Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The latest update is out from ReposiTrak ( (TRAK) ).
ReposiTrak reported an 8% rise in first fiscal quarter revenue to $5.4 million, driven by increased demand for food traceability amid recent recalls and regulatory mandates. The company, which posted a 26% jump in net income to $1.6 million, is poised to double its annual recurring revenue over the next three years as it continues to onboard new customers. With a strong cash position and no bank debt, ReposiTrak is well-positioned to meet growing industry demands for traceability and compliance solutions.
For an in-depth examination of TRAK stock, go to TipRanks’ Stock Analysis page.
