{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000718","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2023-07-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.242462+00:00","generated_at":"2026-06-13T09:04:09.143965+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Educational Development Corp Q1 FY2024 net loss $0.9M; revenue down 37.5% to $14.5M","bullets":["Net revenues $14.5M, down 37.5% YoY; net loss $0.9M vs prior-year net income $0.2M.","Diluted EPS loss $0.11 vs prior-year EPS of $0.03.","Average active PaperPie brand partners fell 28% to 23,200 from 32,200.","SmartLab Toys gross sales ~$1.4M in Q1; 25 new toys and 10 new Wrap-Ups planned over 12 months.","Management expects high inflation headwind to continue through fiscal 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000718","json":"https://secwatch.observer/filing/0001185185-23-000718.json","markdown":"https://secwatch.observer/filing/0001185185-23-000718.md","text":"https://secwatch.observer/filing/0001185185-23-000718.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000718/0001185185-23-000718-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000718/edc20230712_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T09:04:09.143965+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"694e66112e5a1bddd475c7afc7d91f95a3875ef2","claim":"EDUCATIONAL DEVELOPMENT CORP reported first quarter for fiscal year 2024 results: revenue $14.5 million, net income $(0.9) million, EPS $(0.11).","evidence_excerpt":"today reports financial results for the first quarter for fiscal year 2024. First Quarter Summary Compared to the Prior Year First Quarter ● Net revenues of $14.5 million, a decrease of $8.7 million, or 37.5%, compared to $23.2 million. ● Average active PaperPie brand partners totaled 23,200 compared to 32,200. ● Earnings (loss) before income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31667/000118518523000718/0001185185-23-000718-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter for fiscal year 2024"},{"label":"Revenue","value":"$14.5 million"},{"label":"Net income","value":"$(0.9) million"},{"label":"EPS","value":"$(0.11)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}