Dr. Amy Emerson
the Board approved Dr. Amy Emerson as a Class III Director
Highest-materiality recent filing
EDC fiscal Q4 net loss $3.1M; full-year net income $2.3M after $12.2M building sale gain
Net revenues FY2026 $22.9M vs $34.2M prior year; Q4 revenues $4.2M vs $6.6M.
EDC Q3 revenue $7.0M, net income $7.8M includes $12.2M building sale gain; cash $3.4M
Net revenues fell 37% YoY to $7.0M; avg. active PaperPie Brand Partners dropped to 5,100 from 12,400.
Educational Development Corp sells HQ for $32.2M, repays $30M bank debt, enters sale-leaseback
Sale of Hilti Complex for $32.2M to 10Mark 10K Industrial; proceeds repaid all BOKF debt (~$30M).
EDUC Q2 revenue down 29% to $4.6M; net loss narrows to $(0.15)/share
Net revenues $4.6M vs $6.5M YoY; PaperPie Brand Partners fell to 5,800 avg from 13,900.
EDC sells Hilti Complex for $32.2M; buyer proceeds, closing within 45 days
Purchase price reduced to $32.2M; buyer's notice to proceed waives escrow.
EDC sells headquarters for $32.5M in sale-leaseback to repay bank debt
Sale price $32.5M for 402,000 sq ft complex; proceeds to pay off Term Loans and Revolving Loan from bank.
EDC terminates sale-leaseback of Hilti Complex after buyer backs out
TG OTC, LLC terminated the purchase agreement for EDC's HQ and warehouse on July 28, 2025, after due diligence.
Educational Development Q1 net revenue down 29% to $7.1M; net loss narrows to $1.1M
Net revenues $7.1M vs $10.0M in prior-year Q1; net loss $1.1M vs $1.3M.
Educational Development Corp signs $35.15M sale-leaseback for HQ; reports FY2025 net loss of $5.3M
Executed Purchase and Sale Agreement with TG OTC, LLC for Hilti Complex at $35.15M; proceeds to fully pay down all bank debts. Expected close by early September 2025.
EDC secures 8th amendment to credit agreement with BOKF; extends loans to July/Sept 2025
Revolving loan maturity extended to July 11, 2025; balance to step down to $4.5M by May 31, 2025.
EDC Q3 FY2025 revenue $11.1M (-34% YoY); net loss $(0.8)M vs profit $2.0M
Net revenues fell to $11.1M from $16.9M; average active PaperPie Brand Partners dropped to 12,400 from 16,400.
EDUC reports Q2 revenue down 39% to $6.5M, net loss of $1.8M vs profit of $1.1M last year
Net revs $6.5M (-39% YoY); net loss $(1.8)M vs profit $1.1M; diluted EPS $(0.22) vs $0.13.
EDUC extends credit facility to Jan 2025; steps down to $5.5M, ties to HQ sale payoff
Sixth Amendment to Credit Agreement with BOKF extends maturity to January 4, 2025.
Educational Development Corp sells headquarters for $38.25M and enters 15-year leaseback
Sale price of $38.25M; proceeds to pay off Term Loans and Revolving Loan under Credit Agreement.
Net revenues $10.0M (down 31% YoY); net loss $1.3M vs $0.9M; EPS loss $0.15.
Fifth Amendment effective May 31, 2024 sets max revolver availability to $7.0M through Oct 4, 2024.
EDC sells headquarters for $35.5M, enters 10-year leaseback; proceeds to pay off bank loans
Sale price of Hilti Complex: $35,500,000; proceeds used to pay off Term Loans and Revolving Loan.
EDC Q4 revenues fall 40% YoY to $9.0M; FY2024 net income of $0.5M vs prior loss
FY2024 net revenues $51.0M, down 42% from $87.8M; net earnings $0.5M vs $(2.5M) loss.
the Board approved Dr. Amy Emerson as a Class III Director
On May 14, 2025 the Board of Directors of the Company unanimously approved adding Steven Hooser to the Company’s Board of Directors.
On January 8, 2025, the Board unanimously voted Craig White, Chief Executive Officer and President to fill the vacant Chairman position.
On January 8, 2025, at its regularly scheduled quarterly board meeting, the Board was presented notice of Randall White’s resignation from acting Director and Chairman of the Board “Chairman,” effective January 8, 2025.
On June 28, 2024 the Board of Directors of the Company unanimously approved adding Dr. Amy Emerson to the Company’s Board of Directors.
Max materiality 0.85 · Median 0.55 · Most common event other_material