8-K
PCS Edventures!, Inc. (PCSV)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported: November 15, 2024
PCSEdventures!, Inc.
(Exact name of registrant as specified in its charter)
N/A
(Former name or address, if changed since last report)
| Idaho | 000-49990 | 82-0475383 |
|---|---|---|
| (State<br> or Other Jurisdiction<br><br> <br>Of<br> Incorporation) | (Commission<br> <br><br>File Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> Number) |
11915W. Executive Drive, Suite 101
Boise,Idaho 83713
(Address of Principal Executive Offices, Including Zip Code)
(208)343-3110
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities<br>Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange<br>Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under<br>the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under<br>the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter or Rule 12b-2 of the Securities and Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section7 - Regulation FD
Item7.01 Regulation FD Disclosure.
See Section 9, Financial Statements and Exhibits, Item 9.01, below, and Exhibit 99.
The information contained in this Item 7.01 and in Exhibit 99 is being furnished, and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under such Section 18. Furthermore, the information contained in this Item 7.01 and in Exhibit 99 shall not be deemed to be incorporated by reference into our filings under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.
Section9 - Financial Statements and Exhibits.
Item9.01 Financial Statements and Exhibits.
(d)Exhibits:
| Exhibit No. | Description of Exhibit |
|---|---|
| 99 | Press Release dated November 15, 2024 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 2 |
| --- |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KonaTel, Inc. | ||
|---|---|---|
| Date:<br> November 15, 2024 | By: | /s/ Michael Bledsoe |
| Michael<br> Bledsoe | ||
| President,<br> Director and Principal Financial Officer |
| 3 |
| --- |
Exhibit99

| FOR<br> IMMEDIATE RELEASE<br><br> <br>November<br> 15, 2024 |
|---|
PCS Edventures! Reports Unaudited Results
For the Second Quarter of Fiscal Year 2025
Boise,Idaho, November 15, 2024 — PCS Edventures!, Inc. (“PCSV”), a leading provider of K-12 Science, Technology, Engineering and Mathematics (“STEM”) education programs, today announced unaudited results of operations for its second quarter of Fiscal Year 2025, which ended on September 30, 2024.
Revenue was $2.27 million compared to $3.77 million in revenue for the same period last year. Net income before income tax provisions was $0.55 million, compared to net income before income tax provisions of $1.81 million for the same period last year. The Company ended the quarter with $4.01 million in cash.
Mike Bledsoe, President, commented, “Last year, we had a record quarter in the second quarter of the fiscal year, due in large part to $2.08 million in orders from two large customers for our Discover Drones product. This year during the second quarter of the fiscal year, we generated $0.45 million in revenue from these two customers. Excluding the revenue from these customers from both periods would show a comparison of $1.69 million in revenue in last year’s second quarter of the fiscal year versus $1.82 million for this fiscal year’s second quarter. We believe that this comparison more accurately reflects the growth we are experiencing as a company, albeit with lumpiness at times like we just experienced.”
Todd Hackett, CEO, stated, “We have been investing significantly to expand our capacity with the expectation of higher sales volumes in the future. We believe that we have many years of growth ahead of us and are positioning the Company to take advantage of our opportunities.”
For more information about PCS Edventures!, Inc., visit our website.
Company financial information and reports can be found at https://www.sec.gov
AboutPCS Edventures!, Inc.
PCS Edventures!, 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, and Math (“STEM”). https://edventures.com/.
Forward-LookingStatements.
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Press Release. This Press Release should be considered in light of the disclosures contained in the filings of PCS and its “forward-looking statements” in such filings that are contained in the United States Securities and Exchange Commission (the “SEC”) Edgar Archives at https://www.sec.gov.
Contact.
Investor Contact: Michael Bledsoe 1.800.429.3110, mikeb@edventures.com
Investor Relations Web Site: https://investors.edventures.com/
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