{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000682","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.481652+00:00","generated_at":"2026-05-31T21:53:29.792919+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"EDC Q1 revenues down 31% to $10.0M; net loss expands; announces $35.5M sale/leaseback of Hilti Complex","bullets":["Net revenues $10.0M (down 31% YoY); net loss $1.3M vs $0.9M; EPS loss $0.15.","Average active PaperPie Brand Partners fell to 13,400 from 23,200.","Signed $35.5M sale/leaseback of Hilti Complex; expects closing in 90 days; proceeds to repay borrowings.","Leased half of Hilti Complex to third party for ~$1.0M annual cashflow.","Post-sale $4.5M line of credit arranged; no dividends paid in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000682","json":"https://secwatch.observer/filing/0001185185-24-000682.json","markdown":"https://secwatch.observer/filing/0001185185-24-000682.md","text":"https://secwatch.observer/filing/0001185185-24-000682.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000682/0001185185-24-000682-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000682/edc20240711_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:53:29.792919+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"}