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PCS Edventures! is a Boise, Idaho based company that provides systemic solutions for education from grades six through university level. Specializing in STEM education (Science, Technology, Engineering, and Math), PCS Edventures designs and delivers student-centered, experiential learning environments to create lifelong learners passionate about discovery, innovation, exploration, and creativity. Graduates of PCS programs are well-equipped to thrive in the new global economy, emerging as leaders in their fields.
Recent achievements include a 72% increase in revenue for FY 2023, reaching $7.00 million, and a 142% increase in net income before tax benefits, totaling $1.76 million for FY 2023. The company's success is attributed to its customer-centric approach, emphasis on supporting customers post-purchase, and commitment to providing innovative products tailored to customer needs.
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.
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