ReposiTrak Reports Second Quarter Earnings
MURRAY, Utah, Sept. 11, 2023 (GLOBE NEWSWIRE) -- ReposiTrak (TRAK) today announced its financial results for the second quarter of fiscal 2023, ended July 31, 2023.
Key Financial Metrics:
* Revenue of $5.5 million, an increase of x% year-over-year
* Net income of $1.6 million, or 8 cents per share, compared to $0.0 million, or 0 cents per share, in the prior-year quarter
* Adjusted EBITDA of $1.8 million, an increase of x% year-over-year
Business Highlights:
* Continued strong demand for ReposiTrak's award-winning suite of supply chain management solutions
* Expansion into new markets and industries
* Enhancements to existing product offerings to meet evolving customer needs
"We are pleased with our solid financial performance in the second quarter, which reflects the growing adoption of our solutions by companies looking to improve their supply chain visibility and efficiency," said Robert Kupstas, CEO of ReposiTrak. "Our team remains focused on delivering innovative solutions that support our customers' success."
About ReposiTrak
ReposiTrak is a leading provider of software-as-a-service (SaaS) solutions for the food and beverage industry. The company's cloud-based platform enables manufacturers, distributors, and retailers to manage food safety compliance, supplier quality, and product traceability. For more information, visit www.repositrak.com.