Educational Development Corporation

Ladies and gentlemen, thank you for standing by and welcome to the fiscal 2021 second quarter earnings conference call. At this time, all participants are on a listen-only mode. I would now like to hand the conference over to your speaker today, Mr. Randall White. Please go ahead, sir.

Hello there, investors. Welcome to our call today. Before I get started, I'd just like for you guys to know that today is a unique day in our history. We closed at the highest all-time Daniel O'Keefe

Here's a brief summary of our second quarter results. Net revenues for the second quarter of fiscal 2021 were approximately $59.3 million, up $34.8 million, or 143% from approximately $24.4 million reported in the second quarter of fiscal 2020. Pre-tax profits for the second quarter totaled $5.8 million, an increase of $4.4 million over the pre-tax profit of $1.4 million reported in the second quarter last year. Pre-tax profit as a percentage of net revenues increased from 5.7% in the second quarter of fiscal 2020 to 9.8% in the second quarter of fiscal 2021. Net earnings in the second quarter of fiscal 2021 totaled 4.3 million compared to approximately 1 million reported in the second quarter of fiscal 2020. Net earnings grew 322% over the second quarter last year. Earnings per share on a fully diluted basis increased $0.39 a share from $0.12 a share reported in the second quarter of fiscal 2020 to $0.51 per share in the second quarter of fiscal 2021. Earnings per share for the quarter increased 325% over the last year. This concludes the earnings results, and I'll pass the call back over to the man doing the Irish Jig Rand away.