Educational Development Corp reported results for the quarter ended May 31, 2026, with revenue of $4.76M, a net loss of ($1.4M) and diluted loss per share of ($0.16), reflecting declines versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$4.76M$7.11M(33.1%) | Net income²($1.4M)($1.08M)(29.8%) | Diluted EPS³($0.16)($0.13)(23.1%) |
¹ Reported as “Net Revenues”. ² Reported as “Net Loss”. ³ Reported as “Diluted Loss Per Share”.
Business Highlights
- Revenue decline of about 33% year over year was driven by lower PaperPie and Publishing sales; the company reported $4.76M in the May 31, 2026 quarter versus $7.11M a year earlier.
- PaperPie active Brand Partners fell roughly 31% to about 5,300, reducing direct sales and commissions.
- Management is reducing excess inventory — noncurrent inventory is approximately $21M — and selling through stock to fund operations; consignment inventory is about $1.0M.
- Fewer new titles and earlier purchasing restrictions limited offerings; the company plans to resume new title introductions and implement system upgrades.
- Operational cash flow benefited from inventory drawdown and the company secured a $2M short-term loan for working capital needs.
Original SEC Filing:
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