Overview

* Educational Development Corp ( EDUC ) fiscal Q2 revenue falls to $4.6 mln from $6.5 mln yr/yr

* Net loss for fiscal Q2 narrows to $1.3 mln from $1.8 mln yr/yr

* Company to use Hilti Complex sale proceeds to pay off bank debt

Outlook

* Company expects sale of Hilti Complex to complete in mid-November

* Company plans to reduce inventory levels while funding operations

Result Drivers

* BRAND PARTNER DECLINE - Co reports decrease in average active PaperPie Brand Partners impacting sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $4.60

Revenue mln

Q2 EPS -$0.15

Q2 Net -$1.30

Income mln

Q2 -$1.80

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)