---
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"
generated_at: "2026-06-13T09:04:09.143965+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Educational Development Corp Q1 FY2024 net loss $0.9M; revenue down 37.5% to $14.5M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/31667/000118518523000718/0001185185-23-000718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31667/000118518523000718/edc20230712_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000718
- JSON: https://secwatch.observer/filing/0001185185-23-000718.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000718.txt

## Key facts
- Earnings Releases
  EDUCATIONAL DEVELOPMENT CORP reported first quarter for fiscal year 2024 results: revenue $14.5 million, net income $(0.9) million, EPS $(0.11).
  - Period: first quarter for fiscal year 2024
  - Revenue: $14.5 million
  - Net income: $(0.9) million
  - EPS: $(0.11)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/31667/000118518523000718/0001185185-23-000718-index.htm

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