Educational Development Corporation (NASDAQ:EDUC) Q3 2024 Earnings Call Transcript

Daniel Balchin: Yes. And in terms of just sort of like the Learning Wrap-Ups business, SmartLab Toys, what’s the sort of growth trajectory within that? Could that sort of be a separate business to the selling of the Usborne books, that sort of thing?

Dan O’Keefe: Can you repeat that question one more time?

Daniel Balchin: The question is on weather Learning Wrap-Ups and SmartLab Toys is something that investors should treat separately to the other part of the business in selling Usborne products?

Dan O’Keefe: No, it’s just another product line or another couple of product lines that we sell. I mean the cost of goods between Usborne and some of our other books versus Learning Wrap-Ups and SmartLab is different. But they’re not significantly different. SmartLab, we kind of focused a few times in this presentation just because it’s new. We’re very excited. Sales are going very well. We have a great release plan over the next 18 months. So we’re excited about that. But they shouldn’t be treated differently than anything else we sell.

Daniel Balchin: Okay. Thank you. That’s all from me.

Dan O’Keefe: Thank you.

Operator: There are no further questions at this time. I would hand over the call to Craig White. Please proceed.

Craig White: Thank you. So a little bit of late breaking news, no one asked me about them, a little bit surprised. While we don’t have final confirmation from NASDAQ itself, today does mark the 10th day above a $1 threshold and thus we expect to regain compliance. So we don’t anticipate that, that’s something that we will have to worry about again in the near future. So that’s a good piece of news there. Anyway, thank you, everyone, for joining us on the call today. We appreciate your continued support. We look forward to providing an additional update in January of 2024. Thank you. Have a good day.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation and you may now disconnect.