Welcome to our dedicated page for Park City Group New news (Ticker: PCYG), a resource for investors and traders seeking the latest updates and insights on Park City Group New stock.
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.
The Food Traceability Leadership Consortium (FTLC) has announced three key guidelines to tackle the FDA's traceability regulations under the Food Safety Modernization Act (FSMA). The guidelines emphasize solutions that minimize costs without impacting consumer prices, ensure ease of adoption and verification, and comply with FDA regulations. ReposiTrak, an industry leader in supply chain compliance, is partnering with the FTLC to address challenges in last-leg supply chain traceability. The consortium encourages participation from retailers and suppliers to enhance industry compliance and operational efficiency.
Park City Group (NASDAQ: PCYG) announced a stock repurchase increase from $4 million to $6 million. Approximately $3 million has already been repurchased under the original program. This move allows flexibility as shares may be repurchased on the open market or through private transactions, within a two-year authorization period. The decision follows the company's recent Fiscal Third Quarter 2021 Earnings report, emphasizing a commitment to enhancing shareholder value.
Park City Group (NASDAQ: PCYG) announced its third-quarter financial results for the period ended March 31, 2021. The company reported a 30% increase in total revenue, reaching $6.0 million, primarily driven by growth in MarketPlace and recurring SaaS revenues, which rose by 13% to $4.5 million. GAAP net income surged 184% to $773,000, with earnings per share at $0.03, compared to $0.01 in the prior year. As of March 31, 2021, cash and cash equivalents stood at $23.2 million, up from $17.9 million the previous year.
Park City Group, Inc. (NASDAQ: PCYG) will release its fiscal 2021 third quarter earnings results on May 17, 2021, after the market closes. A conference call hosted by Chairman and CEO Randall K. Fields will take place at 4:15 PM ET to discuss the results, accessible via the company's investor relations website. Participant dial-in numbers are provided for the call, with both toll-free and international options available. A replay of the call will be accessible from later on the 17th until June 17, 2021, with pin access required.
ReposiTrak is forming the Food Traceability Leadership Consortium (FTLC) to enhance food tracing technology for retailers and suppliers. The consortium aims to create efficient solutions to meet the FDA's Food Traceability requirements under the Food Safety Modernization Act (FSMA), which may impact the industry within two years. Members will collaborate to deploy practical technology for tracking food shipments while avoiding costs associated with cumbersome labeling. ReposiTrak's platform supports extensive supply chain data flows, ensuring compliance and operational efficiency.
ReposiTrak Inc. has expanded its compliance solutions by introducing automated Certificate of Analysis (COA) functionality. This innovation streamlines the collection, tracking, and validation of COAs, which confirm that product batches meet quality standards set by regulatory authorities. By utilizing Optical Character Recognition (OCR) software, ReposiTrak enhances transparency and reduces workload for manufacturers and distributors in managing inbound shipments. The solution is part of a unified cloud-based platform that supports compliance efforts for over 100,000 retail trading partners.
Park City Group (NASDAQ: PCYG) announced a 7% year-over-year revenue increase for Q2 2020, reaching $5.2 million, driven by higher MarketPlace revenue and SaaS growth. GAAP net income rose to $1.6 million, including a $1.1 million debt forgiveness and a $72,000 unrealized investment gain. EPS improved to $0.08 from $0.03. The company is introducing two new offerings: a grant reconciliation solution for FEMA procurement and a Quality Management Solution, which are expected to generate additional revenue. Total cash holdings increased to $23.9 million from $19.0 million year-over-year.
Park City Group, Inc. (NASDAQ: PCYG) will announce its fiscal 2021 Q2 earnings results on February 16, 2021, after market close. Chairman and CEO Randall K. Fields will host a conference call at 4:15 PM ET to discuss the results, with a webcast available on the company’s website. Investors can join the call using the provided dial-in numbers. The earnings release is expected to provide insights into the company’s performance, particularly regarding its B2B e-commerce and supply chain platform, ReposiTrak, which aims to enhance sales and risk management for its partners.
Park City Group (PCG) has launched a new platform aimed at enhancing sourcing, distribution, inventory control, and grant management for emergency management supplies, particularly PPE. Built on the existing ReposiTrak platform, this solution addresses the issues faced by agencies during the COVID-19 pandemic, streamlining processes and automating grant tracking. Additionally, PCG's new PPE MarketPlace assists organizations in finding reliable PPE suppliers. A recent successful trial with multi-state emergency management agencies highlighted efficiency improvements and labor cost reductions.
Park City Group (NASDAQ: PCYG) has introduced an omnichannel perpetual inventory system through its subsidiary ReposiTrak. This system addresses the significant challenge retailers face regarding visibility in store-level inventories, particularly for direct store delivery (DSD) products. The lack of visibility has resulted in high out-of-stock levels, affecting customer satisfaction. ReposiTrak's solution has reportedly led to sales increases over 50% for its clients by ensuring product availability both online and in-store, offering a critical tool for retailers aiming to enhance their e-commerce strategies.
FAQ
What does Park City Group, Inc. do?
What is ReposiTrak?
How does ReposiTrak help retailers?
What are some features of the ReposiTrak platform?
Where can I find more information about Park City Group?
Is Park City Group financially stable?
What recent achievements has Park City Group made?
How does Park City Group support the retail environment?
What is the trading symbol for Park City Group, Inc.?
