{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000575","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-05-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.531181+00:00","generated_at":"2026-06-01T11:36:17.379538+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EDC Q4 revenues fall 40% YoY to $9.0M; FY2024 net income of $0.5M vs prior loss","bullets":["FY2024 net revenues $51.0M, down 42% from $87.8M; net earnings $0.5M vs $(2.5M) loss.","Q4 net loss $(1.6M) vs $(1.9M) loss; diluted EPS $(0.19) vs $(0.24).","Average active PaperPie Brand Partners dropped to 15,500 from 26,100 in Q4; full-year 18,300 vs 28,000.","Inventory reduced $8.2M (to $55.6M); bank debt cut from $45.7M to $33.9M; $3.8M ERC and $4.9M building sale.","Headquarters building appraised at ~$40M; planned sale/leaseback to fully repay bank borrowings."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000575","json":"https://secwatch.observer/filing/0001185185-24-000575.json","markdown":"https://secwatch.observer/filing/0001185185-24-000575.md","text":"https://secwatch.observer/filing/0001185185-24-000575.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000575/0001185185-24-000575-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000575/edc20240520_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T11:36:17.379538+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}