Educational Development Corporation reported earnings results for the first quarter ended May 31, 2023. For the first quarter, the company reported sales was USD 20.59 million compared to USD 31.34 million a year ago. Revenue was USD 14.52 million compared to USD 23.16 million a year ago.

Net loss was USD 0.8728 million compared to net income of USD 0.2158 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.