EDUCATIONAL DEVELOPMENT (EDUC) Company Report

Educational Development Corporation (EDUC) reported Q3 2026 net revenues of $7 million and net earnings of $7.8 million, or $0.91 per share, a significant improvement from a net loss of $0.8 million ($0.10 per share) in the prior year quarter.
The company completed the sale of its Hilti Complex, which generated a $12.2 million gain and allowed for the payoff of all bank debts, expected to positively impact cash flows by approximately $1 million per year.
Inventory levels decreased to $39.1 million at the end of November 2025 from $44.7 million at the beginning of fiscal year 2026, generating $5.6 million in cash flows from reductions. Approximately 50% of the inventory is Usborne related and is insured at replacement cost.
Strategic initiatives for fiscal 2027 include the launch of the Gathered Goods online fundraising program, plans for new title purchases, and a refreshed marketing strategy aimed at driving growth and increasing brand partner counts.

Jan 8, 2026, 9:30 PM

Transcript

Educational Development Corporation Reports Q3 2026 Earnings, Sells Hilti Complex, and Pays Off Debt

EDUC

Earnings

New Projects/Investments

Demand Weakening

Educational Development Corporation (EDUC) reported Q3 2026 net earnings of $7.8 million and EPS of $0.91, primarily driven by a $12.2 million gain from the sale of its Hilti Complex. Excluding this gain, the company would have reported a pre-tax loss of $1.6 million.
Following the sale of the Hilti Complex, EDUC paid off all bank debts in October 2025, resulting in $0 owed to its bank at the end of the quarter and an anticipated $1 million annual improvement in cash flows.
Net revenues for Q3 2026 were $7 million, a decrease from $11.1 million in the prior year, and average active brand partners declined to 5,100 from 12,400.
The company launched "Gathered Goods," a new fundraising program, and is implementing strategies to increase brand partner counts and introduce new titles to energize its salesforce for future growth.
Inventory levels decreased to $39.1 million by the end of November 2025, with approximately 50% related to Usborne, and is insured at replacement cost.

Jan 8, 2026, 9:30 PM

Transcript

EDUC Reports Q3 2026 Results, Sells Hilti Complex, and Pays Off Debt

EDUC

Earnings

New Projects/Investments

Demand Weakening

Educational Development Corporation (EDUC) reported Q3 2026 net earnings of $7.8 million and EPS of $0.91, primarily driven by a $12.2 million gain from the sale of its Hilti Complex. Excluding this gain, the company would have reported a $1.6 million loss before income taxes.
Following the building sale, the company paid off all bank debts, including its line of credit and term loans, which is expected to have a positive impact of approximately $1 million per year on cash flows.
Net revenues for Q3 2026 were $7 million, a decrease from $11.1 million in the prior year, and average active brand partners declined to 5,100 from 12,400.
Inventory levels decreased from $44.7 million at the beginning of fiscal year 2026 to $39.1 million by the end of November 2025, with 50% of this inventory related to Usborne.
Strategic initiatives include the launch of the Gathered Goods fundraising program to improve margins and scalability, and plans to introduce new titles and reorders to energize the salesforce.

Jan 8, 2026, 9:30 PM

Transcript

Perfect Corp Highlights Strong Financial Position and Strategic Shift to B2C at Ideas Conference

EDUC

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Perfect Corp (PERF) reported a strong financial position with a $175 million market cap, $170 million in cash, and no debt, while also being cash flow positive. The company achieved its first positive operating income of approximately $500,000 in Q3, with a net income of $5 million.
The company projects to surpass its 13%-14.5% revenue growth guidance for the current year. A significant shift in revenue mix has occurred, with B2C revenue now dominating, projected to be 70% of total revenue by year-end, compared to 20-25% when listed in late 2022.
This shift is driven by rapid B2C growth, particularly from GenAI technology for photo and video editing, despite a slight decrease in paying subscribers (approximately 20,000 per quarter) following a price increase, which was counterbalanced by an increase in Average Selling Price (ASP).
Perfect Corp continues to invest heavily in GenAI technology, with about half of its 410 employees in R&D, and recently acquired Wannabe to expand its luxury brand virtual try-on capabilities. The company plans to embed AI agents focused on beauty and fashion advice into all its apps by 2026.

Nov 19, 2025, 10:40 PM

Transcript

Perfect Corp. Presents Financial Highlights and Growth Strategy

EDUC

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Perfect Corp. (EDUC) reported a market capitalization of $175 million with a strong cash position of $170 million and no debt, and management believes the company is undervalued.
The company expects to surpass its 13%-14.5% revenue growth guidance for the current year and achieved its first positive operating income of $500,000 and net income of $5 million in the third quarter.
A significant shift in revenue mix is underway, with B2C projected to account for 70% of revenue by the end of this year, a substantial increase from 20-25% when the company was listed in late 2022.
Perfect Corp. is heavily investing in GenAI technology for photo and video editing, which is identified as the main growth driver, and recently acquired Wannabe to expand luxury virtual try-on capabilities.

Nov 19, 2025, 10:40 PM

Transcript

Educational Development Corporation Completes Headquarters Sale and Leaseback

EDUC

New Projects/Investments

Educational Development Corporation (EDUC) completed the sale and leaseback of its headquarters and distribution warehouse, the "Hilti Complex," to 10Mark 10K Industrial, LLC on October 27, 2025.
The Hilti Complex was sold for $32,200,000, with the proceeds primarily used to pay off approximately $30.0 million in outstanding Term Loans and Revolving Loan with BOKF, NA, thereby eliminating all debt obligations with the bank.
EDUC entered into a 10-year Triple-Net Lease for its occupied space, with an initial rate of $8.00 per square foot and 2.5% annual escalations, including two five-year renewal options.
This transaction is expected to immediately improve annual cash flow generation by approximately $1.0 million, and the company retained a 17-acre tract of excess land valued at $2.0 million.

Oct 28, 2025, 9:29 PM

8-K

Educational Development Corporation Reports Q2 2026 Results Amidst Sales Decline and Bank Default Notice

EDUC

Earnings

Demand Weakening

Legal Proceedings

Educational Development Corporation (EDUC) reported a net loss of $1.3 million ($0.15 loss per share) on net revenues of $4.6 million for Q2 2026, compared to a net loss of $1.8 million ($0.22 loss per share) on $6.5 million in net revenues in the prior year's second quarter.
The company experienced decreased sales primarily due to a decline in average active PaperPie brand partners, which totaled 5,800 in Q2 2026 compared to 13,900 in the prior year, and a lack of new title introductions for approximately 18 months.
EDUC's bank loan agreements expired on September 19, 2025, resulting in a notice of default from the bank, though the bank has not yet exercised its rights and supports the planned sale of the Hilty Complex.
The company expects to complete the sale of its headquarters, the Hilty Complex, for $32.2 million prior to November 25, 2025, to pay off bank loans, and is developing options for new, conservative financing of $3 million to $5 million post-sale.
Management is focusing on increasing brand partner counts by improving technology for a mobile-first impact and targeting young Millennials and older Gen Z, alongside continued cost reduction efforts that have led to lower losses despite reduced sales.