Strong Deferred Revenue Growth
Deferred revenue grew 70% from $2.4 million to $4.2 million since June 2024, indicating future revenue recognition and successful customer onboarding.
Increased Cash Reserves
Cash on the balance sheet increased 12% to $28 million, boosting financial stability with no bank debt.
Net Income and Earnings Growth
GAAP net income increased 7% to $1.6 million for the quarter, and earnings per share increased 14% year over year.
Successful Capital Strategy
The company increased common stock dividends, redeemed $1.5 million in preferred shares, and bought back $100,000 in common shares.
Traceability Network Leadership
ReposiTrak is the largest operating traceability network in the world, attracting partnerships and expanding market reach.