Oklahoma--(Newsfile Corp. - November 3, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books for children, today announced that Craig White, CEO will present at the Southwest IDEAS Investor Conference on Thursday, November 17, 2022 at the Westin Dallas Downtown in Dallas, TX. Educational Development's presentation is scheduled to begin at 1:30pm CT.

Educational Development Corporation to Present at the 14th Annual Southwest Ideas Investor Conference on November 16th and 17th in Dallas, TX

Tulsa, Oklahoma--(Newsfile Corp. - October 26, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books for children, today reports acquisition of SmartLab Toys, a creator of S.T.E.A.M. toys and games that focus on hands-on, educational experiences to encourage kids to develop skills in the core disciplines of Science, Technology, Engineering, Arts, and Math.

Educational Development Corporation Expands Product Offering with Acquisition of SmartLab Toys

Educational Development Corporation (NASDAQ:EDUC ) Q2 2023 Earnings Conference Call October 6, 2022 4:30 PM ET Company Participants Steven Hooser - Investor Relations Craig White - President and Chief Executive Officer Dan O'Keefe - Chief Financial Officer & Secretary Heather Cobb - Chief Sales & Marketing Officer Conference Call Participants Operator Good afternoon, everyone. And thank you for participating in today's conference call to discuss Educational Development Corporation's Financial and Operating Results for its Fiscal Second Quarter and Fiscal 2023 Year-to-date Results.

Educational Development Corporation (EDUC) Q2 2023 Earnings Call Transcript

Tulsa, Oklahoma--(Newsfile Corp. - October 6, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books for children, today reports financial results for the second quarter and year-to-date ended August 31, 2022.Second Quarter Highlights Compared to the Prior Year Second QuarterNet revenues were $19.4 million, a decrease of $13.6 million, or 41.2%, compared to $33.0 million.Average active UBAM sales consultants totaled 26,800 compared to 46,100.

Educational Development Corporation Announces Fiscal Second Quarter and Fiscal 2023 Year-to-Date Results

Tulsa, Oklahoma--(Newsfile Corp. - September 30, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their second quarter fiscal 2023 earnings call.EDC will host its Second Quarter Fiscal 2023 Earnings Call, including a live Q&A webcast, on Thursday, October 6, 2022 at 3:30 PM CT (4:30 PM ET).

Educational Development Corporation Announces Second Quarter Fiscal Year 2023 Earnings Call

Tulsa, Oklahoma--(Newsfile Corp. - August 11, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced that the Company has executed a new Credit Agreement ("Loan Agreement") with BOKF, NA dba Bank of Oklahoma.

Educational Development Corporation Announces New Loan Agreement

Tulsa, Oklahoma--(Newsfile Corp. - July 6, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the first quarter for fiscal year 2023.First Quarter Highlights Compared to the Prior Year First QuarterNet revenues of $23.2 million, a decrease of $17.6 million, or 43.1%, compared to $40.8 million.Average active UBAM sales consultants totaled 32,200 compared to 55,100.Earnings before income taxes were $0.3 million, a decrease of $4.4 million, or...

Educational Development Corporation Announces First Quarter Fiscal Year 2023 Results

Tulsa, Oklahoma--(Newsfile Corp. - May 27, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC," or the "Company") (http://www.edcpub.com) today announces the date of the annual shareholders meeting and record date of shareholders.The Annual Meeting of Shareholders of Educational Development Corporation will be held on July 6, 2022 at 10:00 a.m. at the Corporate Offices, 5402 S. 122nd East Ave in Tulsa, Oklahoma. Shareholders of record at the close of business on June 2, 2022 are...

Educational Development Corporation Announces 2022 Annual Meeting of Shareholders and Record Date

Tulsa, Oklahoma--(Newsfile Corp. - May 19, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC," or the "Company") (http://www.edcpub.com) today reports a new Distribution Agreement with Usborne Publishing Limited effective May 16, 2022.Under the terms of the new agreement, EDC's UBAM direct sales division will have continuous access to sell Usborne titles through its sales channels. UBAM will also continue to have non-exclusive rights to sell Usborne titles to individuals in the School and Library...

Educational Development Corporation Announces New Distribution Agreement with Usborne Publishing Limited

Educational Development Corporation (NASDAQ:EDUC ) Q4 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Craig White - CEO Heather Cobb - Chief Sales and Marketing Officer Dan O'Keefe - CFO Operator Thank you for joining the Educational Development Corporation's Third (sic) [Fourth] Quarter Earnings Call. Before beginning the call, I would like to remind you that some of the statements made today will be forward-looking and are protected under the Private Securities Litigation Reform Act of 1995.

Educational Development Corporation (EDUC) CEO Craig White on Q4 2022 Results - Earnings Call Transcript

Tulsa, Oklahoma--(Newsfile Corp. - May 4, 2022) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today reports financial results for the fiscal fourth quarter and fiscal year ended February 28, 2022.Fiscal Year End Highlights Compared to the Prior YearNet revenues of $142.2 million, a decrease of $62.4 million, or 30.5%, compared to $204.6 million.Average active UBAM sales consultants totaled 44,900.Earnings before income taxes were $11.2 million, a decrease of $6.0 million, or...

Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal Year 2022 Results

Tulsa, Oklahoma--(Newsfile Corp. - March 18, 2022) - Educational Development Corporations (NASDAQ: EDUC), a publishing company specializing in books for children, today announced that the Company will present and host one-on-one meetings at the Sidoti Spring Virtual Investor Conference taking place on March 23-24, 2022. Craig White, President and CEO will provide an update on the business.The presentation will begin at 10:00 AM Eastern Time on March 24, 2022. Educational Development will also host one-on-one...

Educational Development to Present at The Sidoti Virtual Investor Conference on March 24, 2022

Educational Development Corp sells educational books for kids through a multi-level marketing network with 30 thousand partners. The company's products were a success during the pandemic both for children and for parents.

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