UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-34941 PARK CITY GROUP, INC. (Exact name of small business issuer as specified in its charter) Nevada 37-1454128 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 5282 South Commerce Drive, Suite D292, Murray, Utah 84107 (Address of principal executive offices) (435) 645-2000 (Registrant's telephone number) Securities registered pursuant to Section 12(b) ...

Park City Group, Inc. (PCYG) Q1 2023 Earnings Conference Call November 14, 2022 4:15 PM ET Company Participants Jeff Stanlis - Vice President, FNK Investor Relations John Merrill - Chief Financial Officer Randy Fields - Chairman & Chief Executive Officer Conference Call Participants Thomas Forte - D.A. Davidson Operator Greetings, and welcome to Park City Group Fiscal First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded today, the 14th of November 2022. ...

Park City Group, Inc (PCYG) Q4 2022 Earnings Conference Call September 28, 2022 4:15 PM ET Company Participants Rob Fink - FNK IR Randy Fields - Chairman and CEO John Merrill - Chief Financial Officer Conference Call Participants Tom Forte - D.A. Davidson Operator Greetings, and welcome to the Park City Group Fiscal Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-K For the fiscal year ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-34941 (Commission file number) PARK CITY GROUP, INC. (Exact name of registrant as specified in its charter) Nevada 37-1454128 State or other jurisdiction of incorporation (IRS Employer Identification No.) ...

Park City Group, Inc. (PCYG) Q3 2022 Results Earnings Conference Call May 16, 2022 4:15 PM ET Company Participants Jeff Stanlis - FNK IR Randy Fields - Chairman and CEO John Merrill - Chief Financial Officer Conference Call Participants Tom Forte - D.A. Davidson Operator Greetings, and welcome to the Park City Group Fiscal Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instruc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number 001-34941 PARK CITY GROUP, INC. 5282 South Commerce Drive, Suite D292, Murray, Utah 84107 (Address of principal executive offices) (435) 645-2000 (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: (Exact name of small business issuer as specified in its charter) Nevada 37-1454128 (State or other jurisdiction of incorporation or organization) (IRS Employer Identifi ...

Park City Group, Inc. (PCYG) Q2 2022 Earnings Conference Call February 14, 2022 4:15 PM ET Company Participants Rob Fink - FNK IR Randy Fields - Chairman and CEO John Merrill - Chief Financial Officer Conference Call Participants Tom Forte - D.A. Davidson Operator Greetings. And welcome to Park City Group Fiscal Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, ...

PART I - FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents unaudited consolidated financial statements, detailing changes in assets, liabilities, revenue, and net income, primarily influenced by reduced MarketPlace transactions Consolidated Condensed Balance Sheet Highlights (Unaudited) | Account | Dec 31, 2021 | June 30, 2021 | Change | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $26,994,453 | $29,701,774 | -9.1% | | Cash | $21,708,693 | $24,070,322 | -9.8% | | **Total Assets** | $50,284,213 | $55,046,883 | -8.7% | | **Total Current Liabilities** | $4,239,079 | $9,300,783 | -54.4% | | Lines of credit | $930,000 | $6,000,000 | -84.5% | | **Total Liabilities** | $4,797,614 | $9,905,997 | -51.6% | | **Total Stockholders' Equity** | $45,486,599 | $45,140,886 | +0.8% | Consolidated Condensed Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended Dec 31, 2021 | Three Months Ended Dec 31, 2020 | YoY Change | Six Months Ended Dec 31, 2021 | Six Months Ended Dec 31, 2020 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $4,353,587 | $5,174,204 | -15.9% | $8,913,264 | $10,399,606 | -14.3% | | **Income from Operations** | $957,569 | $384,585 | +149.0% | $2,124,046 | $1,015,564 | +109.2% | | **Net Income** | $872,068 | $1,622,859 | -46.3% | $1,818,885 | $2,177,685 | -16.5% | | **Diluted EPS** | $0.04 | $0.08 | -50.0% | $0.08 | $0.10 | -20.0% | Consolidated Condensed Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity (Six Months Ended) | Dec 31, 2021 | Dec 31, 2020 | Change | | :--- | :--- | :--- | :--- | | Net cash provided by operating activities | $3,058,954 | $3,756,014 | ($697,060) | | Net cash provided by (used in) investing activities | $1,357,036 | ($103,218) | $1,460,254 | | Net cash used in financing activities | ($6,777,619) | ($103,473) | ($6,674,146) | | **Net increase (decrease) in cash** | **($2,361,629)** | **$3,549,323** | **($5,910,952)** | [Notes to Consolidated Condensed Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) These notes detail the company's SaaS operations, key accounting policies, revenue disaggregation showing a decline in MarketPlace revenue, and equity information including a share repurchase program - The company operates as a **Software-as-a-Service (SaaS)** provider through its subsidiary ReposiTrak, offering three main application suites: MarketPlace, Compliance and Food Safety, and Supply Chain solutions, utilizing a 'hub and spoke' business model[21](index=21&type=chunk)[22](index=22&type=chunk)[25](index=25&type=chunk) Disaggregation of Revenue (Unaudited) | Revenue Type | Three Months Ended Dec 31, 2021 | Three Months Ended Dec 31, 2020 | YoY Change | Six Months Ended Dec 31, 2021 | Six Months Ended Dec 31, 2020 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Recurring – Subscription, Support and Services | $4,300,168 | $4,016,033 | +7.1% | $8,705,612 | $8,018,698 | +8.6% | | Non-Recurring – Services | $30,718 | $124,710 | -75.4% | $81,618 | $257,859 | -68.4% | | Transaction Based – MarketPlace | $22,701 | $1,033,461 | -97.8% | $126,034 | $2,123,049 | -94.1% | | **Total Revenue** | **$4,353,587** | **$5,174,204** | **-15.9%** | **$8,913,264** | **$10,399,606** | **-14.3%** | - The Board of Directors increased the Share Repurchase Program by **$10 million** on August 31, 2021, with approximately **$10.6 million** remaining authorization for future share repurchases as of December 31, 2021[61](index=61&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses revenue declines due to reduced non-recurring MarketPlace sales, offset by recurring subscription growth and improved operational income from lower service costs, alongside an enhanced financial position from debt payoff and a new credit facility [Results of Operations](index=19&type=section&id=Results%20of%20Operations) Revenue decreased for both three and six-month periods due to non-recurring MarketPlace sales, while income from operations significantly increased due to reduced cost of services Comparison of Three Months Ended Dec 31, 2021 vs 2020 | Metric | Q2 FY22 | Q2 FY21 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $4,353,587 | $5,174,204 | -16% | | Cost of services | $817,213 | $2,091,588 | -61% | | Income from operations | $957,569 | $384,585 | +149% | Comparison of Six Months Ended Dec 31, 2021 vs 2020 | Metric | H1 FY22 | H1 FY21 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $8,913,264 | $10,399,606 | -14% | | Cost of services | $1,663,700 | $4,072,545 | -59% | | Income from operations | $2,124,046 | $1,015,564 | +109% | - The decrease in revenue was primarily due to significant **MarketPlace revenue** from sourcing hard-to-find items like Personal Protective Equipment (PPE) during the height of COVID-19 in 2020, which did not recur in 2021, with the company now focusing on growing **recurring subscription revenue** and reducing emphasis on transactional revenue[83](index=83&type=chunk)[84](index=84&type=chunk)[85](index=85&type=chunk) [Financial Position, Liquidity and Capital Resources](index=23&type=section&id=Financial%20Position%2C%20Liquidity%20and%20Capital%20Resources) Cash decreased due to debt payoff, but working capital increased significantly, and a new $10 million revolving credit facility was secured, ensuring sufficient liquidity - Cash and cash equivalents decreased by **$2.4 million** (**10%**) from June 30, 2021, to December 31, 2021, principally due to a **$6 million** payoff of financing arrangements[108](index=108&type=chunk)[109](index=109&type=chunk) - Working capital increased by **$2.4 million** from June 30, 2021, to **$22.8 million** at December 31, 2021, primarily due to a **$5.1 million** (**54%**) decrease in current liabilities, largely from the payoff of the line of credit[113](index=113&type=chunk)[115](index=115&type=chunk) - The company replaced its prior **$6.0 million** credit facility with a new **$10.0 million** revolving line of credit with U.S. Bank, maturing on March 31, 2023[79](index=79&type=chunk)[117](index=117&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk is primarily from immaterial interest rate changes on investments, with no significant foreign currency exchange rate exposure due to domestic operations - The company's main market risk is from interest rate changes affecting its investments in short-term financial instruments, which is considered **immaterial**[133](index=133&type=chunk) - As the business is conducted principally in the United States, financial results are **not materially affected** by foreign currency exchange rates[131](index=131&type=chunk) [Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of December 31, 2021, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of December 31, 2021[136](index=136&type=chunk) - **No material changes** to the company's internal control over financial reporting were identified during the period[136](index=136&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any pending or threatened material legal proceedings that would adversely affect its business or financial condition - There are **no pending or threatened material legal proceedings** against the company[138](index=138&type=chunk) [Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) No new risk factors have been identified beyond those previously disclosed in the Annual Report on Form 10-K for the fiscal year ended June 30, 2021 - **No additional risk factors** have been identified beyond those disclosed in the Annual Report on Form 10-K for the fiscal year ended June 30, 2021[139](index=139&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=28&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - **None reported**[140](index=140&type=chunk) [Exhibits](index=28&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including the Revolving Credit Agreement, officer certifications, and Inline XBRL data files - Key exhibits filed include: - **Revolving Credit Agreement** with U.S. Bank National Association - **Certifications** from the Principal Executive Officer and Principal Financial Officer pursuant to Sarbanes-Oxley Act Sections 302 and 906 - **Inline XBRL documents**[143](index=143&type=chunk)

Park City Group, Inc. (PCYG) Q1 2022 Earnings Conference Call November 15, 2021 4:15 PM ET Company Participants Rob Fink - FNK IR Randy Fields - CEO and Chairman John Merrill - CFO Conference Call Participants Thomas Forte - D.A. Davidson Operator Greetings, and welcome to Park City Group Fiscal First Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of small business issuer as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Nevada 37-1454128 5282 South Commerce Drive, Suite D292, Murray, Utah 84107 (Address of principal executive offices) (435) 645-2000 (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 O ...