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Stock impact report

ReposiTrak Delivers Earnings Per Share of $0.08, Grows Recurring Revenue 6% in Fiscal Third Quarter [Yahoo! Finance]

ReposiTrak, Inc. (TRAK) 
Company Research Source: Yahoo! Finance
SALT LAKE CITY, May 15, 2024 BUSINESS WIRE )--ReposiTrak (NYSE: TRAK), the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, today announced financial results for the third fiscal quarter ("FQ3 2024") ended March 31, 2024. Third Quarter Financial Highlights: Third quarter total revenue increased 5% to $5.1 million from $4.8 million. Recurring revenue increased 6%, net of the planned elimination of high-touch, low-opportunity revenue, to $5.1 million from $4.8 million, representing approximately 99% of total revenue. Quarterly operating expense increased 15% to $3.8 million from $3.3 million. The third fiscal quarter last year included approximately $1 million in an Employee Retention Credit ("ERC"), reducing general and administrative expenses. Quarterly operating income decreased 17% to $1.3 million from $1.5 million last year. Excluding the non-recurring ERC credit in t Show less Read more
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