PCS EDVENTURES!.COM INC - PCSV STOCK NEWS

PCS Edventures!, Inc. (PCSV) announced key operational updates on March 28, 2023. The company received final payment for its Discover Drones program from the Air Force JROTC, completing its debt repayment. PCS is set to end Fiscal Year 2023 on March 31, 2023, as a debt-free entity, with over $400,000 in cash, and a $300,000 available credit line. Preliminary estimates indicate a 70% revenue increase for FY 2023 compared to FY 2022. The Discover Drones program is gaining traction, and while a second order from the Air Force JROTC is anticipated, it remains contingent on funding availability.

PCS Edventures!, Inc. (PCSV) reported impressive third-quarter results for fiscal year 2023, ending December 31, 2022. Revenues surged to $1.85 million, marking a 225% increase from $0.57 million in the prior year. The company achieved a net income of $0.57 million, a turnaround from a net loss of $0.15 million in Q3 FY 2022. Growth was driven by a significant order of 344 Discover Drones units from the Air Force JROTC program. With a cash balance of $0.69 million, PCS aims to retire its corporate debt and anticipates further growth and profitability for the upcoming year.

PCS Edventures!, Inc. (PCSV), a provider of K-12 STEM education programs, announced on January 9, 2023, that the Iowa Governor’s STEM Advisory Council is accepting applications for educators to access its Discover Drones program. This partnership aims to enhance student interest in STEM across demographics. Successful applicants will gain curriculum resources, drone equipment, a professional development workshop, and ongoing support. An informational webinar is scheduled for January 31, 2023. The Iowa STEM Scale-Up program was initiated to ensure all children have access to superior STEM learning opportunities.

PCS Edventures!, Inc. (PCSV) reported its second quarter results for Fiscal Year 2023, ending September 30, 2022. Revenue increased by 25% to $1.24 million compared to $0.99 million last year. However, net income fell to $0.17 million from $0.45 million in FY 2022. The company secured a significant $2.65 million contract with the U.S. Air Force to supply the Discover Drones program. With cash at $0.32 million, PCS is on track for a record fiscal year.

PCS Edventures!, Inc. (PCSV) has secured a significant contract from the U.S. Air Force to provide up to 750 Discover Drones Classroom Packages annually for five years. The initial purchase order includes 344 units valued around $2.6 million, marking the largest single order in the company's history. President Michael Bledsoe expressed pride in this achievement, while CEO Todd Hackett noted the contract could exceed $30 million if fully exercised, positioning the company for substantial growth in the coming years.

PCS Edventures!, Inc. (PCSV) reported a 31% year-over-year increase in revenue for Q1 FY2023, totaling $1.39 million, compared to $1.06 million last year. Net income also rose to $0.26 million from $0.09 million. The company ended the quarter with $0.55 million in cash and continues to focus on debt reduction, having paid down $43,000 in principal. Shareholder equity improved significantly to $725,072 from a negative $224,963 a year ago, indicating a positive trend for investors.

PCS Edventures!, Inc. (PCSV) reported audited financial results for Fiscal Year 2022, revealing a significant revenue increase to $4.07 million from $2.11 million in 2021. The company achieved a net income of $0.73 million compared to a loss of $0.12 million the previous year. Cash flow from operations was $0.26 million, with year-end cash reserves of $0.58 million. Management anticipates continued sales growth through Fiscal Year 2023, despite pressing supply-chain challenges.

PCS Edventures!, Inc. (PCSV) reported a revenue increase to $0.57 million for Q3 FY 2022, up 61% from $0.36 million in the same period last year. However, net income was reported at -$0.15 million, a decline from -$0.04 million in Q3 FY 2021. The company ended the quarter with $0.26 million in cash. Despite these results, CEO Todd Hackett projects FY 2022 revenue to exceed $3.6 million, a 70% increase from FY 2021, with expected significant growth continuing into FY 2023.

PCS Edventures!, Inc. (PCSV) announced that the Iowa Governor’s STEM Advisory Council is now accepting applications for its Ready, Set, Drone! program, targeted at educators for upper elementary and middle school students. This recognition allows PCS to extend its STEM curriculum further into Iowa, reflecting strong demand for quality STEM education. The program offers educators lesson plans, drone equipment, a professional development workshop, and ongoing support. Applications can be submitted via the Iowa STEM website, with a free webinar scheduled for January 19, 2022.