Increased Revenue and Income
Total revenue for Q1 fiscal 2025 was up 8%, reaching $5.4 million compared to $5.1 million the previous year. Income from operations increased 23%, and GAAP net income rose by 21% to $1.7 million.
Strong Cash Position
Cash balances reached a record $25.8 million, net of over $20 million returned to shareholders through dividends, share redemptions, and debt payoffs.
Growing Traceability Business
Traceability contributed 6% to recurring revenue in Q1 fiscal 2025, with expectations for this to accelerate. The company anticipates doubling annual recurring revenue run rate over the next several years.
Significant Market Pressure for Traceability
Major retailers like Walmart, Target, and Kroger are mandating end-to-end traceability for all food suppliers by January 2026, driving demand for ReposiTrak's services.