MERIDIAN, Idaho, Aug. 14, 2025 (GLOBE NEWSWIRE) — PCS Edventures!, Inc. (“PCSV”), a leading provider of TK-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced results of operations for its first quarter of fiscal year 2026, which ended on June 30, 2025, and an update on its operations.
First Quarter 2026 Overview:
- Revenue decreased 23.3% to $2.42 million in the first quarter of fiscal year 2026 compared to the first quarter in the previous year.
- Gross margin increased 13 basis points to 63.4% in the first quarter of fiscal year 2026 compared to the first quarter in the previous year.
- Net income before income tax provision was $0.55 million in the first quarter versus $1.12 million in the previous year same quarter.
- Cash on hand increased 11.5% to $3.59 million versus the first quarter in the previous year.
- During the quarter, 100,000 shares were repurchased on the open market with the intent of being canceled.
- Subsequent to June 30, 2025, shares outstanding declined 3.1% as 3,736,170 shares were repurchased on the public market.
Operational Update
Federal funding of out-of-school-time programs remained uncertain during the quarter, negatively affecting demand in our market. Our focus on states with significant after-school and summer camp funding continued to show promise, and we will continue to prioritize states with substantial state-level out-of-school-time funds.
Historically, PCS did not align products for classroom …