---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000472"
form_type: "8-K"
ticker: "EDUC"
cik: "0000031667"
company_name: "EDUCATIONAL DEVELOPMENT CORP"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:03:23.536501+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EDC reports Q4 net loss of $1.9M; full-year loss $2.5M, revenue down 38%

## Summary
- Q4 net revenues $15.0M, down 35.6% YoY from $23.3M; full-year revenues $87.8M, down 38.3%.
- Q4 net loss of $1.9M ($0.24 loss per share) vs prior year profit $0.3M ($0.04 EPS).
- Full-year net loss $2.5M ($0.31 loss per share) vs prior year profit $8.3M ($0.98 EPS).
- Average active PaperPie Brand Partners fell to 26,100 in Q4 (37,500 prior year); FY avg 28,000 (44,900).
- No dividends paid in fiscal 2023 vs $0.40 per share in fiscal 2022; inflationary and rebranding headwinds cited.

## SEC filing metadata
- accession: 0001185185-23-000472
- form_type: 8-K
- ticker: EDUC
- cik: 0000031667
- company_name: EDUCATIONAL DEVELOPMENT CORP
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/0001185185-23-000472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/edc20230511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000472
- JSON: https://secwatch.observer/filing/0001185185-23-000472.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000472.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/0001185185-23-000472-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/0001185185-23-000472-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.