ReposiTrak, Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial performance and operations. ReposiTrak, a software-as-a-service provider, offers a range of proprietary software products including ReposiTrak MarketPlace, Compliance and Food Safety solutions, and Supply Chain solutions. It also provides business-consulting services to suppliers, retailers in grocery, convenience, and specialty retail sectors. The company primarily serves multi-store retail chains, wholesalers, distributors, and their suppliers. ReposiTrak has a strategic partnership with Upshop to enable grocery retail traceability. The company was formerly known as Park City Group, Inc. and changed its name to ReposiTrak, Inc. in December 2023. ReposiTrak, Inc. is based in Murray, Utah.
In terms of financial performance, for the three months ended March 31, 2025, ReposiTrak reported a revenue of $5,913,732, marking a 16% increase from the $5,084,866 reported for the same period in 2024. This growth in revenue was attributed to the expansion of recurring subscription revenue in all lines of business, including compliance, supply chain, and traceability. The demand for traceability has increased due to growing industry and consumer response to food contaminations and safety hazards, resulting in tighter mandates from retailers to suppliers.
Cost of services and product support for the three months ended March 31, 2025, was $911,693, representing a 10% increase from the $831,912 reported for the same period in 2024. This increase was primarily attributed to the hiring of development personnel to accelerate automation of onboarding and support services to support the scale and expansion of the FSMA 204 initiative.
Sales and marketing expense for the three months ended March 31, 2025, was reported at $1,408,861, marking a 4% increase from the $1,349,838 reported for the same period in 2024. The increase in sales and marketing expense was primarily due to higher sales commissions, sales travel, and investment in marketing for the suite of services.
General and administrative expense for the three months ended March 31, 2025, was $1,455,602, representing an 8% increase from the $1,352,197 reported for the same period in 2024. This increase was primarily due to higher employee benefit costs, general liability insurance, D&O insurance, and higher payroll taxes due to an increase in sales commissions.
Depreciation and amortization expense for the three months ended March 31, 2025, was $328,723, marking a 14% increase from the $288,576 reported for the same period in 2024. This increase was attributed to the addition of certain assets obtained with financing arrangements in the current fiscal year to expand into the newest Reno, NV data center.
Net other income for the three months ended March 31, 2025, was $306,866, representing a decrease of 12% from the $348,084 reported for the same period in 2024. This decrease was due to a decrease in interest income attributable to earnings on fixed income instruments.
Preferred dividends accrued on the Company’s Preferred Stock for the three months ended March 31, 2025, were $85,725, marking a 36% decrease from the $134,345 reported for the same period in 2024. Today the company's shares have moved 0.35% to a price of $22.91. For the full picture, make sure to review ReposiTrak's 10-Q report.
