AskMuncher
3 years ago
$PCSV PCS Edventures! Reports Unaudited Results for the Second Quarter of Fiscal Year 2022
Press Release | 11/15/2021
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 $0.99 million, which was 154% higher than the $0.39 million in revenue for the same period last year. Net income for the second quarter was $0.09 million compared to ($0.21 million) for the second quarter of Fiscal Year 2021. The Company ended the quarter with $0.46 million in cash.
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 $100,000 note during the quarter, reducing our net debt correspondingly. We anticipate reducing net debt significantly next year. Strategically, we are enhancing the translation of operational success into shareholder returns by preparing to file Form 10 with the Securities and Exchange Commission to become an SEC reporting company once again. This filing is imminent and, once effective, is expected to elevate our visibility within the investment community. I believe that calendar year 2022 will be a momentous year for the Company and our shareholders.”
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
AskMuncher
4 years ago
$PCSV VNUE CEO Zach Bair is Featured in National "The Aquarian"
Press Release | 11/13/2020
VNUE CEO Zach Bair is Featured in National "The Aquarian"
"Singer, songwriter, producer, entrepreneur, champion of mental health, music technician, force to be reckoned with…"
PR Newswire
MEMPHIS, Tenn., Nov. 13, 2020
MEMPHIS, Tenn., Nov. 13, 2020 /PRNewswire/ -- Zach Bair, CEO of VNUE, Inc. (OTC:VNUE), announced today the publication of a feature story in the national music publication "The Aquarian Weekly", one of the top national music publications for over 50 years.
In the article, Zach Bair offers an in-depth interview about his mission to help get the word out for the American Foundation for Suicide Prevention (AFSP), a national non-profit suicide organization that is local in every state in the US, as well as detailed discussions about his efforts in the music business and VNUE's disruptive Soundstr music recognition technology (MRT).
For months, Bair has been doing a media tour and appearing on television, in radio spots and in the press as he shares data about suicide and depression from the CDC and Mental Health America, and his single "Ordinary Girl," which tackles this difficult subject head on. He also hosted a live Memphis benefit concert and continues to donate 20 percent of proceeds to the AFSP from streams and downloads of the "Ordinary Girl" single as well as the EP. The new single and EP is now being played on hundreds of radio stations both across the nation and internationally and is being streamed widely.
Bair has stepped up as an activist in order to help anyone dealing with suicide ideation and depression, since it touched him in a very personal way.
"This pandemic – and all of the other various stresses we are all going through right now, including the upcoming holiday season – makes it all that much more important to ensure those who may be suffering from depression or mental health issues get the help they need," said Bair. "I'm blessed to be able to share this message in the context of music, and to use this platform to raise awareness."
In The Aquarian Weekly article , written by journalist Debra Kate Schafer, Bair's commitment to shed a light on suicide and depression is like a musical hook that is now resonating with millions of fans.
Schafer wrote, in part, "With inspiration being taken from The Beatles, Boston, Foo Fighters, Journey, Tears for Fears, and Soundgarden, Zach Bair has taken a handful of ingredients from some of the greatest musical acts in history to create his own original sound and authentic rock style. The cherry on top of his delectable musical work? The amount of advocating he does for other people and other artists. With a partnership with the American Foundation for Suicide Prevention and a business venture to bring both power and revenue back into the hands of artists, Bair is proving that with enough passion and motivation, nothing can stop you from doing well by yourself and your peers – even during a global pandemic."
To read the breakthrough article,click here.
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE) is a leading music technology company dedicated to further monetizing the live music experience for artists, labels, writers, and publishers, with products such as its set.fm instant content distribution platform (www.set.fm), exclusive license partner and "instant live" pioneer DiscLive (www.disclive.net), and protecting the rights of artists and writers with the company's groundbreaking Soundstr music recognition technology (MRT) platform (www.soundstr.com). The veteran entrepreneurs, artists and songwriters behind VNUE, led by music and tech entrepreneur and recording artist Zach Bair, are passionate about the future of their industry and ensuring that rights holders' value is not lost amid always-changing technology. For more information, please visit www.vnue.com.
Cision View original content:http://www.prnewswire.com/news-releases/vnue-ceo-zach-bair-is-featured-in-national-the-aquarian-301172806.html
SOURCE VNUE, Inc.
AskMuncher
4 years ago
$PCSV PCS Edventures! Reports Unaudited Results for the Third Quarter of Fiscal Year 2020
Press Release | 08/13/2020
BOISE, Idaho, Aug. 13, 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 unaudited results of operations for its first quarter of Fiscal Year 2021 which ended on June 30, 2020.
Revenue was $0.72 million, which was down 56% from the revenue generated in the same period last year. Net income was ($0.08 million) compared to $0.58 million for the same period last year.
Michael Bledsoe, President, commented, “The closure of schools and after-school programs has significantly affected the Company’s performance compared to a year ago. While this is extremely disappointing to all of us, the consolation I offer is that the Company is streamlined and efficient, with good operating leverage when revenue levels rebound to normal levels. As evidence, our performance for the first quarter of this fiscal year exceeded our performance in the same quarter of Fiscal Year 2018, when we reported revenue of $0.64 million and net income of ($0.27 million), and Fiscal Year 2017, when we reported revenue of $0.65 million and net income of ($0.41 million).”
Todd Hackett, CEO, noted, “The Company has been developing a new product line for the K-3 market in today's educational landscape, which increasingly includes distance learning. This product line includes an individualized and easy-to-clean Brick Kit and flexible resources for students, educators, and families. This product rolls out on September 1, 2020. We are excited about the potential of this product line, not only because it directly addresses our current educational environment and the struggles associated with online learning, but also because it can be used in any educational environment and can be scaled easily as its popularity increases.”
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://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.
adijas
6 years ago
PCS Edventures! Provides Operational Update for the Second Quarter of FY 2019Press Release | 08/30/2018
BOISE, Idaho, Aug. 30, 2018 (GLOBE NEWSWIRE) -- PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, today provided an operational update for its second quarter of Fiscal Year 2019.
Revenue for Fiscal Year 2019 second quarter-to-date (through August 24, 2018) has exceeded $850,000, which is a 51% increase in revenue reported for the same quarter last fiscal year. July sales more than doubled for FY19 versus FY18.
Another production run of the Company’s flagship education drone, the RubiQ, is well underway. While PCS continues to oversee the manufacturing of the drone, the Company is in the final stages of negotiating the outsourcing of RubiQ production. Outsourcing production will free up human resources and provide additional efficiencies as the Company prepares for significantly increased sales volumes.
PCS has initiated the process to file its financial statements and company updates on the OTC Markets website, found at https://www.otcmarkets.com/. The Company has uploaded annual and quarterly reports to the site and updated Company-related information. The Company is investing resources in these actions to better accommodate investors and provide a method through which they can access user-friendly communication about PCS Edventures, thus ultimately enhancing the liquidity of the Company’s stock.
In July, the Company purchased 1 million shares of restricted stock from an investor for 2.5 cents per share. The Company is in the process of retiring the shares to reduce the outstanding share count.
Mike Bledsoe, President, commented, “We continue to gain momentum on RubiQ sales and are already preparing for greater volume. Our recent purchase of our stock is an indication of management’s confidence about the Company’s future and its dedication to shareholders.”
Todd Hackett, CEO, said, “Given our desire to properly communicate our progress to investors, we are providing our financial disclosures and information on the OTC Markets site. This is an important first step in improving our stock’s visibility and liquidity.”
adijas
6 years ago
PCS Edventures! Reports Unaudited Results for the First Quarter of Fiscal Year 2019Press Release | 08/15/2018
BOISE, Idaho, Aug. 15, 2018 (GLOBE NEWSWIRE) -- PCS Edventures!.com, 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 first quarter of fiscal year 2019 which ended in June 30, 2018.
Revenue was $1.81 million, a quarterly record for the Company, which was up 184% from the same period last year. Net income was $0.75 million, also a quarterly record for the Company. Cash flow from operations was $0.90 million and the Company ended the quarter with $284,000 in cash.
“PCS Edventures delivered record results for the first fiscal quarter, driven by robust demand for the Company’s education products, primarily our drone-related education solutions and enrichment camps,” said Mike Bledsoe, Vice President and Treasurer. “Our seasonal peak this year was higher than ever and lasted much longer than prior peak seasons, and our team executed smartly.”
Todd Hackett, CEO, commented, “We have seen a significant pick up in sales volume this calendar year compared to last and we expect this trend to continue. Our products are being well-received not only for their quality and value, but also because we have significantly increased marketplace awareness of the Company through more effective marketing over a broader reach which includes our expanding reseller network.”
For more information about PCS Edventures, visit our website.
adijas
6 years ago
Nice news
PCS Edventures! Announces One Million in Drone Sales
Aerial Robotics Learning Solution Discover Drones Taking off Across the Nation
BOISE, Idaho, July 25, 2018 (GLOBE NEWSWIRE) -- PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs, announced over one million dollars in sales of the drone educational program, Discover Drones.
The one million dollar benchmark underlines the growing demand for student drone learning programs which balance technical education and career opportunities with engaging curriculum and relevant topics. Discover Drones is the world’s first modular, open-source educational drone. As a build-from-the-ground-up kit, the program’s premiere drone, called RubiQ, gives students hands-on STEM experiences in areas like robotics, electronics, wave dynamics and physics.
There are a number of significant factors driving the success of the program: 1) Educators are looking for top-quality professional development as they seek to integrate drones into their STEM programs; 2) the skills acquired through technical drone education are applicable to the hundreds of new careers evolving in the rapidly growing, multi-billion dollar drone industry; 3) Drone technology is a rich platform for teaching STEM topics; 4) Drone racing is a highly engaging activity that is a perfect tool for teachers seeking solutions to student recruitment into technology education programs.
Mike Bledsoe, PCS Vice President and Treasurer, commented on the million dollar mark, saying: “We are pleased with the success to date of our education drone product line and very encouraged about its future prospects. Drones are being adopted by more and more schools and programs each year as part of their STEM curriculum, and we believe that we are in the early stages of a multi-year, wide-scale rollout of drones in the U.S. education market.“
For more information about the Discover Drones package, visit our website.
About PCS Edventures!
PCS Edventures!.com, 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) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. http://www.edventures.com.
adijas
6 years ago
News out
PRESS RELEASE: PCS EDVENTURES ANNOUNCES $778,000 STEM ORDER
Categories : Drones, Early Childhood Education, Investor Relations, PCSV, Press Release, STEM Education, Summer Camps, Technology, Thrust UAV
STEM Solutions Continue to Stimulate National K-12 Education
Boise, Idaho, February 27, 2018 — PCS Edventures!.com, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) programs and leader in the design and manufacturing of precision drone technology products and solutions today announced the receipt of purchase orders totaling $778,262.50 for PCS STEM Enrichment Camps.
The purchase orders originate from a corporate client who over the last eight years has purchased and utilized PCS Enrichment Camp products. This year’s order represents a 21% increase over last year’s order, becoming the largest yearly order PCS Edventures! has received from this client.
Michelle Fisher, Director of STEM Development, commented, “It’s exciting for us to provide top-quality STEM programs to more and more students each year. With this order, we released two new titles: Ready, Set, Drone!, which introduces drone technology to upper elementary students, and Blocksmith, a new 3D builder software for virtual reality. We’re so happy to see such a warm market reception to kick off the summer camp season.”
Todd Hackett, CEO of PCS Edventures!, commented, “In addition to this order, there are several positive developments at the company. We are working with a number of corporate customers on the drone side. For example, we have recently received a purchase order for $134,269 from a large global mining customer for a camera system designed by our Thrust-UAV division. This is an additional, follow-up order on their initial order last year. We have implemented several measures to cut overhead costs and are increasingly moving toward positive cash flow results. Every member of the PCS team is very dedicated, and we’re all working diligently toward the mutual goal of becoming successful and profitable in each of the company’s goals and ventures.”
About PCS Edventures!
PCS Edventures!.com, 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) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. 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.
Level up your trading with our powerful tools and real-time insights all in one place.
Harbor6460
4 weeks ago
Papa Bear
4 years ago
petergeorge
5 years ago
81vette
6 years ago
tripil7z
6 years ago
willlbone
6 years ago
I-Glow
8 years ago
Hot Features
Premium
