Educational Development Corporation reported earnings results for the fourth quarter and full year ended February 29, 2024. For the fourth quarter, the company reported sales was USD 8.97 million compared to USD 14.98 million a year ago. Net loss was USD 1.61 million compared to USD 1.92 million a year ago. Basic loss per share from continuing operations was USD 0.19.
For the full year, sales was USD 75.58 million compared to USD 122.69 million a year ago. Revenue was USD 51.03 million compared to USD 87.83 million a year ago. Net income was USD 0.5464 million compared to net loss of USD 2.5 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.31 a year ago.