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Park City Group, Inc. (NASDAQ: PCYG) is a leading software-as-a-service (SaaS) provider focusing on enhancing visibility and managing the consumer goods supply chain. The company's platform ensures products are available precisely when and where consumers need them, significantly optimizing the supply chain process.
ReposiTrak®, a wholly-owned subsidiary of Park City Group, partners with retailers to accelerate sales, manage risks, and reduce supply chain costs. Through its cloud-based marketplace, ReposiTrak allows retailers to efficiently search, vet, onboard, and order from a wide range of suppliers to enhance local inventory and source popular products. The platform provides crucial risk mitigation via compliance management automation and advanced commerce solutions, including scan-based trading and automated ordering. This integrated solution empowers retailers to compete with speed and precision in today’s dynamic retail environment.
Recent developments highlight Park City Group's focus on innovation and customer-centric solutions. The company continuously works on enhancing its software capabilities to meet the evolving needs of the retail sector. Financially, Park City Group remains robust, leveraging its strong market position to foster growth and deliver value to its shareholders.
For more detailed information, visit www.repositrak.com.
Park City Group, Inc. (NASDAQ: PCYG) reported a 136% increase in fourth-quarter operating income to $1.1 million, while total revenue dropped 21% to $4.6 million due to the elimination of non-recurring revenue.
Recurring revenue grew 8% to $4.6 million, and GAAP net income surged 128% to $1.1 million. The Board declared a quarterly cash dividend of $0.015 per share, representing a 1.06% annual yield. The company maintains $21.5 million in cash and has repurchased $6.2 million worth of shares this year, highlighting its commitment to shareholder returns amidst a focus on recurring revenue and profitability.
Park City Group, Inc. (NASDAQ: PCYG) will release its fiscal 2022 Q4 earnings after market close on September 28, 2022. CEO Randall K. Fields will host a conference call at 4:15 p.m. ET to discuss the results, which will also be webcast via the company’s investor relations page. The company focuses on enhancing supply chain efficiencies through its subsidiary, ReposiTrak, which offers B2B e-commerce and compliance solutions. For more details, visit www.parkcitygroup.com.
The National Grocers Association (NGA) has partnered with ReposiTrak to enhance food safety compliance for independent supermarkets as the Food Safety Modernization Act's Section 204 is set to impose new regulations this November. The partnership aims to provide educational resources and support for traceability and supplier compliance, crucial for maintaining consumer trust. ReposiTrak will offer exclusive compliance services to NGA members, helping them adapt to the impending changes in record-keeping requirements. This strategic collaboration is positioned to improve food safety and transparency across the grocery supply chain.
Southeastern Grocers Inc. (SEG) is partnering with ReposiTrak to enhance purchasing from diverse and underrepresented suppliers through the ReposiTrak MarketPlace. This automated solution enables suppliers to showcase unique products without costs, streamlining the procurement process for SEG's grocery brands, including Fresco y Más and Winn-Dixie. SEG aims to improve product offerings to meet customer preferences while fostering a culture of inclusion.
ReposiTrak provides a comprehensive solution suite to enhance compliance, operational controls, and sales for retailers and suppliers.
Park City Group, Inc. (NASDAQ: PCYG) reported a 64% increase in operating income for the third fiscal quarter ending March 31, 2022, with recurring revenue up 7.3% to $4.6 million. Total revenue fell 24% due to the elimination of non-recurring revenue. GAAP net income rose 41% to $1.1 million, while EPS increased 55% to $0.05. The company is poised to meet upcoming FDA traceability mandates, enhancing its position in the industry. Share repurchases totaled $3.74 million in the quarter, with $21.3 million in cash on hand.
Park City Group, Inc. (NASDAQ: PCYG) will announce its fiscal 2022 third quarter earnings after the market closes on May 16, 2022. CEO Randall K. Fields will host a conference call at 4:15 p.m. ET to discuss the results, which will also be webcast. Interested participants can join by calling the toll-free number 1-877-407-9716 or through the international line. Replay options will be available after the call. The company, through its subsidiary ReposiTrak, focuses on B2B e-commerce, compliance, and supply chain efficiency.
Hempler Foods Group, a processor of high-quality bacon and sausage, is automating supplier compliance using ReposiTrak's Compliance Management Solution. This solution ensures suppliers meet specifications mandated by SQF and USDA. The platform improves communication and documentation management, reducing risks and enhancing operational controls. ReposiTrak's technology enables real-time compliance tracking and supplier notifications for missing documents, facilitating a safer supply chain. Hempler joins a network of over 110,000 facilities for better product transparency.
Stater Bros. Markets has successfully implemented ReposiTrak's technology to minimize out-of-stocks, particularly in direct store delivery categories. After a year, the supermarket chain is expanding this program to include additional suppliers. Executive Vice President Dennis McIntyre emphasized the commitment to customer satisfaction through product availability. The partnership with ReposiTrak aims to enhance operational efficiency and customer experience across Stater Bros.' 170 stores in Southern California.
Park City Group, Inc. (NASDAQ: PCYG) announced its second quarter financial results for fiscal 2022, showing a 16% decrease in total revenue to $4.4 million from the previous year, largely due to the planned elimination of non-recurring revenue. Despite this, recurring SaaS revenue surged to 99% of total revenue, a significant increase from 78%. Operating income rose 148% to $958,000, while GAAP net income fell 46% to $872,000 due to a prior year's PPP loan forgiveness gain. The company continues to prioritize profitability amidst ongoing efforts towards FDA compliance solutions.
PreGel America has partnered with ReposiTrak to enhance compliance management by automating supplier documentation processes. This new solution aims to streamline supplier onboarding and reduce the risk of outdated credentials. By utilizing advanced technologies such as Optical Character Recognition (OCR) and Artificial Intelligence (AI), ReposiTrak will assist in effective document management for PreGel America, which specializes in semi-finished dessert ingredients. This partnership connects them to a vast compliance network, promoting safety and transparency in the supply chain.
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