Park City Group, Inc. (NASDAQ: PCYG) shares climbed Friday after reporting a Q4 earnings beat.
The Salt Lake City-based, the parent company of ReposiTrak, Inc., a B2B e-commerce, compliance, and supply chain platform that partners with retailers, wholesalers, and their suppliers, to accelerate sales, control risk, and improve supply chain efficiencies, reported revenue accelerated 22% to $6.3 million compared to $5.2 million in the same period last year
Net income ballooned 44% to $1.3 million compared to $883,000 in the same period last year.
According to CEO Randall Fields, "This was a strong finish to a successful year due to the successful launch of MarketPlace and our converged ReposiTrak platform. Our fourth fiscal quarter generated the highest growth of the year driven by strength in all of our businesses.
"MarketPlace generated approximately $1 million in revenue from a single customer, we added three new Tier-1 Compliance Hubs, initiated our Tier-2 Supplier Hub growth strategy, and had our strongest quarter of Supply Chain results ever.
"Also, after the quarter ended we signed the largest Compliance deal in the company’s history with a major industry player, positioning us for continued growth and accelerated earnings in fiscal 2019."
Total revenue increased 16% to $22.0 million for the year ended June 30, 2018, as compared to $18.9 million during the same period a year ago. GAAP net income was $3.4 million, or 15% of revenue, versus $3.8 million in the same period a year ago.
Shares acquired 30 cents, or 3.3%, to $9.40
