SALT LAKE CITY - ReposiTrak (NYSE:TRAK), a $267 million market cap company with impressive gross profit margins of 84%, announced Tuesday that 23 food suppliers have joined its Traceability Network to exchange FDA-required data with retail customers. According to InvestingPro, the company maintains strong financial health with robust operational metrics.
The new participants include a Quebec-based maple syrup producers' cooperative representing thousands of farmers, a California beverage company known for sparkling mineral water and ready-to-drink teas, and a Pennsylvania specialty condiment manufacturer. This expansion aligns with ReposiTrak's recent 10.5% revenue growth.
These companies will use the platform to share Key Data Elements for each Critical Tracking Event in their supply chains, helping them meet growing traceability requirements from retailers and wholesalers.
"Several major retailers and wholesalers now require all food and beverage suppliers to share traceability data," said ReposiTrak Chairman and CEO Randy Fields. "The initial onboarding of suppliers is both the most critical and most challenging step for everyone involved."
The ReposiTrak system requires no additional hardware and includes a 500+ point error detection process for traceability data files. The company's U.S.-based team works with suppliers to correct errors before data reaches customers.
The platform offers multiple data sharing options to accommodate various technical capabilities, from electronic data interchange to manual entry.
ReposiTrak describes itself as the world's largest food traceability and regulatory compliance network, providing solutions for retailers, suppliers, food manufacturers and wholesalers to manage compliance requirements and enhance operational controls.
The announcement was made in a company press release. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 14+ additional ProTips and detailed metrics, including exclusive Fair Value calculations and growth projections for ReposiTrak.
In other recent news, Repositrak Inc reported its fourth-quarter earnings for 2025, aligning with earnings per share (EPS) forecasts at $0.09. However, the company fell short of revenue expectations, reporting $5.8 million compared to the anticipated $6.25 million, marking a 7.2% shortfall. Despite the revenue miss, Repositrak's stock saw a slight recovery in aftermarket trading. The company's stock had closed at $16.93, close to its 52-week low of $15.12. These developments are part of the latest financial performance updates from the company. Investors are likely to monitor how Repositrak addresses the revenue shortfall in the coming quarters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.