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SALT LAKE CITY - Thirty purveyors of domestic and imported cheese are preparing to join the ReposiTrak Traceability Network (RTN), according to a statement released by ReposiTrak (NYSE:TRAK) on Tuesday. The company, currently valued at $336 million, has maintained impressive gross profit margins of 83.6% and demonstrated solid revenue growth of 9.7% over the last twelve months, according to InvestingPro data.
The companies will use the network to exchange FDA-required Key Data Elements for each Critical Tracking Event in their supply chains, responding to increasing retailer demands for food safety and transparency. ReposiTrak’s strong financial health score and robust current ratio of 6.03 suggest it’s well-positioned to support this expansion.
The suppliers joining the network include a California-based importer and processor of Italian cheeses and olive oils, an organic dairy processor from Delaware, and a Colombian company working with local farmers producing dairy products from grass-fed buffalo milk.
"Many traceability programs require food traceability data for all foods - or entire categories of food such as cheese," said ReposiTrak Chairman and CEO Randy Fields. "That’s because there is risk for the retailer if food traceability data is missing, incomplete or inaccurate."
The cloud-based traceability system requires no additional hardware for implementation. Each traceability data file undergoes a 500-point error detection process, with ReposiTrak’s team working with suppliers to correct issues before data reaches retail, wholesale, or foodservice customers.
ReposiTrak describes itself as the world’s largest food traceability and regulatory compliance network. The company, which went public on the New York Stock Exchange, offers solutions for food traceability, compliance, risk management, and supply chain operations.
The announcement comes as food suppliers across various categories face growing pressure to provide greater transparency throughout their supply chains. While currently trading above its InvestingPro Fair Value, the company shows promising operational metrics. Investors can access 12 additional ProTips and comprehensive analysis through the Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, ReposiTrak reported its third-quarter fiscal 2025 earnings, highlighting a strong financial performance. The company achieved earnings per share of $0.10, exceeding analysts’ expectations of $0.0844, while revenue reached $5.9 million, slightly below the forecasted $5.85 million. ReposiTrak’s revenue grew by 16% year-over-year, driven by a significant increase in recurring revenue. The company also announced a 10% increase in its quarterly cash dividend, reflecting its solid financial performance and commitment to shareholder returns. In addition to financial achievements, ReposiTrak expanded its traceability network by adding 31 cheese suppliers and 20 specialty food suppliers, enhancing its capacity to meet increasing food safety and transparency demands. The company continues to focus on innovation and long-term growth, with plans to double its historical revenue in the coming years. Analyst firms have taken note of ReposiTrak’s financial stability and strategic initiatives, signaling positive expectations for the company’s future.
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