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PCS Edventures (PCSV) delivers innovative STEM education solutions through experiential learning programs for K-12 and higher education. This news hub provides investors and stakeholders with essential updates about the company's strategic initiatives and market position.
Access timely press releases covering financial results, curriculum developments, and partnership announcements. Our curated collection ensures you stay informed about operational milestones, educational program expansions, and leadership updates without speculative commentary.
Key content includes earnings disclosures, technology implementation updates, and collaborations with educational institutions. Bookmark this page for direct access to verified information about PCSV's contributions to modern STEM education and its evolving role in shaping workforce-ready graduates.
PCS Edventures! (PCSV), a K-12 STEM education programs provider, has announced a significant share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to 10 million shares of common stock over the next three years, representing approximately 8.18% of outstanding shares as of December 31, 2024.
The company will execute the buyback through various methods, including open market purchases and private transactions, in compliance with securities laws and regulations. The program's implementation will be discretionary, considering factors such as business performance, market conditions, stock prices, and regulatory requirements.
CEO Todd Hackett emphasized that the decision is based on the belief that PCS stock currently trades at an attractive price, focusing on delivering optimal long-term shareholder value through strategic capital deployment.
PCS Edventures (PCSV) reported unaudited Q3 FY2025 results with revenue of $0.70 million, up from $0.46 million in the same period last year. The company posted a net loss before income tax of ($0.43 million), slightly higher than the ($0.41 million) loss in the previous year's quarter. Cash position stood at $3.59 million.
Management noted Q3 represents their seasonal low point, and highlighted significant investments in warehouse and office capacity, which impacted short-term profitability but are expected to support future growth. The company has been actively buying back shares, purchasing and retiring 2,543,731 shares in FY2025, representing a 2.0% reduction in shares outstanding.
PCS Edventures! (PCSV), a K-12 STEM education programs provider, has appointed Sean Iddings as an Independent board member. Iddings brings significant experience in business scaling and investor relations as Chief Community Officer at MicroCapClub , where he helped build a network of microcap investors. From 2019 to 2024, he founded and grew Immersion Factory into Central NY's largest real estate photography company.
Iddings, a licensed drone pilot with over 15 years of microcap investment experience, holds a B.A. from Berklee College of Music. Both company President Mike Bledsoe and CEO Todd Hackett expressed enthusiasm about the appointment, highlighting Iddings' potential contribution to the company's growth. Iddings noted that PCSV has become a profitable, growth-focused leader in STEM-based learning solutions and expressed his commitment to helping expand its reach and strengthen its investor base.
PCS Edventures (PCSV) announced that its Drone Designers: Exploring STEAM Careers program has been selected for inclusion in the Iowa Governor's STEM Advisory Council's STEM Scale-Up Program for 2025-26. The program is one of thirteen selected offerings aimed at pre-K through 12th-grade education.
Educator applications will open on January 7, 2025. Successful applicants will receive comprehensive curriculum resources, educational drone equipment, a paid two-day professional development workshop, and ongoing support. An informational webinar is scheduled for January 28, 2025 at 4pm Central Time.
The STEM Scale-Up Program provides STEM education resources to schools and afterschool programs, supporting the Council's mission to increase student interest and achievement in STEM while raising awareness about future career opportunities in the field.
PCS Edventures! reported unaudited Q2 FY2025 results with revenue of $2.27 million, down from $3.77 million in the same period last year. Net income before tax decreased to $0.55 million from $1.81 million year-over-year. The company ended with $4.01 million in cash.
The revenue decline was primarily due to reduced orders from two major customers for Discover Drones product, dropping to $0.45 million from $2.08 million last year. Excluding these customers, core revenue grew from $1.69 million to $1.82 million year-over-year.
PCS Edventures! (PCSV), a leading K-12 STEM education program provider, reported unaudited results for Q1 FY2025 ended June 30, 2024. Highlights include:
- Revenue increased 21% to $3.16 million from $2.61 million in Q1 FY2024
- Net income rose to $1.14 million from $0.86 million year-over-year
- Cash position of $2.65 million at quarter-end
While Q1 showed strong growth, management cautioned about a challenging Q2 comparison due to exceptional revenue in Q2 FY2024, which included significant Air Force JROTC and Iowa Scale Up Program contributions. The company views this as temporary revenue lumpiness rather than a shift in overall growth trends.
PCS Edventures! (PCSV), a leading K-12 STEM education program provider, has been selected to present at the 9th annual MicroCap Leadership Summit on August 1st, 2024. The event, hosted by MicroCapClub at the Coeur d'Alene Resort in Idaho, is attended by 100 global retail and institutional investors. PCSV's President Michael Bledsoe will deliver the presentation, which will be available on the company's website.
PCSV is one of only six companies chosen to present at this year's summit. The MicroCap Leadership Summit is an exclusive forum for experienced microcap investors focusing on companies with sub $500m market cap trading on various global markets. Since 2011, MicroCapClub members have profiled over 1000 microcap companies, fostering a high-quality investor community and promoting better leadership in the microcap arena.
PCS Edventures! (PCSV) announced its fiscal year 2024 results, showcasing significant growth. Revenue climbed to $9.1 million, up from $7.0 million the previous year. Net income before tax benefit increased to $2.9 million compared to $1.8 million the prior year. The company concluded the fiscal year with $1.3 million in cash. President Mike Bledsoe attributed the success to the dedicated efforts of employees, while CEO Todd Hackett highlighted potential future growth, stating there's a vast untapped market for their STEM education programs.
PCS Edventures! (PCSV) announced preliminary results for fiscal year 2024, ending March 31.
The company reported revenue of $9.1 million, a significant increase from $7.0 million in the previous year.
Net income before tax benefit was $2.9 million, up from $1.8 million.
PCS Edventures! ended the fiscal year with $1.3 million in cash.
The final audited financial statements are expected to be filed in their 10-K Annual Report by June 28, 2024.
CEO Todd Hackett expressed confidence in the company's growth and looks forward to a successful fiscal year 2025.
