EXHIBIT 99.1 EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES FISCAL 2025 SECOND QUARTER RESULTS TULSA, OK, October 10, 2024—Educational Development Corporation ("EDC", or the "Company") (NASDAQ: EDUC), a publishing company specializing in books and educational products for children, today reports financial results for the fiscal second quarter ended August 31, 2024. Second Quarter Summary Compared to the Prior Year Second Quarter ● Net revenues were $6.5 million compared to $10.6 million. ● Average active Pap ...

. ● . | --- | --- | |-----------------------------------------------|-------| | | | | Educational Development Corporation Announces | | | Fiscal 2025 Second Quarter and Year to Date | | | Results | | October 10, 2024 4:00 PM EDT | Source: Educational Development Corporation Tulsa, Oklahoma--(Newsfile Corp. - October 10, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company"), a publishing company specializing in books and educational products for children, today reports financia ...

. . . Educational Development Corporation Announces Extension of Credit Agreement with BOKF October 07, 2024 4:00 PM EDT | Source: Educational Development Corporation Tulsa, Oklahoma--(Newsfile Corp. - October 7, 2024) - Educational Development Corporation (NASDAQ: EDUC) (the "Company") announced it has executed the Sixth Amendment ("Amendment") to the Existing Credit Agreement ("Amendment") with BOKF, NA (the "Lender"). The Amendment, effective October 3, 2024, extends the maturity date to January 4, 2025 ...

. . . Educational Development Corporation Announces Fiscal 2025 Second Quarter Earnings Call September 19, 2024 3:29 PM EDT | Source: Educational Development Corporation Tulsa, Oklahoma--(Newsfile Corp. - September 19, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 second quarter earnings call. EDC will host its Fiscal Year 2025 Second Quarter Earnings Call, including a live Q&A webcast, on T ...

. . . Educational Development Corporation Terminates Sale and Leaseback of Hilti Complex with Rockford Holdings September 18, 2024 4:23 PM EDT | Source: Educational Development Corporation Tulsa, Oklahoma--(Newsfile Corp. - September 18, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", the "Company" or "Seller") (http://www.edcpub.com) today announced that on September 12, 2024, the Company terminated its agreement with Rockford Holdings ("Rockford" or "Buyer") after receiving notice that ...

Gross margin decreased $0.4 million, or 40.0%, to $0.6 million during the three-month period ended May 31, 2024, from $1.0 million reported in the same quarter a year ago, primarily due to the decrease in net revenues. Gross margin as a percentage of net revenues increased to 59.2% during the three-month period ended May 31, 2024, from 50.3% reported in the same quarter a year ago. Gross margin as a percentage of net revenues changed primarily from changes in the mix of products sold between EDCowned brands ...

Educational Development Corporation (NASDAQ:EDUC) Q1 2025 Earnings Conference Call July 11, 2024 4:30 PM ET Company Participants John Beisler - IR Craig White - President and CEO Dan O’Keefe - CFO Heather Cobb - Chief Sales and Marketing Officer Conference Call Participants Paul Carter - Capstone Asset Management Operator Good afternoon, ladies and gentlemen, and welcome to the Educational Development Corporation's First Quarter Fiscal Year 2025 Earnings Call. At this time, all lines are in a listen-only-m ...

● Net revenues were $10.0 million compared to $14.5 million. ● Average active PaperPie Brand Partners totaled 13,400 compared to 23,200. ● Average active PaperPie Brand Partners totaled 15,015 as of February 29, 2024. ● Loss before income taxes were $(1.7) million, compared to $(1.2) million. ● Net Loss totaled $(1.3) million, compared to $(0.9) million. ● Loss per share totaled $(0.15) compared to loss per share of $(0.11), on a fully diluted basis. "Throughout the majority of the year we have strategicall ...

Core Insights - Educational Development Corporation (EDC) reported a net revenue of $10.0 million for the first quarter of fiscal 2025, a decrease from $14.5 million in the same period last year [8] - The company experienced a net loss of $(1.3) million, compared to a loss of $(0.9) million in the prior year, with a loss per share of $(0.15) compared to $(0.11) [8][11] - EDC's average active PaperPie Brand Partners decreased to 13,400 from 23,200 year-over-year, although recent promotions have added over 3,700 new partners, bringing the total to 14,700 by the end of June [8][9] Financial Performance - Net revenues for the three months ended May 31, 2024, were $9,993,400, down from $14,524,000 in 2023 [11] - Loss before income taxes was $(1,747,000) compared to $(1,200,600) in the previous year [11] - The weighted average number of common and equivalent shares outstanding remained relatively stable at 8,266,771 compared to 8,278,049 [11] Strategic Developments - The company has focused on inventory reduction, generating $2.9 million in positive cash flows, which helped cover historically negative cash outflows [3] - EDC signed a lease agreement for half of its space in the Hilti Complex, expected to generate approximately $1.0 million in new cash flow annually [3] - A sale/leaseback agreement for the Hilti Complex was executed for $35.5 million, which is anticipated to fully pay back bank borrowings and minimize future borrowing needs [10]

. . . Educational Development Corporation Announces Fiscal 2025 First Quarter Earnings Call July 08, 2024 11:38 AM EDT | Source: Educational Development Corporation Tulsa, Oklahoma--(Newsfile Corp. - July 8, 2024) - Educational Development Corporation (NASDAQ: EDUC) ("EDC", or the "Company") (http://www.edcpub.com) today announces the time and date of their fiscal 2025 first quarter earnings call. EDC will host its Fiscal Year 2025 First Quarter Earnings Call, including a live Q&A webcast, on Thursday, July ...