secwatch.observer — SEC 8-K summary
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Issuer:     EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK:        0000031667
Form:       8-K
Filed at:   2026-05-19T20:00:40+00:00
Accession:  0001185185-26-001926
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EDC fiscal Q4 net loss $3.1M; full-year net income $2.3M after $12.2M building sale gain
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- Net revenues FY2026 $22.9M vs $34.2M prior year; Q4 revenues $4.2M vs $6.6M.
- Average active PaperPie Brand Partners fell to 5,800 from 12,300 (FY); Q4 4,500 vs 9,400.
- FY net income $2.3M includes $12.2M building sale gain; operating loss without gain was $6.9M.
- Company now debt-free after repaying $30.9M bank debt; secured new $2.0M line of credit from Regent Bank.
- Restructuring & cost cuts expected to save >$1.2M in G&A in FY2027; inventory reduced $7.0M to $37.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/0001185185-26-001926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31667/000118518526001926/educ8k051826.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-001926

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