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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) 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.
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.
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