Welcome to our dedicated page for ReposiTrak news (Ticker: TRAK), a resource for investors and traders seeking the latest updates and insights on ReposiTrak stock.
ReposiTrak, Inc. (TRAK) is a prominent player in the software-as-a-service (SaaS) sector, specializing in solutions that streamline supply chain operations for retailers. As a fully owned subsidiary of Park City Group (NASDAQ: PCYG), ReposiTrak partners with retailers to boost sales, manage risks, and cut supply chain costs.
The ReposiTrak Marketplace offers a versatile platform where retailers can search, sample, vet, onboard, and order from new suppliers. This platform aims to expand local inventories and source popular items effortlessly through a cloud-based application. The company’s integrated, end-to-end innovation platform delivers an array of advanced commerce solutions such as scan-based trading and automated ordering, addressing the needs of a dynamic retail environment.
Compliance management automation is another key feature, helping businesses stay within regulatory requirements without hassle. ReposiTrak's offerings ensure that products are available when and where consumers need them, thereby enhancing operational efficiency and customer satisfaction.
In addition to these core services, ReposiTrak provides a comprehensive suite of solutions that include implementation, business optimization, outsourcing, technical services, education, and application hosting. These offerings empower clients to make better-informed decisions and stay competitive in the fast-paced retail sector.
Recent Achievements and Partnerships:
- Enhanced cloud-based applications for better supplier management and order processing.
- Collaborations with leading retailers to optimize supply chain operations.
- Implementation of innovative compliance management tools to reduce regulatory risks.
For more detailed information, visit the official website at www.repositrak.com.
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Capitol Sausage and Provisions (CSAP) automates compliance documentation for suppliers to further food safety and service. The family-run company, operating wholesale fruits and vegetables as well as pre-cut offerings through Heart of the Harvest, uses solutions from ReposiTrak. The advancement supports its mission to provide fresh, healthful and safe products and excellence in service to its customers. CSAP services retail grocery stores, restaurants, hospitals, hotels, and institutions throughout Connecticut and Greater New England.
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Park City Group, Inc. (NYSE: TRAK) has filed to change its corporate name to ReposiTrak, Inc. The rebranding is part of the company's strategy, with the name change expected to be effective on December 21, 2023. The company's shares will continue to be listed on the NYSE under the ticker symbol 'TRAK'.
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Park City Group, Inc. (NYSE: TRAK) declares a quarterly cash dividend of $0.0165 per share ($0.066 per year), payable to shareholders of record on December 29, 2023. The company is the world's largest food traceability and regulatory compliance network, known for its proven inventory management and out-of-stock reduction SaaS platform.
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URM Stores, Inc. (URMS) advances compliance with FDA's FSMA 204 food traceability law through automation with the ReposiTrak Traceability Network®. The solution enables data exchange and maintenance between suppliers, distribution centers, and retail locations in Washington, Oregon, Idaho, and Montana. URM's supply chain includes hundreds of suppliers, two distribution centers, and 249 member stores, as well as 23 Rosauers Supermarkets locations, six Cash & Carry locations, and URM subsidiary produce company Peirone Produce. The ReposiTrak solution is cost-effective, easy-to-use, and scalable for the total food supply chain. It is built upon the largest, already-connected network of more than 110,000 individual supplier facilities, making the onboarding process faster and easier for retailers.
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Associated Grocers of New England (AGNE) (Ticker: AGNE) is taking steps to comply with FDA's FSMA 204 food traceability law by automating its processes with the ReposiTrak Traceability Network. AGNE is the largest retailer-owned, wholesale grocery distribution center in New England, serving independent retail grocers of all sizes and formats. The ReposiTrak solution facilitates the exchange and maintenance of FDA-required data between AGNE's suppliers, distribution center, and retail locations. This move demonstrates AGNE's commitment to transparency, quality, and safety in its supply chain operations.
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ReposiTrak (TRAK), the world’s largest operating food traceability and regulatory compliance network, has launched resources for food supply chain companies on the topic of FSMA 204 food traceability. The resources include a video interview with Morning News Beat, a webinar with food industry attorney Shawn Stevens of the Food Industry Counsel, LLC, and an upcoming event with the National Grocers Association (NGA) on December 6, 2023.
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ReposiTrak (TRAK) adds vegetable grower and watermelon brokerage to its FSMA 204 food traceability network. The new users will exchange FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in the supply chain, ensuring compliance ahead of the January 2026 deadline. The produce companies will use RTN to do traceability with an in-network grocery supply chain company. ReposiTrak requires no additional hardware or software, and the team assists in making the connections needed under the new regulation.
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ReposiTrak (TRAK) adds seafood suppliers to its Traceability Network, expanding market share and ensuring compliance with FDA requirements ahead of the January 2026 deadline. The new users include a shrimp importer from Mexico and a global seafood harvester and processor. ReposiTrak's CEO emphasizes the importance of starting food traceability now and offers a cost-effective solution for suppliers and retailers to connect and share data.
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ReposiTrak (NYSE:TRAK) announces the addition of a specialty produce distributor and a chile supplier to the ReposiTrak Traceability Network, expanding market share. The new users will exchange complex, FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in the supply chain, ensuring compliance ahead of the January 2026 deadline. The distributor and supplier will use RTN to do traceability with an in-network retail grocery chain with nearly 300 stores and four distribution centers as well as with an in-network wholesaler and retailer with 700 locations. The ReposiTrak Traceability Network requires no additional hardware or software, and the ReposiTrak team assists in making the connections needed under the new regulation.
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ReposiTrak (NYSE: TRAK) increases its quarterly cash dividend by 10% to 6.6 cents per share annually. The company also announced financial results for the first fiscal quarter ended September 30, 2023, with a 7% increase in total revenue to $5.1 million. Recurring revenue increased by 8%, representing approximately 99.7% of total revenue. Quarterly operating expenses increased by 11% to $3.9 million due to a one-time investment in sales and marketing.
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FAQ
What is the current stock price of ReposiTrak (TRAK)?
The current stock price of ReposiTrak (TRAK) is $23.02 as of December 20, 2024.
What is the market cap of ReposiTrak (TRAK)?
The market cap of ReposiTrak (TRAK) is approximately 410.9M.
What does ReposiTrak Inc. do?
ReposiTrak Inc. specializes in software-as-a-service (SaaS) solutions that streamline supply chain operations for retailers.
What is the ReposiTrak Marketplace?
The ReposiTrak Marketplace allows retailers to search, sample, vet, onboard, and order from new suppliers using a cloud-based application.
What are some of ReposiTrak’s advanced commerce solutions?
ReposiTrak offers scan-based trading and automated ordering, among other solutions, to improve retail operations.
How does ReposiTrak help with compliance management?
ReposiTrak provides automation tools that ensure businesses stay within regulatory requirements, reducing compliance risks.
Who owns ReposiTrak Inc.?
ReposiTrak Inc. is a wholly owned subsidiary of Park City Group (NASDAQ: PCYG).
How does ReposiTrak contribute to expanding local inventories?
ReposiTrak's platform enables retailers to easily source popular items and expand their local inventories.
What types of services does ReposiTrak offer?
Services include implementation, business optimization, outsourcing, technical services, education, and application hosting.
What is the main benefit of using ReposiTrak’s solutions?
ReposiTrak’s solutions help retailers make better-informed decisions and stay competitive by improving supply chain efficiency.
Where can I find more information about ReposiTrak?
More information is available on the official website at www.repositrak.com.
Who are ReposiTrak’s primary clients?
ReposiTrak primarily partners with retailers to enhance sales, manage risks, and reduce supply chain expenses.
ReposiTrak, Inc.
NYSE:TRAK
TRAK Rankings
TRAK Stock Data
410.87M
11.62M
36.37%
38.31%
8.75%
Software - Application
Services-computer Processing & Data Preparation
United States of America
MURRAY