Meridian STEM company reports decreased revenue in Q1 of 2027

PCS Edventures! reported a 28.2% drop in revenue for the first quarter of fiscal year 2027, falling to $1.74 million compared to the same period a year earlier, the Meridian-based STEM education company announced Aug. 13.

Net income before taxes declined to $100,000 from $600,000 in the year-ago quarter. Gross margin slipped 60 basis points to 62.8%. Cash on hand fell 1% to $2.65 million from the start of the fiscal year. The company also repurchased 32,556 shares on the open market during the quarter with the intent to cancel them.

Despite the results, President Mike Bledsoe said he expects improvement in the months ahead.

“While we didn’t get the start to our fiscal year 2027 that we were hoping for, the visibility that we have still suggests that this fiscal year will be better than last fiscal year,” Bledsoe said. “I expect favorable year-over-year comparisons for at least the next two quarters.”

Bledsoe said the company has been investing in its sales department and plans to continue hiring. He also pointed to two recently launched programs as growth drivers: A Career Pathways drone curriculum and an AI Innovators enrichment program.

“We also recently released our AI Innovators enrichment program, giving the market exactly what it has been asking for in terms of AI curriculum,” Bledsoe said.

PCS Edventures! designs and delivers science, technology, engineering and math education products and services for the TK-12 market, with an emphasis on experiential learning. The company trades on the OTC market under the ticker PCSV.

The company’s first quarter of fiscal year 2027 ended June 30, 2026. Financial reports are available through the U.S. Securities and Exchange Commission’s EDGAR database at sec.gov.

This story was written using artificial intelligence with human oversight.