Park City Group Reports 7% Increase in Revenue, Net Income More than Doubles, Cash of $23.9 Million for Fiscal Second Quarter 2021
Summary
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, improve supply chain efficiencies, and source hard-to-find items, today announced financial results for the second fiscal quarter ended December 31, 2020. Randall K. Fields, Chairman and CEO of Park City Group commented, “We continue to experience increased interest and higher levels of buying and selling activity across MarketPlace beyond our traditional base of food retailers who utilize our concierge and automated platform to secure hard-to-source supplies. With this, we can leverage our profitable business model to generate steady bottom-line growth, even if transactional revenues for hard-to-source items fluctuate from quarter to quarter.” “In parallel, we are beginning to rollout two added offerings to our platform, which are expected to contribute to revenue as the year progresses,” continued Mr. Fields. Park City has signed up a U.S. state to pilot this offering, and we anticipate incremental revenue from this solution in this year. Specific disclosure relating to Park City Group, including managements analysis of results from operations and financial condition, are contained in the Companys annual report on Form 10-K for the fiscal year ended June 30, 2020 and other reports filed with the Securities and Exchange Commission.
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