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Park City swings to profit in fiscal Q2

Park City Group Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was $175,390, compared with a loss of $338,050 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 5.0% from negative 9.7% in the year-earlier period.

Total revenue increased year over year to $3.5 million from $3.5 million, and total operating expenses decreased 19.8% from the prior-year period to $3.3 million from $4.1 million.

Reported net income came to $200,340, or 1 cents per share, compared to a loss of $687,720, or a loss of 4 cents per share, in the prior-year period.