{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-000021","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2025-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.946991+00:00","generated_at":"2026-05-28T04:05:56.206027+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"EDC Q3 FY2025 revenue $11.1M (-34% YoY); net loss $(0.8)M vs profit $2.0M","bullets":["Net revenues fell to $11.1M from $16.9M; average active PaperPie Brand Partners dropped to 12,400 from 16,400.","GAAP EPS lost ($0.10) vs $0.24 diluted EPS in prior-year quarter; YTD net loss ($3.9M).","CEO cites cost cuts: 50% space subleased, new freight carrier saved ~20% per shipment, Utah warehouse consolidated into Tulsa.","Signed Purchase Sale Agreement for Hilti Complex sale/leaseback expected to close by March 31, 2025; proceeds to repay bank debt.","Seventh amendment to credit agreement extends through April 4, 2025, to accommodate building sale close."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-000021","json":"https://secwatch.observer/filing/0001185185-25-000021.json","markdown":"https://secwatch.observer/filing/0001185185-25-000021.md","text":"https://secwatch.observer/filing/0001185185-25-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000021/0001185185-25-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518525000021/edc20250110_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T04:05:56.206027+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"}