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Stock impact report

Park City Group Reports Financial Results for the Fiscal Second Quarter of 2020

Park City Group, Inc. (PCYG) 
NASDAQ:AMEX Investor Relations: ir.parkcitygroup.com
Company Research Source: Business Wire
Recurring Revenue Increases to 84% of Total Revenue and Tier 2 Hubs Grow 88% Since JuneCash from Operations Increases 46% 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 second fiscal quarter ended December 31, 2019.Second Quarter Financial and Recent Business Highlights: Total revenue decreased 13% year-over-year due to lower one-time revenue.Recurring revenue increased 3% comparatively, constituting 83% of total revenue.Operating expense increased 8% year-over-year due to higher MarketPlace costs.Net income of $663,000.EPS $0.03 vs. $0.08 in the prior year second quarter.Fiscal year-to-date operating cash flow grew 46% to $2.7 million. Cash totaled $19 million.Repurchased 174,615 Show less Read more
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