PCS CEO Discusses Q1 Results
We recently released our Q1 financials for FY2015 and the picture they paint is of growth. Our Q1 financials were $1,002,565, a revenue number that beats Q1 numbers going back for four years by double or more except for 2012 when we did $515K – $30K short of double. What this indicates is that the changes we are implementing on a daily basis are gaining ground. If we look back to the prior quarter, Q4 of FY2014, the revenues were 707K beating all four years prior as well – last year was $425K.
To be profitable, PCS must first focus on growth in revenues and that is what we are doing as we dedicate resources to product R&D, building a sales network, and creating channels for moving products and services to the consumer market to diversify our revenue streams. I had the pleasure of talking to a PCSV shareholder this week who was wondering about profits. I told him the overhead of being a public company is high, and that the resources we need to operate require us to get to $4-$5MM in revenues to become profitable and stage the company for growth and earnings. Our primary goal is to get to that level of revenue as fast as possible with the resources at hand.
The recent announcements regarding contracts are great news and give shareholders an indication of more good things to come. I am personally excited about our new software partnership with Curious Media and the related software products we are producing for both the educational and retail markets. Our new 3D Interactive Curriculum and PCS Cortex, tablet based robotics programming, have great market appeal and the entire company is excited about their release.
To learn more about the PCS business model and opportunity please visit our investor relations website and review the PDFs available for download. http://pcsv.global
Thanks for your continued support of PCSV and stand by for more news as it develops.
Robert Grover, CEO
PCS Edventures, Inc.
About PCS Edventures!
PCS Edventures!.com, Inc. (PCS) designs and delivers educational products and services to the K-16 market that develop 21st century skills. PCS programs emphasize hands-on experiences in Science, Technology, Engineering and Math (STEM) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. Additional information on our STEM products is available at http://www.edventures.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Actual results could differ materially from such statements.
Investor Contact: Robert Grover, CEO 1-800-429-3110 Investor Relations Website: http://pcsv.global