EDUCATIONAL DEVELOPMENT CORPORATION (NASDAQ:EDUC) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On September 28, 2017, Educational Development Corporation announced via press release, unaudited second quarter and year to date Net Revenues of approximately $24.3 Million and $51.5M, respectively. The second quarter revenues reflect a decrease of 6% from the second quarter net revenues a year ago. The year to date net revenues reflect an increase of 5% over the same period last year.
Item 9.01. Financial Statements and Exhibits.
(d) EXHIBITS
99.1 Press release dated as of September 28, 2017
EDUCATIONAL DEVELOPMENT CORP ExhibitEX-99.1 2 exh_991.htm PRESS RELEASE EdgarFilingEXHIBIT 99.1Educational Development Corporation Announces Second Quarter and Year to Date Net Revenues TULSA,…To view the full exhibit click here
About EDUCATIONAL DEVELOPMENT CORPORATION (NASDAQ:EDUC)
Educational Development Corporation (EDC) is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Company also owns Kane Miller Book Publishers. The Company sells books through two segments: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing). The UBAM Division distributes books nationwide through independent consultants, who hold book showings in individual homes, through social media, book fairs, direct sales and Internet sales. The Publishing Division markets books to bookstores (including national chains), toy stores, specialty stores, museums and other retail outlets throughout the country. The Company offers over 2,000 different titles, which include touchy-feely board books, activity and flashcards, adventure and search books, art books, sticker books and foreign language books.
