ReposiTrak Q4 revenue falls
TRAK•ReposiTrak’s fiscal fourth-quarter revenue fell 3% year over year to $5.6 million, while net income rose 16% to $2.1 million and EPS increased 20% to $0.11. The company returned $5.3 million to shareholders through dividends, buybacks and preferred redemptions.
1. Quarterly results
ReposiTrak reported fiscal fourth-quarter revenue of $5.6 million, down 3% year over year. Net income rose 16% to $2.1 million, and EPS increased 20% to $0.11. The company said an 11% decrease in operating expenses contributed to higher net income.
2. Outlook and investment
The company expects demand for traceability solutions to accelerate as a regulatory deadline approaches and cited strong customer interest in its Touchless Merchandising solution. It said it has signed initial supplier agreements for the offering with SPAR Group and plans to continue investing in technology and returning capital to shareholders.
