EDC FY26 returns to profit of $2.33 million; net revenues fall 33% to $22.91 million

• EDC reported fiscal 2026 net earnings of $2.3 million, swinging from a net loss a year earlier, while net revenues fell to $22.9 million from $34.2 million.
• Fiscal 2026 earnings per share were $0.27 versus a loss per share a year earlier.
• In the fiscal fourth quarter, net loss widened to $3.1 million from $1.35 million, while net revenues dropped to $4.18 million from $6.64 million.
• Average active PaperPie Brand Partners fell to 5,800 in fiscal 2026 from 12,300, declining to 4,500 in the quarter from 9,400.
• Management said it prioritized cash flow over profitability, paid off $30.9 million of bank borrowings after selling the Hilti Complex for $32.2 million, cut inventory by $7 million to $37.7 million, and expects general and administrative savings to exceed $1.2 million in fiscal 2027 alongside a new $2 million line of credit.

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