Park City Group, Inc. (PCYG) Bundle
A Brief History of Park City Group, Inc. (PCYG)
Founding and Early Years
Founding and Early Years
Park City Group, Inc. (PCYG) was founded in 2000, primarily focusing on providing technology solutions for supply chain management. The company initially aimed to enhance efficiency in grocery and retail supply chains.
Initial Public Offering
In June 2007, PCYG went public on the OTC Bulletin Board, thereby increasing its capital for further growth and development. The initial offering price was set at $0.15 per share.
Acquisition Strategy
Throughout its history, Park City Group has leveraged an acquisition strategy to bolster its technology offerings and expand its market presence. In 2016, the company acquired FreshXperts, a leading provider of software solutions for food supply chains, for approximately $2.5 million.
Financial Performance
As of the fiscal year ending June 30, 2022, Park City Group reported:
| Year | Revenue ($ in millions) | Net Income ($ in millions) | Total Assets ($ in millions) | Total Liabilities ($ in millions) |
|---|---|---|---|---|
| 2020 | 3.20 | 0.50 | 9.10 | 1.60 |
| 2021 | 4.40 | 0.75 | 10.50 | 1.70 |
| 2022 | 5.70 | 1.00 | 12.00 | 2.00 |
Technological Innovations
PCYG has continually invested in technology innovations, with a focus on cloud-based solutions. The introduction of its SmartStore platform in 2018 exemplifies this, aimed at providing retailers with data analytics capabilities.
Recent Developments
In 2023, the company announced a strategic partnership with a prominent grocery chain, enhancing the integration of its supply chain technology. This partnership is projected to increase revenues by an estimated $1.5 million annually.
Stock Performance
As of October 2023, PCYG's stock price hovered around $3.25, showing an increase of approximately 30% year-to-date. The market capitalization was approximately $50 million.
Future Outlook
Analysts project a compound annual growth rate (CAGR) of 15% for PCYG over the next five years, driven by increased demand for supply chain optimization solutions, especially in the post-pandemic landscape.
A Who Owns Park City Group, Inc. (PCYG)
Current Ownership Structure
Current Ownership Structure
As of the latest available data, Park City Group, Inc. (PCYG) has a diverse ownership structure that includes institutional investors and individual shareholders. The major shareholders are as follows:
| Shareholder Type | Percentage Ownership | Number of Shares Held |
|---|---|---|
| Institutional Investors | 41.5% | 3,250,000 |
| Insider Ownership | 15.3% | 1,190,000 |
| Retail Investors | 43.2% | 3,340,000 |
Major Institutional Shareholders
The following table details the largest institutional shareholders of Park City Group, Inc. along with their respective shareholdings:
| Institution | Shares Held | Percentage of Shares |
|---|---|---|
| BlackRock, Inc. | 1,050,000 | 13.2% |
| Vanguard Group, Inc. | 850,000 | 10.6% |
| Charles Schwab Investment Management, Inc. | 700,000 | 8.8% |
| State Street Corporation | 650,000 | 8.2% |
Insider Ownership Details
The insider ownership of Park City Group, Inc. adds another layer of interest. Below are the key insiders and their respective stakes:
| Name | Position | Securities Owned |
|---|---|---|
| Randy Carr | CEO | 500,000 |
| Mark L. Davis | Chairman | 350,000 |
| Jennifer McCarthy | CFO | 340,000 |
Market Capitalization
The market capitalization of Park City Group, Inc. (PCYG) as of October 2023 is approximately $25 million.
Stock Performance
The following table provides an overview of the stock performance metrics for PCYG:
| Metric | Value |
|---|---|
| Current Stock Price | $2.00 |
| 52 Week High | $2.50 |
| 52 Week Low | $1.80 |
| P/E Ratio | 20.5 |
Recent Financial Performance
The recent financial results for Park City Group, Inc. include:
| Metric | FY 2022 | FY 2023 |
|---|---|---|
| Revenue | $12 million | $15 million |
| Net Income | $1.5 million | $2 million |
| EBITDA | $3 million | $4 million |
Shareholder Proposals
In the most recent annual meeting, several key shareholder proposals were put forth. Outlined below are the proposals:
- Increase transparency in executive compensation
- Implement regular sustainability reporting
- Enhance shareholder communication practices
Park City Group, Inc. (PCYG) Mission Statement
Overview of Mission Statement
The mission of Park City Group, Inc. is to deliver software solutions that enhance supply chain efficiency and improve the overall performance of their clients. Their commitment lies in leveraging technology to optimize operations and deliver actionable insights.
Core Values
- Innovation: Emphasizing advanced technology and innovative solutions.
- Customer Focus: Prioritizing customer needs and satisfaction.
- Integrity: Upholding ethical standards in all business practices.
- Collaboration: Working together with partners and clients to achieve common goals.
Strategic Objectives
PCYG aims to achieve several strategic objectives as part of their mission:
- Enhance data analytics capabilities
- Improve supply chain visibility
- Increase operational efficiency for clients
- Expand market reach in the SaaS sector
Market Position and Financial Performance
As of the fiscal year ending June 30, 2023, Park City Group reported the following key financial metrics:
| Metric | Amount (in USD) |
|---|---|
| Revenue | $8.52 million |
| Net Income | $1.25 million |
| Gross Profit | $6.75 million |
| Operating Income | $1.62 million |
| Total Assets | $10.3 million |
Technology and Innovation
PCYG specializes in cloud-based software solutions that integrate seamlessly with existing supply chain processes. Their technological advancements include:
- Real-time data tracking
- Predictive analytics tools
- Advanced machine learning algorithms
Client Segments
Park City Group serves a diverse range of industries, including:
- Food and Beverage
- Consumer Packaged Goods
- Retail
- Healthcare
Recent Developments
In the latest quarter, PCYG has increased its customer base by 15%, adding notable clients in the healthcare and retail sectors.
Commitment to Sustainability
PCYG promotes sustainable practices and aims to reduce the environmental impact of supply chains through optimized logistics and waste reduction strategies.
How Park City Group, Inc. (PCYG) Works
Business Model
Park City Group, Inc. operates primarily through its SaaS (Software as a Service) platform, which focuses on supply chain management and data analytics for the consumer packaged goods (CPG) industry. The company provides solutions that facilitate real-time visibility and insights to enhance inventory management, demand forecasting, and collaboration among supply chain partners.
Key Products and Services
Park City Group offers several products that cater to various aspects of supply chain management:
- SmartTemperature: A monitoring solution to maintain optimal conditions during the storage and transportation of temperature-sensitive products.
- Replenishment Management: Tools designed to optimize inventory levels and enhance order accuracy.
- Data Management: Services that aggregate and analyze data from different sources to provide actionable insights.
Financial Performance
The financial performance of Park City Group is reflected in its recent fiscal results, highlighting revenue growth and profitability metrics:
| Fiscal Year | Revenue ($M) | Net Income ($M) | Earnings Per Share ($) | Total Assets ($M) |
|---|---|---|---|---|
| 2021 | 6.5 | 0.4 | 0.02 | 15.2 |
| 2022 | 7.1 | 0.6 | 0.03 | 16.1 |
| 2023 | 8.0 | 0.8 | 0.04 | 17.5 |
Market Position and Competition
Park City Group positions itself in the highly competitive supply chain solutions market. The company competes with others in the space, such as:
- Oracle: A leading provider of integrated cloud applications.
- SAP: Offers comprehensive supply chain management solutions.
- Blue Yonder: Focused on digital supply chain transformation.
Recent Developments
In 2023, Park City Group announced several strategic initiatives to enhance its service offerings and expand its market reach:
- Partnerships: New partnerships with logistics companies to improve transportation management features.
- Product Enhancements: Upgrades to the SmartTemperature product line, increasing functionality and user experience.
- Market Expansion: Entry into new geographic markets, including Europe and Asia.
Customer Base
Park City Group serves a diverse clientele in the CPG sector, which includes:
- Food and Beverage: Companies that require stringent supply chain management for perishables.
- Health & Beauty: Brands needing constant inventory turnover and accurate demand forecasting.
- Household Products: Businesses that benefit from enhanced visibility into supply chain operations.
Stock Performance
As of October 2023, Park City Group's stock performance has shown significant changes:
| Date | Stock Price ($) | Market Cap ($M) | 52-week High ($) | 52-week Low ($) |
|---|---|---|---|---|
| October 2023 | 2.50 | 35.0 | 3.00 | 1.50 |
Future Outlook
Looking ahead, analysts project that Park City Group will continue to grow, driven by:
- Increased Demand: For supply chain solutions post-pandemic.
- Technology Integration: Expanding use of AI and machine learning in their offerings.
- Market Trends: A shift towards digital transformation in logistics.
How Park City Group, Inc. (PCYG) Makes Money
Revenue Streams
Park City Group, Inc. primarily generates revenue through several key business operations:
- Software as a Service (SaaS) Model
- Consulting Services
- Data Analytics and Insights
- Licensing and Maintenance Fees
Software as a Service (SaaS) Model
The SaaS model represents a significant portion of PCYG's revenue. As of fiscal year 2022, the company reported $10.2 million in subscription revenue, reflecting an increase of 15% year-over-year.
Consulting Services
Consulting services allow PCYG to leverage its expertise in supply chain optimization. In 2022, this segment generated $3.5 million, contributing to approximately 25% of total revenue.
Data Analytics and Insights
PCYG offers advanced analytics solutions that provide their clients with actionable insights. In 2022, this segment brought in around $2 million, showcasing a growing demand for data-driven decision-making.
Licensing and Maintenance Fees
Licensing fees for proprietary software account for a stable revenue stream. The maintenance fees reached $1.8 million in 2022, illustrating the ongoing relationship PCYG maintains with its clients.
Cost Structure
The cost structure is fundamental to understanding PCYG’s profitability:
- Cost of Revenue: $5 million
- Operating Expenses: $6 million
- Research and Development: $2 million
Financial Performance Overview
PCYG's total revenue for 2022 was approximately $13.8 million. Below is a summary of the financial performance:
| Year | Total Revenue | Net Income | Gross Margin |
|---|---|---|---|
| 2020 | $10 million | $1 million | 50% |
| 2021 | $11 million | $1.5 million | 52% |
| 2022 | $13.8 million | $2 million | 54% |
Market Opportunities
The market for supply chain solutions is expanding rapidly. PCYG is poised to capitalize on this growth through:
- Increased demand for automation
- Growth in e-commerce activities
- Focus on real-time analytics
Strategic Partnerships
Partnerships with other technology firms play a critical role. In 2022, strategic partnerships contributed to approximately $1 million in additional revenue.
Future Revenue Projections
Projections for 2023 indicate expected revenue growth of 20%, with anticipated total revenues reaching around $16.5 million.
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