Educational Development Corporation reported earnings results for the second quarter and six months ended August 31, 2022. For the second quarter, the company reported sales was USD 27.77 million compared to USD 44.19 million a year ago. Revenue was USD 19.42 million compared to USD 32.99 million a year ago. Net loss was USD 0.8019 million compared to net income of USD 1.9 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
For the six months, sales was USD 59.11 million compared to USD 96.58 million a year ago. Revenue was USD 42.58 million compared to USD 73.8 million a year ago. Net loss was USD 0.5861 million compared to net income of USD 5.34 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.66 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 0.63 a year ago.