PHOENIX, AZ / ACCESSWIRE / November 28, 2018 / Uptick Newswire featured PCS Edventures!.com, Inc., (OTCQB: PCSV) ("The Company"), a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, on their Stock Day Podcast. Todd Hackett, CEO of PCS Edventures!.com, Inc., talked with host Everett Jolly.
Right off the top, Jolly asked Hackett about the "yield" sign that appears on the OTC website, along with the statement, "Warning! This company has posted limited financial disclosure through the OTC Disclosure & News Service or is late in their filing obligations with the SEC."
"It should be gone," explained Hackett. "Some of the reports had not gotten reported to the OTC and there is a fee that the OTC charges to have all that stuff on their website and it's approximately $5,000 a year. We paid that, but we had not paid it in the past and did not realize that was causing the 'yield' sign, when we went to a non-reported company. So, we have paid it. I don't know why it's still up, I will check that out."
Jolly asked for clarification asking if everything was cleared up and up-to-date. Hackett said to his knowledge everything is up-to-date. Jolly then turned to unaudited results of operations for PCS Edventures!.com, Inc's second quarter of fiscal year 2019. Revenue was $1.22 million, which was up 114% from the same period last year.
"The sales were strong. It was a good quarter. Not our best obviously, the quarter before that we did $1.8 million. This is a seasonal trend somewhat," said Hackett. "The quarter we are in right now is the toughest one for the company because you have Thanksgiving and Christmas and a lot of schools stop doing their ordering."
He went on to say the next quarter, Q4, that starts in January will be extremely strong. Jolly then asked about the KODAK RIOT 250R Pro Sport Drone, a first-person view (FPV) drone capable of reaching speeds of over 75mph. He wanted to know how the licensing agreement with the drone will benefit the company.
"The product was actually something we developed in-house. We were going to try and market it but we don't have the marketing muscle to reach the right end users. That's where Kodak came in to the equation with this licensing deal. They have a bunch of channels they are introducing us to so we can hopefully get these on the shelf in retail places and see our volume increase substantially."
Jolly then asked why the company market cap has such a low value, between $2.5 and $3 million when PCS Edventures!.com is already reporting revenues of around $3 million a year.
"We believe it's undervalued. We need to do a better job of educating the market on where we're at. This is our third consecutive profitable quarter. We need to somehow let the market know we are doing a good job with the company and the company is better all around".
To listen to the entire interview, click on the podcast here: https://upticknewswire.com/featured-interview-ceo-todd-hackett-of-pcs-edventures-com-inc-otcpink-pcsv-3/
About PCS Edventures!
PCS Edventures!.com, Inc. (OTCPK: PCSV) is a Boise, Idaho company that designs and delivers technology-rich products and services for the K-12 market that develop 21st-century skills. PCS programs emphasize experiential learning in Science, Technology, Engineering, Arts and Math (STEAM) and have been deployed at over 7,000 sites in all 50 United States and 17 foreign countries. https://edventures.com.
Contact
Investor Contact: Mike Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: pcsv.global
Forward Looking Statements
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.
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SOURCE: Uptick Newswire