Brief: Educational Development says "is on pace" to record FY net revenues of $120-140 mln

Educational Development

14/09/2016 16:42

Sept 14 (Reuters) - Educational Development Corp: 
    * Educational Development Corporation announces record net 
revenue for the month of August 2016 
    * Ended quarter with a backlog in excess of $4 million of 
orders to be shipped 
    * Inventory levels were $29.6 million on August 31, 2016, 
compared to $13.3 million on August 31, 2015 
    * Is on pace to record net revenues of $120-140 million for 
fiscal year ending February 28, 2017 
    * Net revenues of $10.0 million for month of August compared 
to $5.0 million for August last year 
 
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