Educational Development Corporation (EDUC) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Educational Development Corporation's financial and operating results for its fiscal 2027 first quarter results. As a reminder, this conference is being recorded. On the call today are Craig White, President and Chief Executive Officer, Heather Cobb, Chief Sales and Marketing Officer, and Dan O'Keefe, Chief Financial Officer. After the market closed this afternoon, the company issued a press release announcing its results for the fiscal 2027 first quarter results. The release will be available later today on the company's website at www.ebctobb.com. Before turning to the prepared remarks, I would like to remind you that some of the statements made today will be forward-looking and unprotected under the Private Securities Litigation Reform Act. Craig White, the company's President and Chief Executive Officer. Craig? Thank you, Chloe, and welcome everyone to the call. We appreciate your continued interest. I will start today's call with some general comments regarding the quarter, then I will pass the call over to Dan to run through the financials, after which Heather will provide an update on sales and marketing and IT projects, and then I will provide an update on our plans for the rest of fiscal 2027. So, during March, we ran a recruiting special surrounding our March 14th Pi Day, which yielded better than expected results. We added over 1,300 new brain partners which brought our active brain partner numbers above 5,200 and we have maintained this level of brain partners to this day. This was a 20% growth in brain partners numbers since the end of last year and continuing our brain partner growth is a key focus. At the beginning of the quarter, we made several expense red...