PCS Edventures!, Inc.

PCS Edventures!, Inc.

Company and status

• Idaho corporation. Former names: PCS Education Systems, Inc. (1994) → PCS Edventures!.com, Inc. (2000) → PCS Edventures!, Inc. (2015).
• Acquired Thrust-UAV (drone technology) in 2016.
• Returned to fully-reporting status with a Form 10 effective December 4, 2023.
• Governance and capital actions:
  • January 22, 2025: Sean P. Iddings appointed to the Board (three directors total).
  • April 10, 2025: Board authorized a share repurchase program of up to 10,000,000 shares (pre-reverse split); post-reverse split entitlement 833,334 shares.
  • March 23, 2026: Definitive 14C announcing a one-for-12 reverse stock split and reduction of authorized shares from 125,000,000 to 12,000,000.
  • May 4, 2026: Reverse split effective; post-split share metrics used in filings.
• As of March 31, 2026: 28 full-time employees and 1 part-time employee (total 29).

Business overview

PCS Edventures! develops and sells hands-on STEM education products and curricula for TK–12. The company produces educator-friendly programs designed for easy implementation without requiring teaching degrees. Following the Thrust-UAV acquisition, PCS also develops educational drones and drone curricula.

Product categories

1. Enrichment Programs
   • Teacher-friendly camps for informal learning (about 36 programs; typically adds at least two new programs per year).
   • Examples: Drone Designers; Ready, Set, Drone!; Rockin Robots; Influencer Camp; Cubelets Bot Builder; Oceanic Exploration; Cosmic Coders; World of Wonders.
2. Discover Series Products
   • Makerspace-oriented STEM activities to motivate STEM career pathways.
   • Examples: Discover Engineering; Discover Robotics & Physics; Discover Robotics & Programming; Discover STEM; Discover Digital Video.
3. BrickLAB Products
   • Grade-specific STEM curriculum using proprietary, Lego-compatible bricks; bricks manufactured by a long-time vendor in South Korea; curriculum printed and packaged in Meridian, Idaho.
4. Discover Drones / Drone Pathways / Add-on Drone Packages / Ala Carte Drone Items
   • Drone-based STEM education platforms, including indoor/outdoor add-ons and parts; the RubiQ education drone is a proprietary component.
5. STEAMventures BUILD Activity Book
   • TK–3 series designed for distance learning; 12 issues with instructor and family engagement guides; bricks provided separately.
6. Professional Development Training
   • Paid educator training for implementing company products in classrooms.

Product delivery and operations

• Sales via direct channels and reseller networks.
• Kits produced, assembled, packaged, and curriculum printed at the Meridian, Idaho facility; final assembly and quality control performed in Idaho.
• Curriculum development managed at the Meridian corporate facility.
• Supply chain includes overseas manufacturing for certain components.
• Resellers typically use a dropship model; shipments are directed to the reseller’s customers.
• Trainings conducted at PCS facilities or at customer locations.

Markets and customers

• Primary market: United States. International revenue is not a primary focus.
• FY2026: four major customers each accounted for at least 5% of sales, totaling 22.8% of FY2026 sales:
  • Customer A: 6.1%
  • Customer B: 5.8% (reseller)
  • Customer C: 5.3%
  • Customer D: 5.2% (reseller)
• The company considers the loss of any single major customer unlikely in the near term, but losing multiple major customers without replacements would pose a material risk to revenue.

Revenue (selected quarterly data)

• Fiscal year 2023 total: $9,353,164
  • Q1: $2,521,470; Q2: $2,605,281; Q3: $3,767,326; Q4: $459,087
• Fiscal year 2024 total: $8,391,180
  • Q1: $2,262,772; Q2: $3,159,923; Q3: $2,267,338; Q4: $701,147
• Fiscal year 2025 total: $6,000,520
  • Q1: $1,292,819; Q2: $2,423,309; Q3: $1,529,503; Q4: $754,889
• Quarterly figures above sum to the annual totals listed.

Employees

• 28 full-time and 1 part-time employee as of March 31, 2026 (total 29).

Intellectual property and regulatory posture

• The company reports it does not hold patents, registered trademarks, or licenses specific to its designs or equipment.
• No government approvals are required for principal products.
• As a Section 12(g) registered issuer, PCS is subject to Exchange Act requirements, Sarbanes‑Oxley compliance, proxy rules, and periodic reporting obligations (Form 10-K/10-Q and 8-K disclosures).
• The company manages trade secret protections and monitors foreign protections where applicable.

Facilities and leases

• Corporate headquarters: 941 S. Industry Way, Meridian, ID 83642; 5,016 sq ft; triple net lease starting October 21, 2024; initial monthly rent $5,225 with 3% annual escalators through November 30, 2029.
• R&D / Warehouse: 1135 N. Hickory Ave, Suite 130, Meridian, ID 83642; 20,880 sq ft; triple net lease starting October 1, 2024; initial monthly rent $15,660 with 3% annual escalators through November 30, 2029.

Other operational points

• Most manufacturing-related activities (kitting and packaging) occur at Meridian facilities.
• The company maintains relationships with multiple suppliers, including international vendors, and monitors tariff impacts on costs.
• Competitors include Lego, Robolink, Fischertechnik, K’Nex, Vex IQ, Teacher Created Materials, and non-profits such as Project Lead The Way. PCS emphasizes its curricular design and educator-focused approach as differentiators.

Summary

PCS Edventures! is a U.S.-focused provider of hands-on STEM education products and curricula for TK–12, including drone-based offerings. The company operates a mixed direct and reseller distribution model, performs domestic assembly and packaging in Idaho, and maintains a small employee base. Reported revenues for 2023–2025 ranged roughly from $6.0 million to $9.4 million. The company has completed a corporate reorganization that includes a one-for-12 reverse stock split and has active capital return considerations; several major customers collectively represented about a quarter of FY2026 revenue.