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.)