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Educational Development Corporation Reports Steep Revenue Decline Amid Debt Struggles
Educational Development Corporation Reports Steep Revenue Decline Amid Debt Struggles
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BTCCSquare news:
Educational Development Corporation (NASDAQ: EDUC) posted a 29% year-over-year revenue drop to $7.1 million in Q1 2026, down from $10 million in the prior-year period. The company's net loss narrowed slightly to $1.1 million, with per-share losses improving to $(0.13). Active Brand Partners plummeted 42.5% to 7,700, signaling a shrinking distribution network.
Management has turned to product discounts to generate cash—a MOVE that eroded gross margins. A pending sale of the Hilti Complex facility is expected to eliminate outstanding debt entirely. The stock traded at $1.34 as of July 7, reflecting persistent investor skepticism.
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