Financial Performance - Total revenue for Q1 fiscal 2026 increased by 10% to $6.0 million, up from $5.4 million in the prior year[5] - GAAP net income rose by 9% to $1.8 million, compared to $1.7 million in Q1 fiscal 2025[5] - Earnings per share (EPS) increased by 13% to $0.09 per diluted share, up from $0.08 in the same quarter last year[5] - Operating income for the quarter increased by 28% to $1.9 million from $1.5 million year-over-year[6] - Net income for the three months ended September 30, 2025, was $1,819,529, an increase of 9.2% compared to $1,665,155 in the same period of 2024[19] Revenue Composition - Recurring revenue accounted for approximately 99% of total revenue[6] Cash Flow and Liquidity - The company ended the quarter with $28.8 million in cash and no bank debt[10] - The company generated $1.5 million in cash from operations during the quarter[6] - Cash and cash equivalents at the end of the period increased to $28,794,806, up from $25,790,206, representing a growth of 7.8%[19] - Net cash provided by operating activities decreased to $1,538,447 from $1,868,900, reflecting a decline of 17.6% year-over-year[19] Shareholder Returns - A quarterly dividend of $0.02 per share was declared, representing a 10% increase since the last dividend[6] - Common stock buyback amounted to $149,985, indicating a commitment to returning value to shareholders[19] - Dividends paid decreased slightly to $402,917 from $422,954, a reduction of 4.7% year-over-year[19] - The company has approximately $7.8 million remaining of the $21 million total common share buyback authorization[8] Expenses and Liabilities - Cash paid for income taxes rose significantly to $536,561, compared to $312,098, marking an increase of 71.5%[19] - Bad debt expense increased to $225,000, up from $150,000, reflecting a rise of 50%[19] - Accounts receivables decreased by $245,439, compared to a decrease of $259,388 in the previous year[19] Financing Activities - The company reported a net cash used in financing activities of $1,292,087, slightly higher than $1,266,642 in the prior year[19] - The company recognized a non-cash common stock issuance to pay accrued liabilities amounting to $100,000, compared to $69,985 in the previous year[19] Share Redemption - The company redeemed 70,093 preferred shares for a total of $749,995 during the quarter[7]
Park City Group, Inc.(PCYG) - 2026 Q1 - Quarterly Results