Tue, Sep. 15, 6:35 PM
- Park City Group (NASDAQ:PCYG) has filed audited results for its recently-acquired ReposiTrak unit (provides supply chain and compliance software for the food and pharma industries) for FY15 (ended in June) and FY14. The company has also filed unaudited pro forma combined FY15 results for Park City and ReposiTrak.
- HJ & Associates, the auditor for the first set of results, states the numbers "[raise] substantial doubt about the Company's ability to continue as a going concern." ReposiTrak had an FY15 net loss of $3.2M, and an FY14 net loss of $3M.
- Park City has plunged to $9.00 in after hours trading.
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Park City Group Inc is a Software-as-a-Service provider. It designs, develops, markets and supports proprietary software products. Its products are designed for businesses having multiple locations to assist in the management of business operations.
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