ReposiTrak(TRAK) - 2026 Q1 - Quarterly Results

Financial Performance - Total revenue for Q1 fiscal 2026 increased by 10% to $6.0 million, compared to $5.4 million in Q1 fiscal 2025[5] - GAAP net income rose by 9% to $1.8 million, up from $1.7 million in the prior year[5] - Earnings per share (EPS) increased by 13% to $0.09 per diluted share, compared to $0.08 per diluted share in the previous year[5] - Operating income for the quarter increased by 28% to $1.9 million from $1.5 million year-over-year[6] - Net income for the three months ended September 30, 2025, was $1,819,529, an increase of 9.2% compared to $1,665,155 in 2024[19] Revenue Composition - Recurring revenue accounted for approximately 99% of total revenue[6] Cash and Liquidity - The company ended the quarter with $28.8 million in cash and no bank debt[10] - Cash generated from operations was $1.5 million during the quarter[6] - Cash and cash equivalents at the end of the period increased to $28,794,806, up from $25,790,206, representing a growth of 7.8%[19] - Net cash provided by operating activities decreased to $1,538,447 from $1,868,900, reflecting a decline of 17.6% year-over-year[19] Shareholder Returns - The board declared a quarterly dividend of $0.02 per share, representing a 10% increase since the last dividend declaration[6] - Common stock buyback amounted to $149,985, indicating a commitment to returning value to shareholders[19] - Dividends paid decreased slightly to $402,917 from $422,954, a reduction of 4.7% year-over-year[19] - The company has approximately $7.8 million remaining of the $21 million total common share buyback authorization[8] Expenses and Investments - Cash paid for income taxes rose significantly to $536,561, compared to $312,098 in the previous year, marking an increase of 72.2%[19] - The company reported a bad debt expense of $225,000, which is a 50% increase from $150,000 in the prior year[19] - The purchase of property and equipment was $11,750, reflecting ongoing investment in operational capacity[19] Financing Activities - The company experienced a net cash used in financing activities of $1,292,087, compared to $1,266,642 in the previous year, indicating a slight increase of 2%[19] - The company redeemed 70,093 preferred shares for a total of $749,995 during the quarter[7] Accounts Receivable - The company reported a decrease in accounts receivables by $245,439, compared to a decrease of $259,388 in the previous year[19]