BOISE, Idaho, Aug. 12, 2022 (GLOBE NEWSWIRE) — PCS Edventures!, Inc., (PCSV) a number one supplier of Okay-12 Science, Technology, Engineering and Mathematics (STEM) teaching programs and drone merchandise, right now introduced unaudited outcomes of operations for its first quarter of Fiscal Year 2023, which ended on June 30, 2022.
Revenue was $1.39 million, which was 31% increased than the $1.06 million in income for the identical interval final 12 months. Net earnings for the first quarter was $0.26 million in comparison with $0.09 million for the first quarter of Fiscal Year 2022. The Company ended the quarter with $0.55 million in money.
Michael Bledsoe, President, commented, “Demand for our STEM solutions is robust and the Company experienced elevated sales activity during the first quarter of Fiscal Year 2023, resulting in excellent sales and profitability numbers for the quarter. We have been chipping away at our debt balance, having paid down another $43,000 in principal during the quarter. Our top priority with excess cash flow during the course of Fiscal Year 2023 is to continue reducing debt.”
Todd Hackett, CEO, said, “In addition to taking care of our core business, we have been working on several larger customer relationships which we believe will become visible in our numbers as Fiscal Year 2023 progresses. I am pleased to point out that our efforts are already showing up in the numbers as shareholder equity at quarter end was $725,072 versus equity of ($224,963) in the comparable year-ago quarter.”
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About PCS Edventures!, Inc.
PCS Edventures!, Inc. (OTCPK: PCSV) is a Boise, Idaho firm that designs and delivers technology-rich services for the Okay-12 market that develop Twenty first-century abilities. PCS applications emphasize experiential studying in Science, Technology, Engineering, and Math (STEM). https://edventures.com/.
This press launch incorporates forward-looking statements inside the which means of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934; precise outcomes might differ materially from such statements.
Contact
Investor Contact: Michael Bledsoe 1.800.429.3110, [email protected]
Investor Relations Web Site: https://investors.edventures.com/
