Educational Development Corporation, a Delaware corporation, was incorporated in 1965 to develop curriculum materials for schools. In 1978 the Publishing Division was created to distribute Usborne children's books, and the Home Business Division was started in 1989.
Educational Development Corporation is the United States trade publisher of a line of children’s books produced in the United Kingdom by Usborne Publishing Limited. The Home Business Division distributes these books through independent sales consultants who hold book showings in individual homes and through book fairs, fund raisers and direct sales. The Home Business Division is also responsible for sales to school and public libraries. The Company’s Publishing Division distributes the books to book stores, toy stores, specialty stores and other retail outlets throughout the United States.
Company profile
Ticker
EDUC
Exchange
Website
CEO
Randall W. White
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
IRS number
730750007
EDUC stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
11 Jan 23
10-Q
2023 Q3
Quarterly report
6 Jan 23
8-K
Educational Development Corporation
5 Jan 23
8-K
Educational Development Corporation
21 Dec 22
8-K
Educational Development Corporation to Present at the 14TH Annual Southwest Ideas Investor Conference
3 Nov 22
8-K
Educational Development Corporation Expands Product Offering with Acquisition of Smartlab Toys
26 Oct 22
10-Q
2023 Q2
Quarterly report
6 Oct 22
8-K
Educational Development Corporation
6 Oct 22
8-K
Educational Development Corporation
30 Sep 22
8-K
Educational Development Corporation
11 Aug 22
Transcripts
EDUC
Earnings call transcript
2023 Q3
5 Jan 23
EDUC
Earnings call transcript
2023 Q2
6 Oct 22
EDUC
Earnings call transcript
2023 Q1
6 Jul 22
EDUC
Earnings call transcript
2022 Q4
12 May 22
EDUC
Earnings call transcript
2022 Q3
7 Jan 22
EDUC
Earnings call transcript
2022 Q2
7 Oct 21
EDUC
Earnings call transcript
2021 Q4
19 May 21
EDUC
Earnings call transcript
2021 Q2
13 Oct 20
EDUC
Earnings call transcript
2021 Q1
15 Jul 20
EDUC
Earnings call transcript
2020 Q4
27 May 20
Latest ownership filings
4
Craig M White
27 Mar 23
4
Keefe Daniel E O
27 Mar 23
4
Heather N. Cobb
27 Mar 23
SC 13G
NEEDHAM INVESTMENT MANAGEMENT LLC
3 Mar 23
SC 13G/A
AMERIPRISE FINANCIAL INC
14 Feb 23
3
Bradely Von Stoots
23 Jan 23
4
Craig M White
7 Oct 22
4
Keefe Daniel E O
7 Oct 22
4
Heather N. Cobb
7 Oct 22
11-K
Annual report of employee stock purchases
17 Aug 22
Financial summary
| Quarter (USD) | Nov 22 | Aug 22 | May 22 | Feb 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Feb 22 | Feb 21 | Feb 20 | Feb 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 654.90 k | 654.90 k | 654.90 k | 654.90 k | 654.90 k | 654.90 k |
| Cash burn (monthly) | 59.20 k | 20.98 k | (no burn) | 24.42 k | (no burn) | 1.09 mm |
| Cash used (since last report) | 234.40 k | 83.08 k | n/a | 96.68 k | n/a | 4.31 mm |
| Cash remaining | 420.50 k | 571.82 k | n/a | 558.22 k | n/a | -3.66 mm |
| Runway (months of cash) | 7.1 | 27.3 | n/a | 22.9 | n/a | -3.4 |
Institutional ownership, Q4 2022
2.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 23 |
| Opened positions | 4 |
| Closed positions | 2 |
| Increased positions | 5 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 5.30 bn |
| Total shares | 2.48 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| AMP Ameriprise Financial | 638.68 k | $2.02 bn |
| Needham Investment Management | 400.00 k | $1.26 bn |
| Red Oak Partners | 316.42 k | $2.76 mm |
| Vanguard | 282.63 k | $893.14 mm |
| Renaissance Technologies | 254.55 k | $804.00 k |
| Dimensional Fund Advisors | 176.49 k | $558.00 k |
| Whittier Trust | 92.00 k | $290.72 mm |
| Bridgeway Capital Management | 88.70 k | $280.29 mm |
| Geode Capital Management | 55.88 k | $176.00 k |
| Hussman Strategic Advisors | 51.00 k | $161.16 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Mar 23 | Heather N. Cobb | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,726 | 0.00 | 122,396 |
| 22 Mar 23 | Heather N. Cobb | Common Stock | Buy | Acquire P | No | No | 0 | 3,200 | 0.00 | 161,122 |
| 22 Mar 23 | Keefe Daniel E O | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,760 | 0.00 | 130,085 |
| 22 Mar 23 | Keefe Daniel E O | Common Stock | Buy | Acquire P | No | No | 0 | 7,630 | 0.00 | 176,845 |
| 22 Mar 23 | Craig M White | Common Stock | Sale back to company | Dispose D | No | No | 0 | 38,621 | 0.00 | 569,867 |
| 22 Mar 23 | Craig M White | Common Stock | Buy | Acquire P | No | No | 0 | 3,928 | 0.00 | 608,488 |
| 7 Oct 22 | Heather N. Cobb | Common Stock | Buy | Acquire P | No | No | 0 | 8,950 | 0.00 | 157,922 |