Financial Data and Key Metrics Changes - Total revenue for Q3 2020 was $4.63 million, down 7% from $5 million in Q3 2019 [18] - Recurring revenue grew 5% to $4.2 million for Q3 2020, up from $4 million in the same quarter of 2019, increasing its percentage of total revenue from 80% to 90% [18] - Year-to-date total revenue decreased from $16.5 million to $14.3 million, down 14% from the same period in fiscal 2019 [19] - Net income for Q3 2020 was $125,000, or $0.01 per diluted share, compared to $921,000, or $0.05 per diluted share in the year-ago quarter [23] - Total cash as of March 31, 2020, was $17.9 million, down $5.3 million sequentially from $19 million at December 31, 2019 [16] Business Line Data and Key Metrics Changes - Marketplace revenue was up 66% in Q3 2020, primarily due to increased demand for hard-to-find items related to the pandemic [14] - Total operating expenses for Q3 2020 were $4.4 million, an increase of 10% from $4 million in Q3 2019, largely due to higher marketplace costs and increased telecommuting expenses [21] - Deferred revenue decreased by 11% or $213,000 due to delays in implementations and completed contracts [17] Market Data and Key Metrics Changes - The grocery industry faced unique challenges during the pandemic, with supply chain disruptions leading to out-of-stock situations for essential items [29] - The pandemic has highlighted the importance of food safety and compliance, with the company positioned as essential to the grocery supply chain [32] Company Strategy and Development Direction - The company is focused on prioritizing recurring revenue over non-recurring revenue, which has been a consistent strategy [8] - Efforts to strengthen the balance sheet are critical as the company navigates the uncertainties of the pandemic [9] - The company aims to grow its network, although this effort was deprioritized during the pandemic [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future opportunities as customers stabilize their supply chains post-pandemic [10] - The company anticipates that the grocery industry will become more selective in partnerships, emphasizing the need for financial stability [11] - Management believes that the pandemic has reinforced the company's essential role in the grocery supply chain [36] Other Important Information - The company launched the FoodSourceUSA program to assist the Department of Defense in addressing food supply chain imbalances caused by COVID-19 [13] - The stock buyback program was halted on March 17, 2020, due to the pandemic [16][26] Q&A Session Summary Question: Can you clarify the revenue growth this quarter? - Management indicated that recurring revenue is growing, with marketplace revenue also seeing substantial increases, especially in the last few weeks of March [43] Question: What does the outlook for the June quarter look like? - Management expressed confidence in achieving year-over-year revenue growth in the June quarter, driven by recurring revenue and incremental marketplace growth [45][48] Question: How has licensing and services been impacted? - Management noted that the environment has made it easier to convert licensing revenue into recurring revenue as customers conserve cash [50] Question: What opportunities exist for scan-based trading? - Management sees potential for reshaping retailer-supplier relationships post-pandemic, with increased interest in scan-based trading initiatives [54] Question: How is the company positioned regarding online grocery? - Management acknowledged that while online grocery has seen growth, there are significant challenges in inventory accuracy that the company can help address [79] Question: What is the current M&A strategy? - Management is open to M&A opportunities, especially given the financial pressures many companies are facing, but is currently focused on execution [81]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to _________. Commission File Number 001-34941 PARK CITY GROUP, INC. (Exact name of small business issuer as specified in its charter) Nevada 37-1454128 (State ...

Park City Group, Inc. (PCYG) Q2 2020 Earnings Conference Call February 6, 2020 4:15 PM ET Company Participants Rob Fink - Managing Partner, FNK IR Randy Fields - CEO and Chairman John Merrill - CFO Conference Call Participants Tom Forte - D.A. Davidson Ananda Baruah - Loop Capital Operator Greetings and welcome to Park City Group Fiscal Second Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Ins ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to _________. Commission File Number 001-34941 PARK CITY GROUP, INC. (Exact name of small business issuer as specified in its charter) (State or other juris ...

Financial Data and Key Metrics Changes - In Q1 of fiscal 2020, revenue was $4.8 million, down 19% from $5.9 million in the same quarter in 2019, primarily due to a decrease in non-recurring revenue [14] - Recurring revenue grew 4% to $4.1 million, up from $3.9 million in the same quarter of 2019, with total recurring revenue increasing from 66% to 85% of total revenue [14][15] - Net income for Q1 of fiscal 2020 was $32,000 or $0.00 per diluted share, compared to $820,000 or $0.04 per diluted share in the prior year [18] Business Line Data and Key Metrics Changes - Non-recurring revenue was $700,000 in Q1 of fiscal 2020, down from over $2 million in the same quarter last year [16] - Total operating expenses decreased by 5% to $4.7 million, largely due to lower sales and marketing expenses [17] - Customer churn remained below 2%, indicating strong customer retention [15] Market Data and Key Metrics Changes - As of September 30, the company had approximately 340,000 total connections, a 13% increase year-over-year [30] - Tier 2 revenue increased 8% year-over-year for the quarter, with a run rate at the end of the quarter 35% higher than the same point last year [31] Company Strategy and Development Direction - The company is focused on transitioning to a more predictable and profitable recurring revenue model, aiming to increase the percentage of recurring revenue to 80% or more [10][55] - The strategy includes expanding the network of blue-chip customers and enhancing the MarketPlace solution to drive transactional business [10][41] - The company plans to grow its Tier 2 initiative significantly, targeting a 400% increase in Tier 2 hubs by the end of the fiscal year [38][53] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by online retailers like Amazon and emphasized the importance of their out-of-stock management capabilities [44][82] - The management expressed confidence in the company's ability to grow recurring revenue and improve forecasting for Wall Street [55][70] - The company aims to maintain a strong balance sheet while continuing to buy back shares without additional borrowing [56] Other Important Information - Cash flow from operations for Q1 of fiscal 2020 was $713,000, down from $1.6 million in the prior year [19] - The company repurchased 79,955 shares of common stock at an average price of $6.47 per share during the quarter [20] Q&A Session Summary Question: Update on hiring specialists for Tier 2 or MarketPlace - Management confirmed two specialists are focused on Tier 2 conversions, with plans to add more personnel in the future [60][61] Question: Any large license deals in upcoming quarters that could create lumpiness? - Management indicated that there are license deals in the next quarter, but the focus is on avoiding such transactions moving forward [66][67] Question: How are cross-selling efforts performing? - Management reported better-than-expected results, with examples of compliance hubs transitioning to supply chain services [77] Question: Impact of Amazon's free delivery for grocery on the industry - Management highlighted that Amazon's quick delivery poses a significant threat to physical retail, emphasizing the importance of addressing out-of-stock issues [82] Question: What might margins look like when recurring revenue targets are met? - Management stated that the margins for recurring revenue would be similar to those for one-time revenue, with a strong cash flow structure in place [87][88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to _________. Commission File Number 001-34941 PARK CITY GROUP, INC. (Exact name of small business issuer as specified in its charter) (State or other juri ...

Park City Group, Inc. (PCYG) Q4 2019 Results Earnings Conference Call September 12, 2019 4:15 PM ET Company Participants Rob Fink - IR, FNK Randy Fields - Chairman and CEO John Merrill - CFO Conference Call Participants Thomas Forte - D. A. Davidson Operator Greetings, welcome to the Park City Group Fiscal Fourth Quarter and Year End 2019 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Rob Fink with FNK IR. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2019 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [ ] Yes [X] No 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 n ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2019 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to s ...

Revenue Performance - Revenue for the three months ended December 31, 2018, was $5,724,706, a 3% decrease from $5,565,237 in the same period of 2017[77] - Revenue for the six months ended December 31, 2018, was $11,507,231, reflecting a 10% increase from $10,436,871 in the same period of 2017[89] - Management anticipates revenue growth in subsequent periods driven by new customer acquisition and cross-selling existing services[78] Expenses - Cost of services and product support decreased by 11% to $1,270,659 for the three months ended December 31, 2018, compared to $1,426,351 in 2017[79] - Cost of services and product support for the six months ended December 31, 2018, increased by 5% to $2,999,185 from $2,844,364 in 2017[90] - Sales and marketing expenses dropped by 30% to $1,139,855 for the three months ended December 31, 2018, down from $1,621,149 in 2017[81] - Sales and marketing expenses for the six months ended December 31, 2018, decreased by 5% to $3,047,879 compared to $3,207,089 in 2017[91] - General and administrative expenses increased by 16% to $1,326,735 for the three months ended December 31, 2018, compared to $1,140,085 in 2017[83] - General and administrative expenses rose by 9% to $2,470,046 for the six months ended December 31, 2018, up from $2,275,855 in 2017[92] Net Other Income - Net other income for the three months ended December 31, 2018, was $49,150, a significant increase from a net expense of $7,696 in 2017, marking a 739% change[86] - Net other income for the six months ended December 31, 2018 was $73,801, a significant increase of 347% compared to a net other expense of $29,887 for the same period in 2017[95] Cash Flow and Liquidity - Cash and cash equivalents increased by 12% to $16,682,282 as of December 31, 2018, up from $14,892,439 as of June 30, 2018, primarily due to higher cash flows from operations[99] - Net cash provided by operating activities rose by 34% to $1,830,582 for the six months ended December 31, 2018, compared to $1,368,613 in the same period of 2017[100] - Cash used in investing activities decreased by 99% to $3,547 for the six months ended December 31, 2018, down from $288,884 in the prior year, due to reduced fixed asset purchases[101] - Cash used in financing activities decreased by 88% to $37,192 for the six months ended December 31, 2018, compared to $315,227 in the same period of 2017, mainly due to lower dividend payments[102] - The company believes its existing cash and short-term investments are sufficient to fund operations for at least the next twelve months[98] Balance Sheet - Current assets increased by 5% to $25,027,283 as of December 31, 2018, compared to $23,733,461 as of June 30, 2018, driven by a rise in cash[104] - Current liabilities rose by 19% to $9,542,741 as of December 31, 2018, up from $7,989,892 as of June 30, 2018, primarily due to increased amounts drawn on the line of credit[105] - Working capital decreased by $259,027 to $15,484,542 as of December 31, 2018, compared to $15,743,569 at June 30, 2018[103] - Total debt as of December 31, 2018, is $4,954,977, with fixed rate debt at $294,977 (6%) and variable rate debt at $4,660,000 (94%) [121] Investment Portfolio - The fair value of cash in the investment portfolio is $16,682,282, with a weighted average interest rate of 2.21% [121] Internal Controls - The Chief Executive Officer and Chief Financial Officer believe that the company's disclosure controls and procedures are effective as of December 31, 2018 [124] - There have been no changes in the company's internal control over financial reporting that materially affected or are likely to materially affect the company's internal control during the reporting period [124]