earnings
confidence high
sentiment negative
materiality 0.70
EDC reports Q1 FY2027 net revenue down 33% to $4.8M; loss per share $(0.16)
EDUCATIONAL DEVELOPMENT CORP
- Net revenues $4.8M vs $7.1M prior year, a 33% decline.
- Net loss $(1.4)M vs $(1.1)M; diluted loss per share $(0.16) vs $(0.13).
- Average active PaperPie Brand Partners fell to 5,300 from 7,700.
- Cash increased to $1.8M from $1.3M; cost reduction plan targets $1.2M in FY2027 G&A savings.
- One-time $0.1M write-down on assets held for sale (legacy pick & pack system).