EDC(EDUC) - 2024 Q4 - Annual Results

EXHIBIT 99.1 EDUCATIONAL DEVELOPMENT CORPORATION ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL 2024 RESULTS ● Net revenues were $9.0 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$0.4 million improvement. ● Net Loss totaled $(1.6) million an improvement of $0.3 million. ● Loss per share totaled $(0.19) compared to loss per share of $(0.24), on a fully diluted basis. EDUCATIONAL DEVELOPMENT CORPORAT ...