PCS Edventures! Announces Results for the First Quarter of Fiscal Year 2026
PCS Edventures! (PCSV) reported its Q1 FY2026 results, showing mixed performance with revenue declining 23.3% to $2.42 million while maintaining improved gross margins of 63.4%. Net income before taxes decreased to $0.55 million from $1.12 million year-over-year, though cash position strengthened 11.5% to $3.59 million.
The company completed significant share repurchases, reducing shares outstanding by 3.1% through buying back 3.74 million shares. Despite challenges in federal funding for out-of-school programs, PCSV is adapting by aligning products with state-specific standards and developing a new indoor-outdoor modular drone for the CTE market. The company will hold its first annual shareholder meeting since 2016 on September 26, 2025.
PCS Edventures! (PCSV) ha comunicato i risultati del Q1 FY2026, registrando una performance mista con i ricavi in calo del 23.3% a $2.42 million ma con un margine lordo migliorato al 63.4%. L'utile ante imposte è diminuito a $0.55 million rispetto a $1.12 million anno su anno, mentre la posizione di cassa si è rafforzata dell'11.5% a $3.59 million.
L'azienda ha completato significativi riacquisti di azioni, riducendo le azioni in circolazione del 3.1% mediante il riacquisto di 3,74 milioni di azioni. Nonostante le difficoltà nel finanziamento federale dei programmi extrascolastici, PCSV si sta adattando allineando i prodotti agli standard specifici dei singoli stati e sviluppando un nuovo drone modulare per uso interno/esterno rivolto al mercato CTE. La società terrà la sua prima assemblea annuale degli azionisti dal 2016 il 26 settembre 2025.
PCS Edventures! (PCSV) informó sus resultados del Q1 FY2026, mostrando un desempeño mixto con ingresos que cayeron un 23.3% hasta $2.42 million mientras mantenía un margen bruto mejorado del 63.4%. La utilidad antes de impuestos disminuyó a $0.55 million desde $1.12 million interanual, aunque la posición de efectivo se fortaleció un 11.5% hasta $3.59 million.
La compañía completó recompras significativas de acciones, reduciendo las acciones en circulación en un 3.1% al recomprar 3.74 millones de acciones. A pesar de los desafíos en la financiación federal para programas fuera de la escuela, PCSV se está adaptando alineando sus productos con estándares específicos de cada estado y desarrollando un nuevo dron modular interior-exterior para el mercado CTE. La empresa celebrará su primera junta anual de accionistas desde 2016 el 26 de septiembre de 2025.
PCS Edventures! (PCSV)는 Q1 FY2026 실적을 발표했으며, 매출은 23.3% 감소한 $2.42 million로 혼조된 성과를 보였지만 매출총이익률은 63.4%로 개선되었습니다. 법인세 차감 전 순이익은 전년 동기 $1.12 million에서 $0.55 million로 감소했으나 현금 보유액은 11.5% 증가한 $3.59 million로 강화되었습니다.
회사는 3.74백만 주를 재매입해 유통 주식 수를 3.1% 줄이는 등 대규모 자사주 매입을 완료했습니다. 학교 밖 프로그램에 대한 연방 자금 조달의 어려움에도 불구하고 PCSV는 제품을 주별 기준에 맞추고 직업·기술 교육(CTE) 시장을 겨냥한 실내·실외 겸용 모듈형 드론을 개발하는 등 적응하고 있습니다. 회사는 2025년 9월 26일 2016년 이후 첫 연례 주주총회를 개최할 예정입니다.
PCS Edventures! (PCSV) a publié ses résultats du Q1 FY2026, affichant une performance contrastée avec des revenus en baisse de 23.3% à $2.42 million tout en conservant une marge brute améliorée de 63.4%. Le bénéfice avant impôts a diminué à $0.55 million contre $1.12 million sur un an, bien que la trésorerie se soit renforcée de 11.5% à $3.59 million.
La société a réalisé d'importants rachats d'actions, réduisant le nombre d'actions en circulation de 3.1% en rachetant 3,74 millions d'actions. Malgré les difficultés de financement fédéral des programmes hors temps scolaire, PCSV s'adapte en alignant ses produits sur les normes propres à chaque État et en développant un nouveau drone modulaire intérieur/extérieur destiné au marché CTE. La société tiendra sa première assemblée générale annuelle depuis 2016 le 26 septembre 2025.
PCS Edventures! (PCSV) veröffentlichte seine Q1 FY2026-Ergebnisse und zeigte eine gemischte Performance: Der Umsatz sank um 23.3% auf $2.42 million, während die Bruttomarge auf 63.4% verbessert wurde. Das Ergebnis vor Steuern fiel von $1.12 million im Vorjahr auf $0.55 million, die Cash-Position stieg jedoch um 11.5% auf $3.59 million.
Das Unternehmen schloss umfangreiche Aktienrückkäufe ab und verringerte die ausstehenden Aktien um 3.1% durch den Rückkauf von 3,74 Millionen Aktien. Trotz Herausforderungen bei der bundesstaatlichen Finanzierung von Programmen außerhalb der Schule passt sich PCSV an, indem Produkte an staatsspezifische Standards angeglichen und eine neue modulare Innen-/Außendrohne für den CTE-Markt entwickelt werden. Die Gesellschaft wird am 26. September 2025 ihre erste jährliche Hauptversammlung seit 2016 abhalten.
- None.
- Revenue decreased 23.3% to $2.42 million year-over-year
- Net income before taxes declined to $0.55 million from $1.12 million year-over-year
- Uncertainty in federal funding for out-of-school-time programs affecting demand
- Potential risk of reduced or defunded 21st CCLC program in next year's budget
MERIDIAN, Idaho, Aug. 14, 2025 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (“PCSV”), a leading provider of TK-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced results of operations for its first quarter of fiscal year 2026, which ended on June 30, 2025, and an update on its operations.
First Quarter 2026 Overview:
- Revenue decreased
23.3% to$2.42 million in the first quarter of fiscal year 2026 compared to the first quarter in the previous year.
- Gross margin increased 13 basis points to
63.4% in the first quarter of fiscal year 2026 compared to the first quarter in the previous year.
- Net income before income tax provision was
$0.55 million in the first quarter versus$1.12 million in the previous year same quarter.
- Cash on hand increased
11.5% to$3.59 million versus the first quarter in the previous year.
- During the quarter, 100,000 shares were repurchased on the open market with the intent of being canceled.
- Subsequent to June 30, 2025, shares outstanding declined
3.1% as 3,736,170 shares were repurchased on the public market.
Operational Update
Federal funding of out-of-school-time programs remained uncertain during the quarter, negatively affecting demand in our market. Our focus on states with significant after-school and summer camp funding continued to show promise, and we will continue to prioritize states with substantial state-level out-of-school-time funds.
Historically, PCS did not align products for classroom use because each state maintains its own standards, while out-of-school-time programs have broader standards. With the changing funding landscape, we have begun aligning select products to the standards of several larger states and collecting evidence of student outcomes. This work could materially expand our addressable market, and we will continue to adjust to evolving funding environments and customer needs.
On July 1, 2025, the administration froze after-school and summer camp funding, including 21st Century Community Learning Centers (“CCLC”). Given the coinciding weakness in our stock price, we repurchased 3,736,170 shares at an average price of
On July 18, 2025, the administration lifted the freeze allowing many out-of-school-time programs to continue for the coming year. Although next year’s budget could reduce or defund 21st CCLC, the bipartisan outcry during the freeze, and the recent Senate Appropriations Committee’s advancement of the fiscal year 2026 appropriations bill, suggests strong bi-partisan resistance to sustained funding cuts in education, and we do not view the elimination of the 21st CCLC program as a likely outcome despite the administration vocalizing its desire to do so.
Development of our next-generation indoor–outdoor modular drone is nearly complete. We are finalizing curriculum and conducting significant testing before launch, with a pilot program scheduled in September. Responding to customer feedback, we believe this product can unlock meaningful demand in career and technical education (“CTE”), a market largely untouched by the recent federal funding debate.
The Company may face further turbulence; however, we are positioned to weather near-term volatility and strengthen our competitive position. We look forward to sharing additional updates and invite shareholders to our annual meeting on September 26, our first since 2016.
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 Meridian, Idaho company that designs and delivers technology-rich products and services for the TK-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/
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