Educational Development Corp (NAS:EDUC)
$ 2.0648 0.0348 (1.71%) Market Cap: 17.70 Mil Enterprise Value: 48.14 Mil PE Ratio: 64.53 PB Ratio: 0.38 GF Score: 67/100

Q1 2022 Educational Development Corp Earnings Call Transcript

Jul 08, 2021 / 08:00PM GMT
Release Date Price: $12.53 (+3.55%)
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. Oâ;Keefe
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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