Educational Development Corporation (EDUC)

Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2026 ResultsMay 19, 2026 4:00 PM
NewsfileTulsa, Oklahoma--(Newsfile Corp. - May 19, 2026) - 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, 2026.

Fiscal Year Summary Compared to the Prior YearNet revenues of $22.9 million compared to $34.2 million.Average active PaperPie Brand Partners totaled 5,800 compared to 12,300.Earnings before income taxes totaled $5.3 million. Excluding the gain on the building sale of $12.2 million, loss before income taxes were $(6.9) million.Income tax expense was $3.0 million, with an effective tax of 56.5%, due to a one-time valuation allowance of $1.5 million.Net earnings totaled $2.3 million.Earnings (loss) per share totaled $0.27, compared to a loss of $(0.63), on a fully diluted basis.
Fourth Quarter Summary Compared to the Prior Year Fourth QuarterNet revenues for the quarter were $4.2 million compared to $6.6 million.Average active PaperPie Brand Partners totaled 4,500 compared to 9,400.Loss before income taxes were $(2.1) million, a $0.6 million decline over the prior fiscal fourth quarter.Income tax expense was $1.0 million due to a one-time valuation allowance of $1.5 million.Net Loss totaled $(3.1) million a decline of $1.8 million over the prior fiscal fourth quarter.Loss per share totaled $(0.37) compared to loss per share of $(0.16), on a fully diluted basis.Per Craig White, Chief Executive Officer, "Throughout fiscal 2026, we continued to run promotions with discounted pricing, strategically prioritizing cash flow over profitability to reduce debt and lower inventory as part of our plan with the bank. These tactical decisions helped us reduce our bank debts and past due invoices with our vendors. Remember, during the third quarter of fiscal 2026, we completed the sale of the Hilti Complex for $32.2 million. The cash flow we produced coupled with the proceeds from that transaction allowed us to completely pay off our bank borrowings totaling $30.9 million and we now remain debt free.""During fiscal 2026, we reduced our inventory levels from $44.7 million to $37.7 million, generating $7.0 million of cash flows. Although we are debt free, we remain focused on reducing our excess inventory and the cash flow generated from inventory reductions is expected to further bolster our financial position. Our company has always taken a conservative approach to operations, and we believe the cash flow gained from reducing surplus inventory and our cost cutting efforts position us well for future growth and performance.""While completing the sale of the Hilti Complex and eliminating our interest and bank debts were our first priority, we have also continued to focus on reducing our operating expenses. At the end of the fiscal year, as the next step in our turn-around plan, we executed a strategic restructuring of our office and warehouse staff, including executive pay reductions, a small reduction in force, along with other expense reductions. The total saving to our general and administrative expenses should exceed $1.2 million in fiscal 2027, giving us the flexibility to continue our conservative purchasing plan which is expected to energize both of our sales divisions. I am glad to say that we have begun releasing new titles in early fiscal 2027 and are looking to add additional new titles this summer and fall. In addition, we announced a new $2.0 million Line of Credit with Regent Bank. This line gives us additional working capital, should we need it, to assist with the pace of our planned growth.""I am proud of the efforts of our team to stay focused during this challenging period of high inflation and the resulting reduced disposable income of our customers."EDUCATIONAL DEVELOPMENT CORPORATION
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended
February 28,
Twelve Months Ended
February 28,

2026
2025
2026
2025NET REVENUES
$4,178,300
$6,636,300
$22,913,600
$34,191,000


 

 

 

 EARNINGS (LOSS) BEFORE INCOME TAXES

(2,096,400)

(1,530,000)

5,346,800

(6,855,000)


 

 

 

 INCOME TAXES

1,010,600

(184,500)

3,021,600

(1,591,400)NET EARNINGS (LOSS)
$(3,107,000)
$(1,345,500)
$2,325,200
$(5,263,600)


 

 

 

 EARNINGS (LOSS) PER SHARE
$(0.37)
$(0.16)
$0.27
$(0.63)


 

 

 

 DIVIDENDS PER SHARE
$-
$-
$-
$-


 

 

 

 WEIGHTED AVERAGE NUMBER OF COMMON AND EQUIVALENT SHARES OUTSTANDING

 

 

 

 Basic

8,511,364

8,583,494

8,563,491

8,348,971Diluted

8,511,364

8,583,494

8,563,491

8,348,971 Fiscal 2026 Earnings CallDate: Tuesday, May 19, 2026
Time: 3:30 PM CT (4:30 PM ET)
Dial-in number: (800) 717-1738
Conference ID: 58335The conference call will be broadcast live and audio replays will be available following the event at www.edcpub.com/investors.

About Educational Development Corporation (EDC)EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books ("Kane Miller"); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited ("Usborne") children's books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales.Contact:
Educational Development Corporation
Craig White, (918) 622-4522Cautionary Statement for the Purpose of the "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995.The information discussed in this Press Release includes "forward-looking statements." These forward-looking statements are identified by their use of terms and phrases such as "may," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "continue," "potential," "should," "could," and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and we can give no assurance that such expectations or assumptions will be achieved. Known and unknown risks, uncertainties and other factors may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our success in recruiting and retaining new brand partners, our ability to locate and procure desired books, our ability to ship the volume of orders that are received without creating backlogs, our ability to obtain adequate financing for working capital and capital expenditures, economic and competitive conditions, regulatory changes and other uncertainties, the COVID-19 pandemic, as well as those factors discussed in our Annual Report on Form 10-K for the year ended February 28, 2026, all of which are difficult to predict. In light of these risks, uncertainties and assumptions, the forward-looking events discussed may not occur. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph and elsewhere in our Annual Report on Form 10-K for the year ended February 28, 2026 and speak only as of the date of this Press Release. Other than as required under the securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298021 Original: Educational Development Corporation Announces Fiscal Fourth Quarter and Fiscal 2026 Results

Educational Development Corporation Announces Fiscal Year 2026 Earnings Call, 2026 Annual Meeting of Shareholders and Record DateApril 21, 2026 4:04 PM
NewsfileTulsa, Oklahoma--(Newsfile Corp. - April 21, 2026) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal year 2026 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 2026 Earnings Call, including a live Q&A webcast, on Tuesday, May 19, 2026 at 3:30 PM CT (4:30 PM ET). Craig White, Chief Executive Officer and President, Heather Cobb, Chief Sales and Marketing Officer, Dan O'Keefe, Chief Financial Officer, and Secretary, will present the Company's year-end results and be available for questions following the presentation. Phone lines for participants will be available at (800) 717-1738. The Conference ID is 58335. Audio replays will be available following the event at www.edcpub.com/investors.The Annual Meeting of Shareholders of Educational Development Corporation will be held on July 8, 2026, at 10:00 AM CT (11:00 AM ET) at the Corporate Offices, 5402 S. 122nd E. Ave. in Tulsa, Oklahoma. Shareholders of record at the close of business on May 19, 2026 are entitled to vote on annual proxy matters and to participate in the Annual Meeting.On or around May 28, 2026, we will mail the Important Notice Regarding the Availability of Proxy Materials (the "Notice") to all shareholders of record at the close of business on May 19, 2026 and post our proxy materials on our website. As described in the Notice, you may request a printed set of proxy materials, including our Annual Report and Form 10-K for the fiscal year ended February 28, 2026, if you do not wish to access the materials on our website. In addition, the Notice will provide information regarding how you may request to receive proxy materials by mail or by email on an ongoing basis.About Educational Development Corporation (EDC)EDC began as a publishing company specializing in books for children. EDC is the owner and exclusive publisher of Kane Miller Books ("Kane Miller"); Learning Wrap-Ups, maker of educational manipulatives; and SmartLab Toys, maker of STEAM-based toys and games. EDC is also the exclusive United States MLM distributor of Usborne Publishing Limited ("Usborne") children's books. EDC-owned products are sold via 4,000 retail outlets and EDC and Usborne products are offered by independent brand partners who hold book showings through social media, book fairs with schools and public libraries, in individual homes, as well as other in-person events and internet sales.Contact:
Educational Development Corporation
Craig White, (918) 622-4522To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293684
Original: Educational Development Corporation Announces Fiscal Year 2026 Earnings Call, 2026 Annual Meeting of Shareholders and Record Date

Educational Development Corporation Announces New Loan Agreement and Banking RelationshipMarch 11, 2026 4:30 PM
NewsfileTulsa, Oklahoma--(Newsfile Corp. - March 11, 2026) - Educational Development Corporation (NASDAQ: EDUC) ("EDC") (http://www.edcpub.com) today announced that the Company has executed a new Credit Agreement ("Loan Agreement") with Regent Bank. The Loan Agreement establishes a revolving promissory note in the principal amount up to $2,000,000 (the "Revolving Loan"). Interest shall be calculated each month on the borrowings outstanding. No funds were initially drawn on the agreement. The Credit Agreement was secured by the assets of the Company including; accounts receivable, inventory, equipment and excess land. As an additional inducement to enter into the Loan Agreement, the Lender required the personal guarantee of Craig White ("Guarantor"), President and Chief Executive Officer of the Company. Along with the new Loan Agreement, the Company will begin transitioning its treasury and other financial services to Regent Bank.Mr. White commented, "As we have previously announced, we have been looking to work with a new lender on our short-term borrowing needs. We are pleased to announce that we have executed a new relationship that offers us a revolving loan which will allow us to purchase new titles and execute our growth strategy. With our new relationship with Regent Bank, we will have increased borrowing capacity with reduced interest rates on borrowings from our previous lender. The increased capacity comes with an expanded definition of our eligible assets associated with our revolving loan. We appreciate this vote of confidence from Regent Bank in our business, people, platform and strategy. I also want to thank our team for their hard work in executing this new financial partnership."About Educational Development Corporation (EDC)EDC is a publishing company specializing in books for children. EDC is the exclusive United States Multi-Level Marketing distributor of Usborne Publishing Limited ("Usborne") children's books and the owner and exclusive publisher of Kane Miller Books ("Kane Miller"); both international award-winning publishers of children's books. EDC's current catalog contains almost 2,000 titles, with new additions semi-annually. Products are sold via 4,000 retail outlets and by independent consultants, who hold book showings in individual homes, through social media, book fairs with school and public libraries, direct and internet sales. Contact:
Educational Development Corporation
Craig White, (918) 622-4522To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288147
Original: Educational Development Corporation Announces New Loan Agreement and Banking Relationship

1.33

I don't know, man. Look at the chart! Looks ready to blow!!

educ........................................................P/M

EDUC a/h news .. Educational Development Corporation Announces Sale and Leaseback Agreement of Headquarters and Warehouse Facility https://finance.yahoo.com/news/educational-development-corporation-announces-sale-200000246.html

Pump me up educationally

EDUC...................................................https://stockcharts.com/h-sc/ui?s=EDUC&p=W&b=5&g=0&id=p86431144783

EDUC....................................https://stockcharts.com/h-sc/ui?s=EDUC&p=W&b=5&g=0&id=p86431144783

Just figured I'd check in here. I used to own this. Didn't make nearly as much as I could have if I'd held longer, but can't complain.

What is going on with this plunge?

At what price would one recommend closing out a short position?

Curious as to a target price & what (charts, technical, or fundamentals) that might be based on.

TIA...

Did you notice how their revenues break records in Q1?

If the stock is going to cooperate it looks like the BEST TIME to buy is just before they report EACH YEAR prior to the release of Q1 numbers.

The TREND is my friend!

Hoping we see some more short-term downside before the FALL buying season into the New Year settles in. I'm a patient guy... I can wait! Thanks for posting.

Still lurking & WAITING for a bottom signal & the foundation put in for a REVERSAL!

It would be NATURAL for this guy to get stable around September going into their BEST Q y-o-y as they've consistently put forward GREAT numbers (comparatively speaking) going into & coming out of that FOURTH QUARTER.

Let's see if she stabilizes by September or so! On close watch. GLA

CHART ALERT - Looks like it might be time to PAY closer ATTENTION & get ready for an ENTRY! We're almost there by the looks of things! Guess time will tell,... ALWAYS DOES!

Educational Development Corporation Announces Record Monthly Net Revenues and Active Sales Consultants in the Company’s UBA...

...

This one is way overbought. Starting a short position....

EDUC moving higher again.

I still don't understand why people were selling so many shares down at $5. But that selling has dried up, the book seller counts are rising, and this is heading up to $10 or better.

Nice move today. Nobody else on IHUB bought cheapies while they were available? Mighty quiet here.

We all knew they had taken a hit on "consultants" and that revenues and earnings would take a bit of a hit.

The market already priced that in.

What hasn't been priced in is the recent increase in consultants, and the late-quarter uptick in sales.

Is this finally going to turn back up?

Any current thoughts on EDUC?

I think it has bottomed and is heading back up...

EDUC now all the way down at $5.70. The P/E is something like 7. Yield is well over 3%. Looking very attractive.

EDUC's 10-K shows that it has been buying back shares in this range, and they have authorized the purchase of up to 10% of the float. I doubt the PPS will drop much further.

EDUC earnings look very healthy. Check it out.

The trading here is so silly. All of a sudden we're back in the 9s?

Never should have dropped. Such low volume.

Bought again today.

Took a starter today -- small position at 8.40. Hoping to get a bunch more down closer to 8.00.

This stock has been very good to me in the past...

The College Monk

Love my stock picks Nick. The market is going to enjoy those results.

And what a LOVELY CORRECTION we've had here!!

From sub-$4's to nearly $28.00

It's been a GREAT RUN!! I LOVE my stock picks, calls & puts!


$EDUC

EDUC buy 19.15

bull flag



















normal chart




log chart

STILL working HIGHER!! Love my picks...getting READY to HARVEST here soon for GREENER pastures though I feel there's MORE UPSIDE to be had!!

Loving my picks & positions...GREEN EVERYWHERE!!

$EDUC

Let's see if we retest & BREAK-UP THROUGH $13.- here...


$EDUC

LOVED those sub-$10's; ESPECIALLY at the 200DMA... & AFTER that gap down.

Simply could NOT resist buying there...

GREAT to see the pop ...& MOVE UPWARDS here...

NOTE: All they need to do now is announce the restoration of their divi's (which I anticipate is NOT TOO far down the road here; perhaps in 2018/19) & the stock is at $15+ (& may be running $20) before next Christmas EASY PEEZY!!! Bought this guy before (around the sub-$8's) but didn't get NEARLY enough as I was expecting a break DOWN lower with all the short-interest involvement; but they (shorts) let me down BIGGLY!!

A beaten down stock in a family-owned business that has stumbled into lower valuations as they've endeavored to "modernize" operations BUT ran into significant challenges managing their GROWTH. But with a solid product, brand, loyal followers, & room for MORE GROWTH as they get their software & systems prepared to handle it they're capable of huge valuation higher from here...& then there is ALWAYS the opportunity (to revisit the incorporation, &/or even a BUYOUT) with AMAZON.

Time will tell....ALWAYS DOES!!



$EDUC

lets see some teen price today

Sold my remaining shares this afternoon. Nice prices!

Revenues $106,628,100, an increase of 68%...Eps $0.70 Cents

It's not obvious from that PR, but on p. 36 of the 10-K you'll see a comparison of each of the quarterly earnings with last fiscal year's qtrly earnings.

EDUC's Q4'17 saw EPS of .16, whereas the comparable Q4'16 was a negative: -0.03

Big improvement!

Here's the text of the PR released before the 10-K:

Educational Development Corporation Announces Record Fiscal 2017
05/30/2017 @ 4:36PM
GlobeNewswire Inc

Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today reports record net sales and earnings per share results for the fiscal year ended February 28, 2017.

Randall White, CEO of Educational Development Corporation, announced that for the fiscal year 2017, the Company reports record net revenues of $106,628,100, an increase of $43,009,800, or 68%, when compared to $63,618,300 for the previous year. Fiscal 2017 net earnings totaled $2,860,900, compared to $2,119,300 in fiscal 2016, an increase of 35%. Fiscal year 2017 earnings per share were $0.70 compared to $0.52 the previous year, up 34% on a fully diluted basis.

The direct sales division, Usborne Books & More (“UBAM”) continued to have strong growth this year driven by the success and growth of our active sales consultants. Net revenues in this division increased by 85% from $52,786,900 in fiscal year 2016 to $97,620,600 in fiscal year 2017. The number of active direct sales consultants also increased to 25,800 at the end of fiscal 2017, an increase of 32% over the active consultant count from the end of fiscal year 2016.

The retail division, EDC Publishing, experienced a decline in net revenues due primarily to order cancellations in the second half of the fiscal year when our shipping lead times were delayed. EDC Publishing revenues declined $1,823,900, or 17%, from $10,831,400 in fiscal 2016 to $9,007,500 in fiscal 2017.

Per Mr. White, “Fiscal year 2017 is the second straight year of amazing revenue growth. We exceeded the $100M Annual Sales hurdle for the first time in the Company’s history and achieved record earnings per share. This success could not have occurred without the incredible effort of our UBAM Sales Consultants and the hard work of our office and warehouse employees.

In addition to the revenue growth, the Company also completed our first full year in our new office and warehouse facility. Along with the facility upgrade, we implemented a new inventory tracking system and warehouse management system to improve order fulfillment and a new accounting system to improve financial reporting. We will see the benefits from these new systems in the months and years to come as we now have the ability to ship more orders on a daily basis and have improved insight in our financial performance.

During the second half of the year, the Company also went live on a new sales consultant front office system. The conversion to this system created several sales and operational issues and it became clear that the new system was not going to be an acceptable front office solution for our consultants. We changed back to our proprietary system in February of 2017 and recognized an impairment for the development costs. While the planned conversion was unsuccessful, we are now focused on making enhancements to our original proprietary system to ensure our sales consultants have a front office platform that helps them succeed.”

EDUCATIONAL DEVELOPMENT CORPORATION
CONDENSED STATEMENT OF EARNINGS
Twelve Months Ended February 28(29)
2017 2016
NET REVENUES 106,628,100 63,618,300
EARNINGS BEFORE INCOME TAXES 4,612,100 3,545,900
INCOME TAXES 1,751,200 1,426,600
NET EARNINGS $ 2,860,900 $ 2,119,300

BASIC AND DILUTED EARNINGS
PER SHARE:
Basic $ 0.70 $ 0.52
Diluted $ 0.70 $ 0.52

WEIGHTED AVERAGE NUMBER OF
COMMON AND EQUIVALENT SHARES
OUTSTANDING:
Basic 4,077,695 4,049,154
Diluted 4,082,854 4,051,678

EDC will host its annual results Investor Call including a live Q&A webcast on Thursday, June 1, 2017, at 2 PM CT (3 PM ET). Randall White, the Company’s CEO and President and Dan O’Keefe, CFO and Secretary, will present the annual results and be available for questions following the presentation. Phone lines for participants will be available at (844) 395-9253 (International callers can use (478) 219-0506). The conference passcode is 30584390. The weblink to the call is http://edge.media-server.com/m/p/dukm7e7s

The link to the webcast, including replays will be available following the event at www.edcpub.com/investors.aspx.

About Educational Development Corporation (EDC)
EDC is a publishing company specializing in books for children. EDC is the exclusive United States distributor of the UK-based Usborne Books and owns Kane Miller Publishers; award-winning publishers of international children’s books. EDC’s current catalog contains over 2,000 titles, with new additions semi-annually. Both Usborne and Kane Miller products are sold via 5,000 retail outlets and by independent consultants, who hold book showings in individual homes, through social media, book fairs with school and public libraries, direct and internet sales.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

New earnings PR and full year 10-K are out.
I'm busy working on another project and so will not be able to analyze carefully until tomorrow. From what little i glanced at, things look very good!

Here's a link to reading the full 10-K report:
https://seekingalpha.com/filing/3573436?uprof=44

or you can just look to the lower right of this post and click on the IHUB link....

I agree. And yet the chart right now suggests to me that EDUC has not yet found a bottom. Just trying to time my re-entry.

The entire gist of that second basher piece is that there MAY be as much as $4mil of consignment that has accumulated over the years, been booked as sales revenues, and which MAY never be entirely collected, in which case past earnings would need to be re-stated, etc.

For a co. that is slated to do, what, $120M this year in revs and likely more next year, a tiny, tiny portion of which may be consignment "sales," i don't think this will ding earnings more than a tiny fraction.

Yes, it might become a nuisance, but nothing major. That's why i'm happy to hold this relatively small number of shares into earnings.

Congrats on getting that bid filled.

I guess I should check out SA.

Yeah, my "stink bid" for 1k shares at 6.90 got filled yesterday on the sudden plunge. That plunge no doubt came from another hit-piece at S.Alpha by the same guy who wrote a longer piece last week.

I surmise that CEO Randall White will come out with some good comments on earnings report to juice the stockprice back up.

I like how he has twice now this year come out with PRs to inform investors about good news with the co. (first time in early April, a few days after that first hit piece by the other guy in late March).

Coming down to where I might want to jump in again...

Red Oak Partners, LLC has filed a new activist 13D, reporting 7.15% ownership in $EDUC - https://fintel.io/so/us/educ

Yes, there are no doubt many disgruntled "consultants" or MLMs. That happens. But so long as the numbers are good, I think the stock will do well.

Still, I suspect that the company is still struggling with the computer problems and inventory, and if short sellers are involved it could go lower.

So, I'm watching and waiting for a time to buy.

One thing I'm looking at is this pincher chart:

The PR yesterday from CEO Randall White was a good succinct rebuttal to two of the points in the shortseller's argument in the S.Alpha article-- namely, big revenues and 27k consultants currently.