PCS Edventures! Stock

PCS Edventures!, Inc. engages in creating K12 STEM (Science, Technology, Engineering, and Math) or STEAM (Science, Technology, Engineering, Arts, and Math) education products and curriculum.

On February 18, 2016, the company announced the completion of an asset purchase of Thrust-UAV, a privately held company focused on drone technology. The company, through its acquisition of Thrust-UAV, developed educational drones and drone curriculum.

The company's customers include schools and school districts from the collegiate to kindergarten level, and providers of out-of-school programming, which include after-school programs, military education programs, home-schooling programs, summer programs, and corporate outreach programs. The company sells predominately in the United States and sells into nearly every state in the nation.

The company's products facilitate STEM education by providing engaging activities that demonstrate STEM concepts and inspire further STEM studies, with the intention of ultimately leading students to pursue STEM career pathways.

PCS' educational products are developed from both in-house efforts and contracted services. They are marketed through reseller channels, direct sales efforts, partner networks, and web-based channels.

Products

PCS has developed and sells a variety of STEM education products into the K12 market, which can be categorized as follows:

Enrichment Programs: These camps are for the informal learning market and are designed to be highly engaging for students while easily administered by the instructor. The company offers approximately 30 different enrichment programs and typically develops at least two new programs each year. Some of the more popular programs include Ready, Set, Drone!; Traveling Artist; Unleash Your Wild Side, Build a Better World; Claymation; Oceanic Exploration; Pirate; and Flight and Aerodynamics.

Discover Series Products: These products are designed for the makerspace environment and include engaging STEM activities that motivate students to pursue educational pathways toward STEM careers. The Discover Series includes Discover Engineering; Discover Robotics and Physics; Discover Robotics and Programming; and Discover STEM.

BrickLAB Products: These products are designed for the grade school market and use the company's proprietary bricks (which are Lego compatible) and curriculum to engage students to explore, imagine, and create within a STEM education framework. The company offers a variety of grade-specific BrickLAB products.

Discover Drones, Add-on Drone Packages and Ala Carte Drone Items: These products are designed around using drones as a platform for STEM education and career exploration. These titles include the Discover Drones series of Products; Discover Drones Indoor Coding Bundle; Discover Drones Indoor Racing Add-On; Discover Drones Outdoor Practice Add-on; and all the spare parts and ala carte drone items offered in the company's comprehensive drone packages.

STEAMventures BUILD Activity Book: These series of activity books are designed for the K-3 market and ideal for a distance-learning environment. The series includes twelve different issues. Instructor guides and/or family engagement guides are included. The company also provides the necessary bricks for the builds in the activity books as a separate, but related product.

Professional Development Training: The company offers professional development trainings, for a fee, to educators who are implementing its products in their classroom.

The company intends to continue developing STEM education products that address demand from large markets.

Seasonality

The company's business is subjected to strong seasonal patterns during any given year, with its busiest period coinciding with summer learning and the planning leading up to providing summer programs (January through July). The period between Thanksgiving and the New Year is the company's slowest time, coinciding with the holiday season, as most schools observe the holidays with significant time off during this period (year ended March 31, 2023).

Distribution Methods of Products

The company sells its products directly to customers and through resellers. The company kits all of its products at its Boise, Idaho facility and ships the products directly to customers. Resellers do not inventory the company's products and the company 'drop ships' its products directly to the resellers' customers. Trainings and Professional Development sessions are conducted either at the company's facilities or at the customer's location depending on the desires of the customer. Customers can buy from its website, from a reseller's website, or by presenting it with a valid purchase order.

Suppliers

The company's most used vendors include Mida's Global, Fischertechnik, Amazon, ASI, Flash Hobby Technology, and FPVElite.

Customers

The company has two major customers who accounted for 45% of sales in the year ended March 31, 2023 (Fiscal Year 2023). One of these customers was a new contract from the Air Force JROTC program and represented 38% of the company's revenue in Fiscal Year 2023.

Competition

The company competes directly with Lego, DJI, Fischertechnik, K'Nex, and Vex IQ among many others. The company also competes against non-profit organizations, such as Project Lead The Way.

History

PCS Edventures!, Inc. was incorporated in 1994 in the state of Idaho.