Overview Park City Group, Inc.
(the Company ) is a Software-as-a-Service ( SaaS ) provider that brings unique visibility
to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects
it. Our service increases our customers sales and profitability while making lower inventory levels possible
for both retailers and their suppliers. The Company
is incorporated in the state of Nevada. The Companys 98.76% and 100% owned subsidiaries, Park City Group, Inc.
and Prescient Applied Intelligence, Inc. ( Prescient ), respectively, are incorporated in the state of Delaware.
All intercompany transactions and balances have been eliminated in consolidation. The Company
designs, develops, markets and supports proprietary software products. These products are designed for use in businesses having
multiple locations to assist in the management of business operations on a daily basis and communicate results of operations in
a timely manner. In addition, the Company has built a consulting practice for business process improvement that centers
around the Companys proprietary software products and through establishment of a neutral and trusted third
party relationship between retailers and suppliers. The principal markets for the Company's products are multi-store retail and
convenience store chains, branded food manufacturers, suppliers and distributors, and manufacturing companies, which have operations
in North America, Europe, Asia and the Pacific Rim. The Company
has also established a partnership with Levitt Partners, an internationally known health care and food safety-consulting
firm, to form ReposiTrak, Inc., formerly Global Supply Chain Systems, Inc. ( ReposiTrak ), which provides a
targeted solution for improving supply chain visibility for food and drug safety. The solution,
ResposiTrak TM, is powered by the Companys technology and was developed in response to the passage of the
Food Safety and Modernization Act in January of 2011. ResposiTrak TM enables grocery, supermarkets, packaged
goods manufacturers, food processing facilities, drug stores and drug manufacturers, as well as logistics partners, to track
and trace products and components to products throughout the food, drug and dietary supplement supply chains. In the event of
a product recall, the solution quickly identifies the supply chain path taken by the recalled product or product component,
and allows for the removal of affected products in a matter of minutes, rather than weeks. Additionally,
ResposiTrak TM reduces risk of further contamination in the supply chain by identifying backward chaining sources
and forward chaining recipients of affected products in near real time. On August 8, 2012, the Company announced that
ReposiTrak had begun the first two implementations of ResposiTrak TM at a global grocery retailer and a major
grocery wholesaler. We market our
products to businesses primarily on a subscription basis. However, we also deliver our products on a license basis. Our
efforts are focused on a direct sales model and indirectly through qualified partners and service providers. The
principal executive offices of the Company are located at 3160 Pinebrook Road, Park City, Utah 84098. The telephone
number is (435) 645-2000. The website address is http://www.parkcitygroup.com. Recent Developments On
September 4, 2012, the Company announced that its Board of Directors had approved a share repurchase program (the " Repurchase Program") of up to $2.0 million of the Company's common stock over the next two years, or such other date, which ever
is earlier, when the Repurchase Program is revoked or varied by the Board of Directors. The Repurchase Program does not obligate
the Company to acquire any particular number of shares of common stock, and is contingent on the redemption by the Company of its
Series A Convertible Preferred Stock. The Repurchase Program may be suspended, modi
Free historical financial statements for Park City Group Inc.
See how revenue, income, cash flow, and balance sheet financials have changed over 52 quarters since 2011. Compare with PCYG stock chart to see long term trends.
Data imported from Park City Group Inc SEC filings. Check original filings before making any investment decision.