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Educational Development GAAP EPS of $0.00, revenue of $30.3M

Jan. 05, 2023 4:24 PM ETEducational Development Corporation (EDUC)By: Urvi Shah, SA News Editor
  • Educational Development press release (NASDAQ:EDUC): Q3 GAAP EPS of $0.00.
  • Revenue of $30.3M (-32.8% Y/Y).
  • Year-to-Date Highlights Compared to the Prior Year-

  • Net revenues of $72.8 million, a decrease of $46.1 million, or 38.8%, compared to $118.9 million.
  • Average active UBAM sales consultants totaled 28,700 compared to 47,300.
  • Earnings (loss) before income taxes were $(0.8) million, a decrease of $11.7 million, or 107.3%, compared to $10.9 million.
  • Net earnings (loss) totaled $(0.6) million, compared to $8.0 million, a decrease of $8.6 million, or 107.5%.
  • Earnings (loss) per share totaled $(0.07), compared to $0.94, down 107.4% on a fully diluted basis.

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