PCS Edventures Q2 revenue rises as growth initiatives gain traction
PCSV•PCS Edventures fiscal Q2 revenue increased 14.1% year over year to $1.75 million, while gross margin fell 60 basis points to 57.4% and the company posted a $0.12 million pretax loss. It expects current-quarter revenue to more than double from a year earlier.
1. Fiscal Q2 results
PCS Edventures reported fiscal Q2 revenue of $1.75 million, up 14.1% year over year. Gross margin declined 60 basis points to 57.4%, and the company posted a pretax net loss of $0.12 million.
2. Growth outlook
The company expects current-quarter revenue to be more than double the comparable quarter last year. It said sales-team investments and the launch of its Drone Pathways program helped drive growth, and expects those investments to show significant results going forward.
