PCS Edventures! Reports Unaudited Results For the Third Quarter of Fiscal Year 2025

Rhea-AI Summary

PCS Edventures (PCSV) reported unaudited Q3 FY2025 results with revenue of $0.70 million, up from $0.46 million in the same period last year. The company posted a net loss before income tax of ($0.43 million), slightly higher than the ($0.41 million) loss in the previous year's quarter. Cash position stood at $3.59 million.

Management noted Q3 represents their seasonal low point, and highlighted significant investments in warehouse and office capacity, which impacted short-term profitability but are expected to support future growth. The company has been actively buying back shares, purchasing and retiring 2,543,731 shares in FY2025, representing a 2.0% reduction in shares outstanding.

Positive

• Revenue increased 52% YoY to $0.70M from $0.46M
• Strong cash position of $3.59M
• 2.0% reduction in shares outstanding through buyback program

Negative

• Net loss widened to $0.43M from $0.41M YoY
• Increased expenses from warehouse and office capacity investments impacting profitability

News Market Reaction

-0.87%

1 alert

-0.87% News Effect

On the day this news was published, PCSV declined 0.87%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOISE, Idaho, Feb. 14, 2025 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (“PCSV”), a leading provider of K-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced unaudited results of operations for its third quarter of Fiscal Year 2025, which ended on December 31, 2024.

Revenue was $0.70 million compared to $0.46 million in revenue for the same period last year. Net income before income tax provisions was ($0.43 million), compared to net income before income tax provisions of ($0.41 million) for the same period last year. The Company ended the quarter with $3.59 million in cash.

Mike Bledsoe, President, commented, "The third quarter of our fiscal year is the low point of our seasonality cycle. While it was nice this year to exceed last year's quarterly revenue, the absolute numbers are quite small compared to the other three quarters of the fiscal year. More importantly, we have been preparing the foundation for stronger quarters ahead, including a significant investment in our warehouse and office capacity. This impacted short-term profitability in the quarter, but it was essential for improving operations and scaling for future growth. We expect these investments to pay off in the future." 

Todd Hackett, CEO, stated, “While our business has seasonality, we have confidence over our full cycle in our profitability and over the longer term in our growth prospects. When looking out over the longer term, we like what we see, and have been buying back our common stock and retiring it as opportunities have presented themselves. For the three months ended December 31, 2024, we bought back 1,172,417 shares of our common stock. Including the share purchases we disclosed in January, 2025, we have purchased and retired 2,543,731 shares in Fiscal Year 2025, which represents a 2.0% reduction in shares outstanding.”

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 was PCSV's revenue in Q3 FY2025?

PCSV reported revenue of $0.70 million in Q3 FY2025, compared to $0.46 million in the same period last year.

How many shares did PCSV buy back in FY2025?

PCSV bought back and retired 2,543,731 shares in FY2025, representing a 2.0% reduction in shares outstanding.

What was PCSV's cash position at the end of Q3 FY2025?

PCSV ended Q3 FY2025 with $3.59 million in cash.

What investments did PCSV make in Q3 FY2025?

PCSV made significant investments in warehouse and office capacity during Q3 FY2025 to improve operations and scale for future growth.

What was PCSV's net income in Q3 FY2025?

PCSV reported a net loss before income tax provisions of $0.43 million in Q3 FY2025, compared to a loss of $0.41 million in the same period last year.