earnings
confidence high
sentiment negative
materiality 0.50
EDUC fiscal Q2 revenue falls to $4.1M; net loss widens to $1.6M, EPS loss $0.19
EDUCATIONAL DEVELOPMENT CORP
- Q2 net revenues $4,070,300 vs $4,621,100 a year earlier; loss before income taxes narrowed to $(1,561,600) from $(1,750,200).
- Net loss $1,578,100 vs $1,294,700; diluted loss per share $(0.19) vs $(0.15); no deferred tax asset recognized on pre-tax losses.
- Year-to-date net revenues $8,826,100 vs $11,727,500; YTD net loss $2,973,700 vs $2,369,900; YTD EPS loss $(0.35) vs $(0.28).
- Average active PaperPie Brand Partners 5,100 in Q2 vs 5,800 prior year; active partners up over 19% in H1, from 4,300 to 5,100.
- Cash $1.2M at Aug 31 vs $1.3M at end of February; cost plan to cut G&A by over $1.2M; $100,000 write-down on assets held for sale.