Educational Development Corporation reported earnings results for the third quarter and nine months ended November 30, 2022. For the third quarter, the company reported sales was USD 30.27 million compared to USD 45.11 million a year ago. Net income was USD 0.0009 million compared to USD 2.65 million a year ago.
For the nine months, sales was USD 72.85 million compared to USD 118.91 million a year ago. Net loss was USD 0.5852 million compared to net income of USD 7.98 million a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.94 a year ago.