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Stock impact report

Educational Development Corp (EDUC) Q3 2026 Earnings Call Highlights: Strategic Moves Propel ... [Yahoo! Finance]

Educational Development Corporation (EDUC) 
US:NASDAQ Investor Relations: edcpub.com/investors.aspx
Company Research Source: Yahoo! Finance
Educational Development Corp ( NASDAQ:EDUC ) completed the sale of its healthy complex, eliminating bank restrictions and paving the way for future growth and profitability. The company reported net earnings of $7.8 million for the quarter, a significant improvement from an $800,000 loss in the same quarter last year. The launch of the Gathered Goods fundraising program is expected to deliver stronger margins and expand digital fundraising opportunities. The company paid off all bank debts, which will positively impact cash flows by approximately $1 million per year. The remaining active brand partners are more productive and engaged, indicating a stronger foundation for future growth. Net revenues for the third quarter decreased to $7 million from $11.1 million in the previous year. The average number of active brand partners dropped significantly from 12,400 to 5,100. Excluding the building sale gain, the company would have reported a loss before income taxes of $1.6 Show less Read more
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