PCS Edventures! Reports Unaudited Results for the Second Quarter of Fiscal Year 2022
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
Positive
- Revenue of $0.99 million, up 154% year-over-year.
- Net income of $0.09 million compared to a net loss of $0.21 million in Q2 FY2021.
- Paid off a $100,000 note, reducing net debt.
- Expecting robust growth and record sales activity in early 2022.
- Plans to file Form 10 to become an SEC reporting company, enhancing visibility.
Negative
- Challenging supply-chain environment noted.
Details
News Market Reaction – PCSV
The recorded move for PCSV in the trading session of this news was +25.00%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOISE, Idaho, Nov. 15, 2021 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, today announced unaudited results of operations for its second quarter of Fiscal Year 2022, which ended on September 30, 2021.
Revenue was
Michael Bledsoe, President, commented, “We had another strong quarter, with revenue rebounding significantly from last year’s comparable quarter. Operationally, we are preparing for record sales levels and a surge of order activity at the start of calendar year 2022, albeit within a challenging supply-chain environment. Financially, we paid off a
Todd Hackett, CEO, commented, “We are executing our plan to enhance shareholder returns. The company is financially healthy and expecting robust growth over the next year. We expect to become an SEC reporting company sometime during the first calendar quarter of 2022, and we look forward to reinstituting our AGM next year.”
For more information about PCS Edventures!, Inc., visit our website.
Company financial information and reports can be found at https://www.otcmarkets.com/.
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/.
_ _
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934; actual results could differ materially from such statements.
Contact
Investor Contact: Michael Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: pcsv.global
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.