{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000063","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.548987+00:00","generated_at":"2026-06-07T00:42:23.524461+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"EDC Q3 revenue down 44% to $16.9M; net income $2.0M vs $0.0M, boosted by $4M sale-leaseback gain","bullets":["Net revenues $16.9M, down 44.2% YoY; diluted EPS $0.24 vs $0.00.","Average active PaperPie Brand Partners fell 39.5% to 16,400 from 27,100.","Non-recurring items: $3.8M ERC credit in Q2, $4.0M sale-leaseback gain in Q3.","Credit line increased to $8M, maturity extended to May 2024; Hilti complex sale expected to pay off borrowings.","Publishing revenue down 75% to $1.2M due to Usborne stoppage; SmartLab toys partially offset."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000063","json":"https://secwatch.observer/filing/0001185185-24-000063.json","markdown":"https://secwatch.observer/filing/0001185185-24-000063.md","text":"https://secwatch.observer/filing/0001185185-24-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000063/0001185185-24-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000063/edc20240111_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T00:42:23.524461+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":"0ec950d68b3e695a85f37d9bc45204004fa2b7da","claim":"EDUCATIONAL DEVELOPMENT CORP reported year-to-date ended November 30, 2023 results: revenue $42.1 million, net income $2.2 million, EPS $0.26.","evidence_excerpt":"Net revenues of $42.1 million, a decrease of $30.7 million, or 42.2%, compared to $72.8 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000063/0001185185-24-000063-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year-to-date ended November 30, 2023"},{"label":"Revenue","value":"$42.1 million"},{"label":"Net income","value":"$2.2 million"},{"label":"EPS","value":"$0.26"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c4decbfae5a7e34d86ba342a42621f35f4719b7b","claim":"EDUCATIONAL DEVELOPMENT CORP reported third quarter ended November 30, 2023 results: revenue $16.9 million, net income $2.0 million, EPS $0.24.","evidence_excerpt":"Net revenues of $16.9 million, a decrease of $13.4 million, or 44.2%, compared to $30.3 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000063/0001185185-24-000063-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended November 30, 2023"},{"label":"Revenue","value":"$16.9 million"},{"label":"Net income","value":"$2.0 million"},{"label":"EPS","value":"$0.24"},{"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"}