{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000968","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2024-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.691680+00:00","generated_at":"2026-05-30T17:00:27.911700+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"EDUC reports Q2 revenue down 39% to $6.5M, net loss of $1.8M vs profit of $1.1M last year","bullets":["Net revs $6.5M (-39% YoY); net loss $(1.8)M vs profit $1.1M; diluted EPS $(0.22) vs $0.13.","Average active PaperPie Brand Partners 13,900 vs 18,100 (-23% YoY).","Year-to-date net revs $16.5M vs $25.1M; net loss $(3.1)M vs profit $0.2M; diluted EPS $(0.37) vs $0.02.","CEO: LOI to sell/lease back Hilti Complex; expect close by end of calendar year; proceeds to fully repay bank debt.","Cost reductions: leased ~50% warehouse space, switched freight carrier (20% cost savings), consolidated Utah warehouse."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000968","json":"https://secwatch.observer/filing/0001185185-24-000968.json","markdown":"https://secwatch.observer/filing/0001185185-24-000968.md","text":"https://secwatch.observer/filing/0001185185-24-000968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000968/0001185185-24-000968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518524000968/edc20241010_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T17:00:27.911700+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"}