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.
