Q1 2022 Educational Development Corp Earnings Call Transcript

Feb 06, 2024

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Jul 08, 2021 / 08:00PM GMT
Operator

Good day, and thank you for standing by. Welcome to the first quarter fiscal 2022 earnings conference call. (Operator Instructions). Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Randall White, CEO and President. Please go ahead.

Randall W. White - Educational Development Corporation - Chairman, President, Treasurer & CEO

Okay. Thank you very much. Okay. We welcome (inaudible) and he's here on the call with us. We got some nice -- earnings reports ago. So firstly, just kind of like Dan give us the quarterly highlights.

Daniel E. OâKeefe - Educational Development Corporation - Corporate Secretary & CFO

All right. Thank you, Randall. And so for the first quarter results, our net revenues for the first quarter of fiscal 2022 were approximately $40.8 million, an increase of $2.5 million or 7% from approximately $38.3 million reported in the first quarter of fiscal 2021. Pretax profit increased $2.1 million from

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