ReposiTrak Stock Price, News & Analysis

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, has reached a significant milestone with 4,000 food suppliers joining the ReposiTrak Traceability Network® (RTN). This growth facilitates easier compliance with the FDA's FSMA 204 food traceability final rule for retailers and wholesalers.

Key points:

• Suppliers can share all FDA-required traceability data through RTN
• Suppliers represent categories on the FDA's Food Traceability List (FTL) and beyond
• RTN enables efficient exchange of Key Data Elements (KDEs) with multiple customers
• Onboarding process is automated with no new hardware or software required
• Suppliers can share data with unlimited in-network customers for a flat fee
• FSMA 204 enforcement begins January 20, 2026

Save A Lot, a major U.S. discount grocery wholesaler, has announced the implementation of the ReposiTrak Traceability Network (RTN) to enhance food safety and comply with FSMA 204 requirements. This automated solution will enable Save A Lot's suppliers to easily transmit FDA-required traceability data for every impacted lot code to the company's eight distribution centers.

The adoption of RTN demonstrates Save A Lot's commitment to food safety, regulatory compliance, and supply chain transparency. The system will collect, organize, store, and retrieve Key Data Elements (KDEs) as mandated by FSMA 204. Save A Lot plans to make the platform available to its independent owners and operators, providing end-to-end visibility throughout the supply chain.

Implementation of RTN has already begun and is expected to be completed well before the 2026 compliance deadline. By joining the ReposiTrak network, Save A Lot becomes part of the world's largest operating food traceability network, offering an efficient and affordable path to compliance for its suppliers and Retail Partners.

ReposiTrak (NYSE: TRAK) reported financial results for FY2024 and Q4 2024. Full-year revenue increased 7% to $20.5 million, with recurring revenue up 7% to $20.4 million. Full-year GAAP net income rose 7% to $5.9 million, with EPS of $0.30, up 11% year-over-year. Q4 revenue grew 8% to $5.2 million, with GAAP net income up 15% to $1.6 million.

The company ended the year with $25.2 million in cash and no bank debt. ReposiTrak's Board approved a 10% increase in the quarterly common stock dividend. The company redeemed 81,121 preferred shares for $867,995 during Q4. CEO Randall K. Fields highlighted the accelerating on-boarding pace of the ReposiTrak Traceability Network and expects revenue growth to follow in coming quarters.

ReposiTrak, Inc. (NYSE: TRAK), a leader in food traceability and regulatory compliance, has announced a quarterly cash dividend of $0.0165 per share. This translates to an annual dividend of $0.066 per share. The dividend will be paid to shareholders of record as of September 30, 2024, with the payment scheduled for November 13, 2024.

ReposiTrak operates the world's largest food traceability and regulatory compliance network, built on its proven SaaS platform for inventory management and out-of-stock reduction. This dividend declaration demonstrates the company's commitment to providing regular returns to its shareholders.

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, has welcomed 25 new beverage and candy companies to its Traceability Network. These companies will use ReposiTrak's hardware-free solution to exchange FDA-required Key Data Elements for Critical Tracking Events in their supply chains, ensuring compliance before the January 2026 deadline.

Notable new members include the largest U.S. producer of pomegranates and pomegranate juice, a century-old licorice manufacturer, and a beloved candy company with nearly 100 years of history. ReposiTrak's CEO, Randy Fields, emphasized that their solution allows suppliers to exchange data in any format with unlimited customers for a low, flat fee, simplifying retailer processes and facilitating efficient supplier onboarding.

ReposiTrak (NYSE: TRAK), the world's largest food traceability and regulatory compliance network, has announced its fiscal 2024 fourth quarter earnings conference call and webcast scheduled for September 30, 2024. The company plans to release its earnings results after market close on that day. Chairman and CEO Randall K. Fields will host the conference call at 4:15 p.m. Eastern Time to discuss the company's results.

The call will be accessible via a toll-free number (1-877-407-9716) and an international number (1-201-493-6779), with the Conference ID 13748737. Additionally, a webcast will be available on the company's investor relations website. A replay of the call will be accessible until October 30, 2024, using dedicated replay numbers.

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, has welcomed 25 new produce companies to its Traceability Network. These companies will exchange FDA-required Key Data Elements for Critical Tracking Events in their supply chains, ensuring compliance before the January 2026 deadline.

Notable new members include a leading dehydrated potato products producer, one of North America's largest open-field tomato growers, and the world's largest horseradish grower and processor. These suppliers will share traceability data with 3 different retailers and wholesalers for every shipment.

ReposiTrak's hardware-free solution allows suppliers to share traceability data with all customers within the network in any format, streamlining operations and enhancing supplier onboarding efficiency. The service is available for a low, flat fee with unlimited trading partner connections.

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, has welcomed 25 new produce companies to its Traceability Network (RTN). This move allows these companies to efficiently exchange FDA-required Key Data Elements (KDEs) for Critical Tracking Events (CTEs) in their supply chains, ensuring compliance before the January 2026 deadline.

Among the new members are three notable companies: one of the world's largest nut growers and processors, a major US fruit and vegetable processor, and a leader in mushroom cultivation with over 90 years of experience. ReposiTrak's hardware-free solution enables data exchange in any format with unlimited customers in the network, simplifying retailer processes and supplier onboarding.

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, is set to welcome 25 new snack food suppliers to its ReposiTrak Traceability Network® (RTN). This move comes as companies prepare for the FDA's January 2026 deadline for food traceability compliance.

The new members include nationally recognized companies specializing in granola bars, cereals, and a broad portfolio of snack brands. ReposiTrak's solution allows these suppliers to efficiently exchange FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in their supply chains.

ReposiTrak CEO Randy Fields highlighted that many retailers are opting for comprehensive traceability across all products to ensure compliance. The RTN requires no additional hardware or software and offers connections to unlimited trading partners for a low, flat fee.