PCS Edventures! Announces Preliminary Results For Fiscal Year 2024

Rhea-AI Summary

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.

Positive

• Revenue increased from $7.0 million to $9.1 million.
• Net income before tax benefit rose from $1.8 million to $2.9 million.
• The company has $1.3 million in cash reserves.
• Record financial performance reported for fiscal year 2024.

Negative

• None.

BOISE, Idaho, June 18, 2024 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (“PCSV”), a leading provider of K-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced preliminary results of operations for its fiscal year ended March 31, 2024.

On a preliminary basis, revenue was $9.1 million compared to $7.0 million in revenue for the same period last year. Net income before tax benefit was $2.9 million compared to $1.8 million in net income for the same period last year. The Company ended its fiscal year with $1.3 million in cash.

Mike Bledsoe, President, commented, “While these results are preliminary, we feel confident that they represent what our audited financial statements will show in our 10-K Annual Report for the fiscal year ending March 31, 2024. We anticipate filing our 10-K on or before June 28, 2024.”

Todd Hackett, CEO, stated, “We had a record year in fiscal year 2024, and we felt compelled to share preliminary results while we are finalizing our 10-K for filing. We look forward to another successful year in fiscal year 2025.”

For more information about PCS Edventures!, Inc., visit our website.

Company financial information and reports can be found at https://www.sec.gov

About PCS Edventures!, Inc.

PCS Edventures!, Inc. (“OTCPK: PCSV”) is a Boise, Idaho company that designs and delivers technology-rich products and services for the K-12 market that develop 21st-century skills. PCS programs emphasize experiential learning in Science, Technology, Engineering, and Math (“STEM”). https://edventures.com/.

Forward-Looking Statements.

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This Press Release should be considered in light of the disclosures contained in the filings of PCS and its “forward-looking statements” in such filings that are contained in the United States Securities and Exchange Commission (the “SEC”) Edgar Archives at https://www.sec.gov.

Contact.

Investor Contact: Michael Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: https://investors.edventures.com/

FAQ

What are the preliminary revenue results for PCSV in fiscal year 2024?

PCS Edventures! reported preliminary revenue of $9.1 million, compared to $7.0 million in the previous year.

How much net income did PCSV report before tax benefit for fiscal year 2024?

PCS Edventures! reported a net income before tax benefit of $2.9 million, up from $1.8 million last year.

What is the cash position of PCSV at the end of fiscal year 2024?

PCS Edventures! ended fiscal year 2024 with $1.3 million in cash.

When will PCSV file its final audited financial statements for fiscal year 2024?

PCS Edventures! anticipates filing its 10-K Annual Report with the final audited financial statements on or before June 28, 2024.

What growth did PCSV achieve in fiscal year 2024?

PCS Edventures! achieved a significant growth in revenue and net income, with record financial performance.