Park City Group Inc: Results disappoint, stock falls 14%

Repositrak

12/09/2019 22:33

** Commerce and supply chain platform provider's shares
 PCYG.O  down 14.4% at $6.55 after market; stock on track to
break three-day winning streak at the open on Friday
    ** Q4 operating revenue falls 26% to $4.7 mln, net income
plummets 86% to $182,303, hurt by lower non-recurring sales from
licenses, associated professional services and its MarketPlace
supplier discovery platform  urn:newsml:reuters.com:*:nBw8gPjKBa
    ** CEO Randall Fields says co's focus for fiscal 2020 is to
grow the percentage of recurring revenues
    ** Up to Thursday's close, stock rose ~28% YTD

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))