Overview
Food traceability network's fiscal Q2 revenue rose 7% yr/yr to $5.9 mln
EPS for fiscal Q2 increased 13% to $0.09 per share
Company repurchased 79,927 common shares for $1.1 mln
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
TRACEABILITY DEMAND - Increased demand for traceability solutions among smaller ingredient providers drove revenue growth
TOUCHLESS TRACEABILITY - Development of Touchless Traceability technology expected to enhance efficiency and competitive advantage
OPERATING EXPENSES - Reduced operating expenses contributed to higher operating income
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$5.90 mln
$5.77 mln (1 Analyst)
Q2 EPS
Meet
$0.09
$0.09 (1 Analyst)
Q2 Net Income
$1.60 mln
Q2 Dividend
$0.02
Q2 Operating Expenses
$4 mln
Q2 Operating Income
$1.80 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for ReposiTrak Inc is $29.00, about 181.8% above its February 13 closing price of $10.29
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 33 three months ago
Press Release: ID:nBw76HWZma
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)