secwatch.observer — SEC 8-K summary
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Issuer:     EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK:        0000031667
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001185185-23-000472
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/0001185185-23-000472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31667/000118518523000472/edc20230511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000472

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer