{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-001061","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2023-10-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.626181+00:00","generated_at":"2026-06-10T01:20:02.837455+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":"EDC Q2 revenue down 45%; net profit of $1.1M includes $3.8M ERC credit","bullets":["Q2 net revenues $10.6M, down 45.4% YoY; net earnings $1.1M vs loss of $0.8M (includes $3.8M ERC credit).","Q2 diluted EPS $0.13 vs ($0.10); YTD EPS $0.02 vs ($0.07).","Average active PaperPie Brand Partners 18,100, down 32.5% from 26,800.","PaperPie revenue down 41.5% to $9.3M; Publishing down 62.9% to $1.3M due to Usborne stoppage.","Line of credit renewed; removed fixed charge ratio and debt acceleration clauses; Term Notes reclassified to long-term."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-001061","json":"https://secwatch.observer/filing/0001185185-23-001061.json","markdown":"https://secwatch.observer/filing/0001185185-23-001061.md","text":"https://secwatch.observer/filing/0001185185-23-001061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518523001061/0001185185-23-001061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518523001061/edc20231011_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:20:02.837455+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":"6128d3bb94830a63e90d683088baaf1f1c48384b","claim":"EDUCATIONAL DEVELOPMENT CORP reported financial results for second quarter and year-to-date ended August 31, 2023.","evidence_excerpt":"On October 12, 2023, Educational Development Corporation announced, via press release, second quarter and year-to-date fiscal 2024 financial results. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31667/000118518523001061/0001185185-23-001061-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter and year-to-date ended August 31, 2023"},{"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"}