---
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"
generated_at: "2026-05-30T17:00:27.911700+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EDUC reports Q2 revenue down 39% to $6.5M, net loss of $1.8M vs profit of $1.1M last year

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000968
- JSON: https://secwatch.observer/filing/0001185185-24-000968.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000968.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.