Miami, FL – July 7, 2020 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on PCS Edventures!, Inc. (OTC Pink: PCSV).

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, Arts and Math (STEAM). https://www.edventures.com/. 

Average daily volume for PCSV 12 thousand shares. See how the volume does in the morning hours of trading.

PCS Edventures!, Inc. Press Release:

BOISE, Idaho, July 07, 2020 (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 audited results of operations for its Fiscal Year 2020, which ended March 31, 2020.

Revenue was $5.00 million — a fiscal year record for the Company — and was up 3% from audited Fiscal Year 2019 revenue. Net income was $1.04 million — a fiscal year record for the Company — and was up 22% from audited Fiscal Year 2019 net income. Cash flow from operations was $0.86 million, and the Company ended the fiscal year with $133,800 in cash.

Regarding the Company’s profitability, Michael Bledsoe, President, commented, “This is the second consecutive year of profitability for the Company, a result brought forth by focused effort of the Company’s outstanding employees. Having achieved profitability will now allow the Company to utilize various lending programs only available to companies with positive 2019 EBITDA. We expect to secure funding within the next few months to refinance all of our outstanding debt. Consolidating under this funding will substantially reduce the Company’s average annual interest on outstanding debt from 10% to under 4%.”

Mr. Bledsoe continued, “There is no doubt that the pandemic has affected our sales, as it has for many other companies. On a preliminary basis, our revenue was down over 50% from the year ago period for the Company’s first quarter of Fiscal Year 2021 (April 1, 2020 to June 30, 2020). Almost all schools and after school programs — essentially our entire market — were closed during this period. I was encouraged to see that even with our market 90%+ shut down during the quarter, we still managed to produce sales orders and revenue that exceeded the levels the Company produced during the same period in 2016 and 2017. It is incredible to me that we could exceed our performance prior to 2018 with nearly our entire market closed. This demonstrates that our Company has undergone significant positive change from what it was prior to 2018.”

Todd Hackett, CEO, said, “I think that we can safely say that we have achieved our first strategic priority of profitability. In the two fiscal years since new operating management took over, our Company has generated 16% more sales than it did in the previous four fiscal years (excluding the non-core, low margin international contract business that we exited in 2018), dropping $1.9 million to the bottom line. Due to the pandemic, management delayed its plans to continue paying down debt, our second strategic priority, and instead we have been accumulating cash as a safety buffer. On a preliminary basis, we ended the quarter with over $950,000 in cash which we expect is sufficient to fund our operations until things return closer to normal.”

Company financial information and reports can be found at https://www.otcmarkets.com/.

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

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, Arts and Math (STEAM). https://www.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 

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies.  Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization.  We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth.  Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community.  Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

Miami, FL – July 7, 2020 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on PCS Edventures!, Inc. (OTC Pink: PCSV).

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, Arts and Math (STEAM). https://www.edventures.com/. 

Average daily volume for PCSV 12 thousand shares. See how the volume does in the morning hours of trading.

PCS Edventures!, Inc. Press Release:

BOISE, Idaho, July 07, 2020 (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 audited results of operations for its Fiscal Year 2020, which ended March 31, 2020.

Revenue was $5.00 million — a fiscal year record for the Company — and was up 3% from audited Fiscal Year 2019 revenue. Net income was $1.04 million — a fiscal year record for the Company — and was up 22% from audited Fiscal Year 2019 net income. Cash flow from operations was $0.86 million, and the Company ended the fiscal year with $133,800 in cash.

Regarding the Company’s profitability, Michael Bledsoe, President, commented, “This is the second consecutive year of profitability for the Company, a result brought forth by focused effort of the Company’s outstanding employees. Having achieved profitability will now allow the Company to utilize various lending programs only available to companies with positive 2019 EBITDA. We expect to secure funding within the next few months to refinance all of our outstanding debt. Consolidating under this funding will substantially reduce the Company’s average annual interest on outstanding debt from 10% to under 4%.”

Mr. Bledsoe continued, “There is no doubt that the pandemic has affected our sales, as it has for many other companies. On a preliminary basis, our revenue was down over 50% from the year ago period for the Company’s first quarter of Fiscal Year 2021 (April 1, 2020 to June 30, 2020). Almost all schools and after school programs — essentially our entire market — were closed during this period. I was encouraged to see that even with our market 90%+ shut down during the quarter, we still managed to produce sales orders and revenue that exceeded the levels the Company produced during the same period in 2016 and 2017. It is incredible to me that we could exceed our performance prior to 2018 with nearly our entire market closed. This demonstrates that our Company has undergone significant positive change from what it was prior to 2018.”

Todd Hackett, CEO, said, “I think that we can safely say that we have achieved our first strategic priority of profitability. In the two fiscal years since new operating management took over, our Company has generated 16% more sales than it did in the previous four fiscal years (excluding the non-core, low margin international contract business that we exited in 2018), dropping $1.9 million to the bottom line. Due to the pandemic, management delayed its plans to continue paying down debt, our second strategic priority, and instead we have been accumulating cash as a safety buffer. On a preliminary basis, we ended the quarter with over $950,000 in cash which we expect is sufficient to fund our operations until things return closer to normal.”

Company financial information and reports can be found at https://www.otcmarkets.com/.

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

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, Arts and Math (STEAM). https://www.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 

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies.  Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization.  We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth.  Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community.  Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

Miami, FL – July 7, 2020 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on PCS Edventures!, Inc. (OTC Pink: PCSV).

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, Arts and Math (STEAM). https://www.edventures.com/. 

Average daily volume for PCSV 12 thousand shares. See how the volume does in the morning hours of trading.

PCS Edventures!, Inc. Press Release:

BOISE, Idaho, July 07, 2020 (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 audited results of operations for its Fiscal Year 2020, which ended March 31, 2020.

Revenue was $5.00 million — a fiscal year record for the Company — and was up 3% from audited Fiscal Year 2019 revenue. Net income was $1.04 million — a fiscal year record for the Company — and was up 22% from audited Fiscal Year 2019 net income. Cash flow from operations was $0.86 million, and the Company ended the fiscal year with $133,800 in cash.

Regarding the Company’s profitability, Michael Bledsoe, President, commented, “This is the second consecutive year of profitability for the Company, a result brought forth by focused effort of the Company’s outstanding employees. Having achieved profitability will now allow the Company to utilize various lending programs only available to companies with positive 2019 EBITDA. We expect to secure funding within the next few months to refinance all of our outstanding debt. Consolidating under this funding will substantially reduce the Company’s average annual interest on outstanding debt from 10% to under 4%.”

Mr. Bledsoe continued, “There is no doubt that the pandemic has affected our sales, as it has for many other companies. On a preliminary basis, our revenue was down over 50% from the year ago period for the Company’s first quarter of Fiscal Year 2021 (April 1, 2020 to June 30, 2020). Almost all schools and after school programs — essentially our entire market — were closed during this period. I was encouraged to see that even with our market 90%+ shut down during the quarter, we still managed to produce sales orders and revenue that exceeded the levels the Company produced during the same period in 2016 and 2017. It is incredible to me that we could exceed our performance prior to 2018 with nearly our entire market closed. This demonstrates that our Company has undergone significant positive change from what it was prior to 2018.”

Todd Hackett, CEO, said, “I think that we can safely say that we have achieved our first strategic priority of profitability. In the two fiscal years since new operating management took over, our Company has generated 16% more sales than it did in the previous four fiscal years (excluding the non-core, low margin international contract business that we exited in 2018), dropping $1.9 million to the bottom line. Due to the pandemic, management delayed its plans to continue paying down debt, our second strategic priority, and instead we have been accumulating cash as a safety buffer. On a preliminary basis, we ended the quarter with over $950,000 in cash which we expect is sufficient to fund our operations until things return closer to normal.”

Company financial information and reports can be found at https://www.otcmarkets.com/.

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

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, Arts and Math (STEAM). https://www.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 

About EmergingGrowth.com

EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies.  Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization.  We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth.  Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community.  Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  EmergingGrowth.com, or its associates may have a position either long or short in any company mentioned herein. Please read our full disclosure, which can be found here, http://emerginggrowth.com/disclosure/. Please consult an investment professional before investing in anything viewed within this article or any other portion of EmergingGrowth.com. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.

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