ReposiTrak, Inc. - TRAK STOCK NEWS

ReposiTrak (NYSE: TRAK) is set to welcome 25 new produce companies to its Traceability Network®. This move is in response to the FDA's upcoming regulatory deadlines for Key Data Elements (KDEs) in supply chains. Among the new entrants are three notable companies, one known for its diverse produce brands, another for its seasonally managed farms across the U.S., and a third with a legacy dating back to the 1860s. The ReposiTrak platform, which doesn't require additional hardware or software, allows suppliers to share traceability data with all their customers for a flat fee. This expansion supports proactive compliance ahead of the January 2026 deadline.

ReposiTrak (NYSE: TRAK), a leader in food traceability and regulatory compliance, has announced the addition of a major retailer to its ReposiTrak Traceability Network® (RTN). The retailer will incorporate over 150 stores and 600 suppliers, enhancing RTN's capacity to manage FDA-required Key Data Elements (KDEs) for thousands of suppliers. This integration aims to streamline compliance and improve efficiency, particularly in preparation for the January 2026 FSMA 204 deadline. The RTN's expansion solidifies its global role in food safety and traceability. Chairman and CEO Randy Fields highlighted the network’s capacity to manage the entire implementation process, optimizing supplier onboarding and ensuring FSMA 204 compliance. RTN is free for retailers and wholesalers, with suppliers paying a nominal fee per facility to connect with multiple network customers.

ReposiTrak (NYSE: TRAK), a leading food traceability and regulatory compliance network, will join the Russell 3000® Index following the annual reconstitution on July 1, 2024. This inclusion reflects the company's growth and financial progress. ReposiTrak's market capitalization on April 30, 2024, qualified it among the 4,000 largest US stocks. Being part of the Russell 3000® Index for one year also ensures a place in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index. This move is expected to enhance trading liquidity and awareness among institutional investors. The Russell Indexes, used widely by investment managers, benchmark around $10.5 trillion in assets.

ReposiTrak has announced the addition of 25 new produce companies to its ReposiTrak Traceability Network (RTN), aiming to ensure compliance with FSMA 204. The RTN, a cloud-based solution, facilitates the exchange of FDA-required Key Data Elements (KDEs) for Critical Tracking Events (CTEs) without the need for additional hardware or software. The new members include fruit growers, vegetable producers, and organic farms, some with over a century of history. This move aims to help suppliers meet the January 2026 compliance deadline while maintaining high standards of quality and traceability. Randy Fields, CEO of ReposiTrak, emphasized that the RTN allows suppliers to seamlessly share traceability data with retail and wholesale customers at a low, flat fee.

Certco, a distributor serving over 200 independent grocery stores in the Midwest, has adopted the ReposiTrak Traceability Network to automate food traceability. This move is in response to the FDA's FSMA 204 regulation, which demands comprehensive traceability data for various food items. Certco's integration with ReposiTrak will streamline the collection and sharing of Key Data Elements (KDEs) for fresh, frozen, and shelf-stable products, ensuring compliance and enhancing food safety. Certco President and CEO Amy Niemetscheck highlights that the solution is both scalable and cost-effective for suppliers. The initiative aims to mitigate legal and competitive risks associated with non-compliance.

ReposiTrak (NYSE:TRAK) has announced the addition of 20 new dairy companies to its Traceability Network, enhancing its capability in food traceability and regulatory compliance. New members include top yogurt producers, cheese artisans, and long-established cooperative ventures. These additions aim to streamline the exchange of FDA-required Key Data Elements (KDEs) for Critical Tracking Events (CTEs) in supply chains, ensuring compliance before the January 2026 deadline. The network facilitates connections without the need for additional hardware or software, offering unlimited partner connections for a low, flat fee.

ReposiTrak, a leader in food traceability and compliance, has expanded its Traceability Network (RTN) by adding a new wholesaler. This addition brings over 250 retail stores and 300 suppliers, enhancing the network's compliance with the FDA's FSMA 204 traceability law. The RTN facilitates the sharing of Key Data Elements (KDEs), required for food safety, among suppliers and customers. Randy Fields, CEO of ReposiTrak, emphasizes the network's capability to provide real-time visibility and proactive compliance. The RTN is free for retailers and wholesalers, with suppliers paying a nominal fee per facility for unlimited connections.

ReposiTrak (NYSE: TRAK) reported fiscal Q3 2024 results, showing a 5% increase in total revenue to $5.1 million and a 6% rise in recurring revenue. Despite a 15% increase in operating expenses, the company maintained an EPS of $0.08. GAAP net income decreased by 7% to $1.6 million. ReposiTrak ended the quarter with $24.5 million in cash and no debt. The company redeemed 70,093 preferred shares for $749,995 and plans to redeem all preferred shares over three years. CEO Randall K. Fields noted significant growth in the ReposiTrak Traceability Network, predicting a doubling of revenue over the next three years.

ReposiTrak (NYSE:TRAK) is expanding its food traceability network by adding 20 new produce companies. The ReposiTrak Traceability Network® (RTN) will enable these companies to meet FDA's Key Data Elements (KDEs) requirements before the January 2026 deadline. The new members include industry leaders with a long-standing commitment to quality and sustainability, such as a century-old New England wholesaler and a leading South Texas family farm. ReposiTrak's network facilitates seamless data transmission without additional hardware or software, allowing suppliers to connect with multiple trading partners for a low, flat fee.