Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EDUCATIONAL DEVELOPMENT CORP reported the fiscal year ended February 28, 2023 results: revenue $87.8 million, net income $(2.5) million, EPS $(0.31).
- Period
- the fiscal year ended February 28, 2023
- Revenue
- $87.8 million
- Net income
- $(2.5) million
- EPS
- $(0.31)
- Result
- reported results
Exact text from the filing
Net revenues of $87.8 million, a decrease of $54.4 million, or 38.3%, compared to $142.2 million. ● Average active PaperPie Brand Partners totaled 28,000 compared to 44,900. ● Earnings (loss) before income taxes were $(3.4) million, a decrease of $14.6 million, compared to $11.2 million. ● Net earnings (loss) totaled $(2.5) million, compared to $8.3 million, a decrease of $10.8 million, or 130.1%. ● Earnings (loss) per share totaled $(0.31), compared to $0.98, down 131.6% on a fully diluted basis.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EDUCATIONAL DEVELOPMENT CORP reported the fiscal fourth quarter ended February 28, 2023 results: revenue $15.0 million, net income $(1.9) million, EPS $(0.24).
- Period
- the fiscal fourth quarter ended February 28, 2023
- Revenue
- $15.0 million
- Net income
- $(1.9) million
- EPS
- $(0.24)
- Result
- reported results
Exact text from the filing
Net revenues were $15.0 million, a decrease of $8.3 million, or 35.6%, compared to $23.3 million. ● Average active PaperPie Brand Partners totaled 26,100 compared to 37,500. ● Earnings (loss) before income taxes were $(2.6) million, a decrease of $2.9 million, compared to $0.3 million. ● Net earnings (loss) totaled $(1.9) million, compared to $0.3 million, a decrease of $2.2 million, or 733.3%. ● Earnings (loss) share totaled $(0.24), compared to $0.04, on a fully diluted basis.
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