Park City Group Reports Financial Results for the Fiscal First Quarter of 2020
Park City Group, Inc. (PCYG)
NASDAQ:AMEX Investor Relations:
ir.parkcitygroup.com
Company Research
Source: Business Wire
ReposiTrak Compliance and Supply Chain Drives Recurring Revenue Company adds Two New MarketPlace Buyers SALT LAKE CITY--(BUSINESS WIRE)--Park City Group, Inc. (NASDAQ: PCYG), the parent company of ReposiTrak, Inc., which operates a B2B ecommerce, compliance, and supply chain platform that partners with retailers, wholesalers, and their suppliers, to accelerate sales, control risk, and improve supply chain efficiencies, announced financial results for the first fiscal quarter ended September 30, 2019.First Quarter Financial and Recent Business Highlights: Operating cash flow of $713,000. Cash totaled $18.3 millionTotal revenue increased 3% sequentially and decreased 19% year-over-year due to lower non-recurring revenueRecurring revenue increased 4% and reached 85% of total revenueOperating expense declined 5% year-over-yearNet income of $178,000Compliance facility connections reached 90,744, up 47% year-over-yearTotal Tier 2 connections increased 184% year-over-year and up 48% sequ
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