Wed, May 15, 9:20 PM (72 days ago)
ReposiTrak, Inc. reported a 5% year-over-year increase in revenue for Q1 2024, reaching $5.08 million, driven primarily by growth in recurring subscription revenue across compliance, supply chain, and traceability services. Operating expenses increased by 16%, primarily due to higher sales and marketing expenses, including trade show and travel costs, and increased general and administrative expenses, partly offset by lower bad debt expenses. Net income applicable to common shareholders was $1.42 million, resulting in a basic and diluted EPS of $0.08. The company maintained a strong liquidity position with $24.45 million in cash and cash equivalents as of March 31, 2024. Future capital requirements are expected to be met through existing cash flows and operational efficiencies. The company also announced a quarterly cash dividend and continued its preferred stock redemption plan.