secwatch.observer — SEC 8-K summary
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Issuer:     EDUCATIONAL DEVELOPMENT CORP (EDUC)
CIK:        0000031667
Form:       8-K
Filed at:   2026-07-09T20:00:30+00:00
Accession:  0001185185-26-002865
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EDC reports Q1 FY2027 net revenue down 33% to $4.8M; loss per share $(0.16)
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31667/000118518526002865/0001185185-26-002865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31667/000118518526002865/educ8k070826.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002865

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer