{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-26-000075","form_type":"8-K","ticker":"EDUC","cik":"0000031667","company_name":"EDUCATIONAL DEVELOPMENT CORP","filed_at":"2026-01-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.350286+00:00","generated_at":"2026-05-16T11:16:22.104739+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"EDC Q3 revenue $7.0M, net income $7.8M includes $12.2M building sale gain; cash $3.4M","bullets":["Net revenues fell 37% YoY to $7.0M; avg. active PaperPie Brand Partners dropped to 5,100 from 12,400.","GAAP net income $7.8M ($0.91 diluted EPS) vs. $(0.8M) loss; excluding $12.2M building-sale gain, pretax loss $(1.6)M.","Sold HQ/distribution center Hilti Complex for $32.2M; proceeds used to pay off all bank term and revolving loans.","Sale-leaseback and assigned tenant leases to buyer; expects annual cash flow improvement ~$1.0M from eliminated debt service.","Quarter-end cash $3.4M; lowered inventory by $1.5M; launched strategic title purchase plan post-quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-26-000075","json":"https://secwatch.observer/filing/0001185185-26-000075.json","markdown":"https://secwatch.observer/filing/0001185185-26-000075.md","text":"https://secwatch.observer/filing/0001185185-26-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/31667/000118518526000075/0001185185-26-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/31667/000118518526000075/educ8k010826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:16:22.104739+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"}