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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!, 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.
PCS Edventures!, Inc. (PCSV) has been selected by the Iowa Governor's STEM Advisory Council to expand its Ready, Set, Drone! program for upper elementary and middle school students. Iowa allocates $3M annually for quality STEM education, impacting up to 100,000 learners. PCS Edventures is among twelve approved program providers for the 2022-2023 academic year, offering educators materials and training to implement the program. The initiative aims to inspire students toward STEM careers relevant to industries like agriculture and construction.
PCS Edventures!, Inc. (PCSV) reported strong financial results for Q2 FY2022, achieving revenue of $0.99 million, a remarkable 154% increase compared to $0.39 million in Q2 FY2021. The company also transitioned to a net income of $0.09 million, compared to a net loss of $0.21 million in the same quarter last year. With $0.46 million in cash, plans to enhance shareholder returns, and expectations of record sales early 2022, PCS anticipates becoming an SEC reporting company in Q1 2022. This strategic move aims to boost visibility and investor engagement.
PCS Edventures!, Inc. (PCSV) reported strong results for Q1 FY2022, with revenue reaching $1.06 million, a significant 47% increase compared to $0.72 million from the same period last year. The company achieved a net income of $0.09 million, a turnaround from a loss of $0.08 million in Q1 FY2021. Cash flow from operations was $0.15 million, and cash reserves were $0.64 million. Management anticipates continued revenue growth and increased capacity to meet rising demand for K-12 STEM education products.
PCS Edventures!, Inc. (PCSV) reported its FY 2021 results, showing a significant decline in revenue to $2.11 million from $5.00 million in FY 2020. The company faced a net loss of ($0.16 million), compared to a profit of $1.04 million the previous year. Despite the setbacks from the pandemic, PCS is optimistic about FY 2022 due to increased sales as schools reopen and additional funding from government stimulus. Management projects that FY 2022 could be the company's strongest year yet in revenue and profitability.
PCS Edventures!, Inc. (PCSV) reported its Q3 fiscal results for 2021, revealing a 38% decline in revenue, totaling $0.36 million compared to the previous year. Net income improved to ($0.04 million), an increase from ($0.21 million) year over year, aided by a $184,480 gain from PPP loan forgiveness. Despite ongoing challenges in K-12 education due to the pandemic, the company achieved its third consecutive profitable year in 2020, with net income of $346,774.
PCS Edventures! (PCSV) announced the launch of BrickLAB STEAMventures, a K-3 educational product that combines magazines with LEGO-compatible bricks to enhance STEAM learning. The company faced challenges in securing a loan from the Federal Reserve's Main Street Lending Program, having been rejected by multiple banks due to concerns over credit profiles. Despite these setbacks, PCS anticipates launching its Enterprise Drone, aimed at sectors like law enforcement and agriculture, which is expected to generate sales. The company maintains a focus on experiential learning in the K-12 market.
