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Park City Group Reports 7% Increase in Revenue, Net Income More than Doubles, Cash of $23.9 Million for Fiscal Second Quarter 2021

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Go back to Park City Group Reports 7% Increase in Revenue, Net Income More than Doubles, Cash of $23.9 Million for Fiscal Second Quarter 2021

Park City Group (PCYG) Tops Q2 EPS by 6c, Revenues Miss

February 16, 2021 4:52 PM EST

Park City Group (NASDAQ: PCYG) reported Q2 EPS of $0.08, $0.06 better than the analyst estimate of $0.02. Revenue for the quarter came in at $5.17 million versus the consensus estimate of $5.29 million.

Second Quarter Financial and Recent Business Highlights:

Total revenue increased to $5.2 million from $4.8 million, a 7% year-over-year increase resulting from higher MarketPlace revenue and recurring SaaS revenue. Fiscal 2020 revenue included $410,000 of one-time revenue that did not reoccur in fiscal 2021.GAAP net income of $1.6 million... More