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EDC(EDUC) - 2024 Q4 - Annual Results
EDUCEDC(EDUC)2024-05-21 20:00

EXHIBIT 99.1 EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL 2024 RESULTS ● Net revenues were 9.0millioncomparedto9.0 million compared to 15.0 million. ● Average active PaperPie Brand Partners totaled 15,500 compared to 26,100. ● Loss before income taxes were (2.2)million,a(2.2) million, a0.4 million improvement. ● Net Loss totaled (1.6)millionanimprovementof(1.6) million an improvement of 0.3 million. ● Loss per share totaled (0.19)comparedtolosspershareof(0.19) compared to loss per share of (0.24), on a fully diluted basis. EDUCATIONAL DEVELOPMENT CORPORAT ...