|Over a week ago|
Park City Group expands share repurchase program to $6M » 08:5705/1805/18/21
Park City Group announced…
Park City Group announced that its board of directors has approved the repurchase of up to $6M of the company's common stock, increasing the buyback from $4M to $6M. To date, the company has repurchased approximately $3M on the original $4M repurchase authorization.
|Over a month ago|
Park City Group reports Q3 EPS 3c, two estimates 3c » 16:1305/1705/17/21
Reports Q3 revenue $6.0M,…
Reports Q3 revenue $6.0M, two estimates $5.2M. CEO Randall Fields commented, "Our strong performance in the quarter reflects 30% top line and 184% net income growth, demonstrating the inherent leverage of our business model. MarketPlace revenue soared as customers utilized this unique solution to find hard-to-source items amidst the pandemic. But even as our revenue mix resulted in more transactional, lower-margin MarketPlace revenue this quarter, our bottom-line conversion still grew exponentially demonstrating the strong leverage inherent in our business model. As the pandemic begins to abate and MarketPlace revenue moderates, we expect our mix to shift in favor of our traditional SaaS solutions where budgets are beginning to loosen, likely resulting in slower top-line growth but increased profitability."
|Over a quarter ago|
Park City Group reports Q1 EPS 2c, two estimates 1c » 08:3911/1611/16/20
Reports Q1 revenue…
Reports Q1 revenue $5.23M, two estimates $4.98M. The company had $21.2M in cash and cash equivalents at September 30, compared to $20.3M at June 30. Randall Fields, chairman and CEO of Park City Group commented, "We grew revenue in both our SaaS offerings which includes supply chain and compliance, and delivered double-digit growth in MarketPlace as customers continue to utilize our platform for safely sourcing hard-to-find items. The result was a 9% consolidated revenue growth, which is noteworthy considering the pandemic business environment. We achieved these results while simultaneously decreasing selling, general, and administrative expenses by more than $270,000 compared to last year."
Park City Group reports Q4 EPS 2c, consensus 0c » 08:0809/2809/28/20
Reports Q4 revenue $5.8M,…
Reports Q4 revenue $5.8M, consensus $. Randall K. Fields, Chairman and CEO of Park City Group commented, "Our stated goal for this year was to reduce our reliance on non-recurring license revenue and increase our recurring SaaS revenue, giving us greater visibility and predictability into our business. We anticipated this transition would take approximately two years, as certain customers continued to insist on buying rather than renting. However, we were able to effectively complete this transition in a single year. As a result, our recurring revenue has grown on a 11.4% CAGR over the past three years, and in the current year, it grew 13%. Our recurring revenue now exceeds our fixed non-MarketPlace costs. With the strongest balance sheet in our company's history, and a growing base of recurring revenue, we are prudently positioned for success as the economy continues to improve from pandemic-related challenges."