Educational Development ( (EDUC) ) has issued an update.
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Educational Development Corporation, a children’s book publishing company, has reported a challenging fiscal 2025 second quarter with net revenues dropping to $6.5 million from the previous year’s $10.6 million. The company saw a net loss of $1.8 million, a stark contrast to the net gain of $1.1 million in the same quarter of the previous year. CEO Craig White highlighted cost reduction efforts and strategic changes, including leasing office space, changing freight carriers, and consolidating operations, with an optimistic outlook on future profitability and reduced debt following the sale of the Hilti Complex.
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