earnings
confidence high
sentiment positive
materiality 0.75
Park City Group Q2: Operating income up 148% to $958K; 99% recurring SaaS revenue
ReposiTrak, Inc.
2021-Q2 EPS reported
$0.08
revenue$8,913,264
- Total revenue $4.4M (-16% YoY) due to planned phase-out of non-recurring revenue; recurring SaaS revenue up 7% to $4.3M.
- Operating income $958K (+148% YoY); GAAP net income $872K (prior year had $1.1M PPP gain; ex that, net income +66%).
- EPS $0.04 vs $0.08; cash from operations $3.1M YTD; cash $21.7M at Dec 31, 2021.
- Repurchased 244,552 shares at avg $5.85 in Q2 for $1.43M; $10.5M remaining on buyback authorization.
- CEO cites FDA traceability mandates as large opportunity; company pivoting to SaaS model with 99% recurring revenue.