An update from ReposiTrak ( (TRAK) ) is now available.
ReposiTrak announced its financial results for the second fiscal quarter ended December 31, 2024, reporting a 7% increase in total revenue to $5.5 million and a 12% rise in net income to common shareholders. The company highlighted growth across all business lines, driven by increasing demand for food safety and compliance solutions ahead of the FSMA 204 deadline in 2026. The company is well-positioned to capitalize on industry endorsements and partnerships, with a significant increase in deferred revenue signaling continued growth. ReposiTrak ended the quarter with a strong cash position and no bank debt, continuing to invest in traceability solutions and returning capital to shareholders through dividends and share buybacks.
More about ReposiTrak
ReposiTrak (NYSE: TRAK) provides retailers, suppliers, food manufacturers, and wholesalers with a solution suite focused on food traceability, compliance and risk management, and supply chain solutions. Their integrated, cloud-based applications aim to reduce risk, enhance operational controls, and protect brand reputation.
YTD Price Performance: 1.73%
Average Trading Volume: 55,101
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $409.3M
Learn more about TRAK stock on TipRanks’ Stock Analysis page.