PCS Edventures!, Inc. (OTCPK: PCSV) announced results for the second quarter of fiscal year 2027, which ended on September 30, 2026. The company reported revenue of $1.75 million for the quarter, representing an increase of 14.1% compared to the second quarter of the prior fiscal year.
The company’s gross margin for the second quarter of fiscal year 2027 was 57.4%, a decrease of 60 basis points from the same period in the previous year. Net income before the income tax provision was ($0.12 million) for the quarter, compared to $0.0 million for the same quarter in the previous year.
As of September 30, 2026, the company reported cash on hand of $2.32 million, which is a decrease of $0.36 million from the beginning of the fiscal year. During the quarter, PCS Edventures! repurchased 195,711 shares of its common stock for an aggregate consideration of $282,853, with the shares being canceled.
Management commented on the results, noting that revenue for the current quarter is expected to be more than double that of the previous year's comparable quarter due to the fulfillment stages of a large order. The company highlighted investments in its sales team and the recent release of its Drone Pathways program as key growth initiatives.
