BOISE, Idaho, Nov. 15, 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 second quarter of Fiscal Year 2023 (FY 2023), which ended on September 30, 2022.
Revenue for the second quarter of FY 2023 was $1.24 million, which was 25% increased than the $0.99 million in income for the similar interval final 12 months. Net earnings for the second quarter was $0.17 million in comparison with $0.45 million for the second quarter of Fiscal Year 2022. The Company ended the quarter with $0.32 million in money.
Michael Bledsoe, President, commented, “We have had a tremendous first half of FY 2023. Our revenue for the first six months of FY 2023 was $2.63 million, up 28% from the $2.06 million of revenue reported for the first six months of FY 2022. On the final day of the first six month period of FY 2023, we were informed that we won a competitive bid from the United States Air Force to supply our Discover Drones program to their Junior Reserve Officers’ Training Corp (JROTC) program. The value of their first order was $2.65 million, essentially the same amount as our revenue for the first six months of FY 2023. We plan to have this order fulfilled and revenue recognized within FY 2023 which will make FY 2023 a record year for our Company in terms of revenue and net income.”
Todd Hackett, CEO, said, “Our Company continues to gain traction with our initiative to pursue larger customer implementations of our programs. Excluding resellers, for the first six month period of FY 2023, we had ten customers that were greater than $50,000 in size, and 4 greater than $100,000 in size. For the same period in FY 2022, we only had three customers greater than $50,000 and one greater than $100,000. All of us at the Company are very excited about the future.”
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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 expertise. PCS packages emphasize experiential studying in Science, Technology, Engineering, and Math (STEM). https://edventures.com/.
This press launch comprises forward-looking statements inside the that 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/
