Filing Analysis
Educational Development Corporation announced the date and time for its first quarter fiscal year 2027 earnings call.
📋 Key Facts
- Earnings call scheduled for Thursday, July 9, 2026
- Call time is 3:30 PM CT (4:30 PM ET)
- Announcement made via press release on June 16, 2026
Educational Development Corporation announced its fiscal 2026 and fiscal fourth quarter financial results via press release on May 19, 2026. The company also scheduled its fiscal 2026 earnings call for the same day.
📋 Key Facts
- Educational Development Corporation announced its fiscal 2026 and fourth quarter financial results on May 19, 2026.
- The company scheduled its fiscal 2026 earnings call for Tuesday, May 19, 2026, at 3:30 PM CT (4:30 PM ET).
- The press release was furnished as Exhibit 99.1 and is incorporated by reference under Items 2.02 and 7.01.
Educational Development Corporation announced the scheduling of its fiscal year 2026 earnings call and its Annual Meeting of Shareholders. The earnings call is set for May 19, 2026, and the annual meeting is scheduled for July 8, 2026.
📋 Key Facts
- Fiscal year 2026 earnings call scheduled for May 19, 2026, at 3:30 PM CT.
- Annual Meeting of Shareholders scheduled for July 8, 2026, at 10:00 AM CT in Tulsa, Oklahoma.
- The record date for shareholders entitled to vote at the annual meeting is May 19, 2026.
- Information was released via a press release dated April 21, 2026.
Educational Development Corporation entered into a $2.0 million revolving credit agreement with Regent Bank maturing in March 2027. The loan is heavily collateralized and notably requires a personal guarantee from the company's President and CEO.
🚩 Red Flags
- Personal guarantee by the CEO for a corporate loan is a significant indicator of credit distress
- Extensive collateral requirements including 'Excess Land' and 'Fixed Assets' suggest limited borrowing capacity
- Short-term 1-year maturity creates immediate refinancing risk
📋 Key Facts
- $2.0 million Revolving Loan with a 1-year maturity date of March 6, 2027
- Interest rate set at the higher of Prime Rate + 2.00% or 7.00%
- Loan is collateralized by Accounts Receivable, Eligible Inventory, Fixed Assets, and Excess Land
- Craig White, President and CEO, provided a personal Guarantor Agreement