SEC Filing Summary: Educational Development Corp (8-K)
Business Context and Reporting Period
Educational Development Corporation (EDC) filed a Current Report on Form 8-K on January 24, 2017, regarding the third quarter ended November 30, 2016. The filing serves to announce the company's financial results for this period.
Key Financial Metrics
The filing reports that EDC achieved record unaudited net revenues for the third quarter ended November 30, 2016. The text of this 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Detailed financial figures are contained in the attached press release (Exhibit 99.1) rather than the body of this report.
Material Changes
The primary material change noted is the achievement of record unaudited net revenues for the quarter. No specific comparative data against the prior period is included in this filing text.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, risk factors, contingencies, or details on unusual items. It strictly references the attached press release for the announcement of results.
Investor Verification Checklist
- Review the attached press release (Exhibit 99.1) for specific revenue figures and year-over-year growth rates.
- Verify the definition of "record" revenue to understand the historical context.
- Check subsequent filings (e.g., 10-Q) for audited financial statements and detailed margin analysis.
- Confirm if the "record" revenue was driven by organic growth or one-time events.