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TULSA, Oklahoma - Educational Development Corporation (NASDAQ:EDUC), a small-cap education company with a market capitalization of $9.36 million, announced Tuesday it has executed the Ninth Amendment to its existing credit agreement with BOKF, NA, extending the maturity date on its revolving loan to September 19, 2025.
The amendment, which became effective July 11, aligns the revolving loan maturity with the company’s existing term loans associated with its real estate.
"Each month we continue to make our principal and interest payments on the Revolving Loan and Term Loans as scheduled," said Craig White, Chief Executive Officer of Educational Development Corporation, in a press release statement.
White indicated the company is exploring multiple solutions to pay off its line of credit through alternative financing sources, including potentially selling or refinancing the Hilti Complex.
Educational Development Corporation publishes and distributes children’s books through multiple channels. The company owns Kane Miller Books, Learning Wrap-Ups, and SmartLab Toys, and serves as the exclusive United States MLM distributor for Usborne Publishing Limited children’s books.
The company’s products are available through approximately 4,000 retail outlets and are offered by independent brand partners who conduct book showings via social media, book fairs, and other sales channels. Trading at just 0.24 times book value, the stock offers a substantial free cash flow yield, according to InvestingPro data, which provides comprehensive analysis through its Pro Research Reports covering over 1,400 US stocks.
In other recent news, Educational Development Corporation reported its second-quarter 2025 earnings, indicating a decline in revenue. Despite these financial challenges, the company noted a slight improvement in its net loss. The earnings call highlighted the strategic initiatives that EDUC is implementing to stabilize its business in a tough market environment. Additionally, the company’s stock remained stable, closing at $1.33. These developments come at a time when the company is navigating financial pressures. While there were no analyst upgrades or downgrades reported, the focus remains on EDUC’s efforts to manage its financial health. Investors are keenly watching how these strategies will unfold in the coming quarters.
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