PCS Edventures!, Inc. reported a revenue of $7.42 million for the fiscal year ending March 31, 2025, a decline of 18.4% from the previous year's revenue of $9.09 million. The company's net income also decreased significantly, falling to $946,865 from $4.44 million in the prior year. This decline in financial performance was attributed to several factors, including the loss of a key Iowa STEM Scale-Up contract, reduced orders from existing customers, and the expiration of ESSER funding, which had previously supported educational programs.
In terms of operational changes, PCS Edventures! has been actively pursuing larger customers and reported an increase in customer transactions over $100,000, with 16 such transactions in fiscal 2025 compared to 17 in fiscal 2024. The company has also expanded its employee base, increasing from 22 to 25 full-time employees. Additionally, the company has made strategic moves to enhance its product offerings, including the development of educational drones and related curriculum through its acquisition of Thrust-UAV.
The company’s operational metrics indicate a strong focus on customer engagement, with a current ratio of 18.13 as of March 31, 2025, reflecting improved liquidity compared to 13.04 the previous year. PCS Edventures! has also seen a significant increase in cash reserves, rising to $3.22 million from $1.33 million in the prior year. However, the company continues to face challenges in its supply chain, particularly due to inflationary pressures and tariffs affecting raw material costs.
Looking ahead, PCS Edventures! plans to adapt its product offerings to align more closely with state educational standards, anticipating a shift in federal influence over education policy. The company is also focusing on building a library of evidence demonstrating the effectiveness of its products, which it believes will enhance its competitiveness in securing state-funded contracts. Management remains optimistic about future growth, particularly in the educational drone market, which is expected to expand significantly.
About PCS Edventures!, Inc.
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