In end-to-end customers. as forces. traceability time, competition are is the no the retain improve mandates, other we've to words, been The to recalls a to is continuing just a but as Retailers grocery Thanks, force is adoption also marketing embracing some is saying tool of traceability FDA risk, over. longer traceability adopt John. taking industry address solution driving and are for market
focus the to regulatory retailers While to traceability inevitable. issues, FDA ultimately some many on is recognize retailers going are that continue
we're trace forces not run by evidenced going These Target list, but all. they're also Albertsons, retailers and the the As way their to limited it are over are working X different time, a long trace convinced Kroger, just system. going to Walmart in through
our retailers that hesitant to industry and spent do. we [ easier ] some the commit bit. true some is would years expect is until slower what it's delay for the there the smoother, it. FDA of for are delay, sinking advocating many for traceability traceability know more is last surprised into enforcement. to administration by terms of in Keep us, mind that bit Certainly, inevitability X sense of they But and to going is us. We've isn't if current in We best be profitable fully slower the
market mean however, at be going not, simply needs is is does we've solution positioned forces it prepared delay is the that industry everything. the the in the tracing as not as and by point to go-to is the fact FDA a to the That timing still ourselves time. that for and recognition wayside, This expected, this exactly up to lined traceability as as demand to we both go meet
actually operating It's already, the network you We if largest far, it. are in world. traceability amazing the by pretty about think
to want of with attention the scale but partner more industry that there'll and Our of about us, the later. players that is be additional drawing
For base ReposiTrak, growing deferred recurring revenue. and it's driving of a
year, anticipating our in our of second note to it's have current range. fiscal It's half that to accelerating significant year to line in though bringing of just XX% to we driving growth revenue traceability not we're the whole XX% our what growth the up growth. hand, top desired Given double-digit
growing. business and are core traceability Our both
multiple Think of and simply of is what doors. is we do of traceability those having one entry doors
improve automated automation lot is onboarding onboarding but now us of are increase, to through we a and critical have The work grow. to ability our to efficiently continue initiative to This the is do. customers to is We continuing process. more percentage who for automation our key Wizard
customers our for of level importantly, need will More efficiency this themselves.
being by our customers. and X,XXX retail Specifically, wholesale facilities that we have are around enrolled actively
by next the or to that annualized $XX that to competitive X,XXX to grow, It million have will nearly in the addressable to in strengthen we represents incremental these Simultaneously, enroll XX those XX to continues suppliers. onboard so. hubs continue today and our position. their we over facilities take being months XX market months revenue are required And hand
give deadline. to the and noncustomer Last well suppliers implementing that of help ahead with suppliers spoke all products, example, opportunity I quarter, about trace mandated you food connect mandate Target Let the example. FDA's this have retailers. Albertsons, for Kroger, me an and they're Walmart,
This network. work their you'd or because may they traceability retailers us exclusive planning not of thousands large technical them creates of that currently to join portal. of opportunity themselves are expect, help These suppliers, to an in be with handle capabilities our traceability wholesalers internally, retailers many but using the as to traceability as connect whom ReposiTrak and
Once data-agnostic. again, we're
are translator we automatically connecting advantage powerful are, We as the positioned large the in gives and traceability the This market for to take to up largest very by key data us. nearly a industry, elements advantage We're and for any ourselves opens a of data. seamlessly. traceability the additional that us for database platform world universal far, positioning the fact
give others to with us just actually for It a doesn't This advantage. us. attractive us competitive makes partner
scan with one Upshop, in to of and space leaders of deliveries solutions. data the in-store arrive of into receiving is this store Upshop the along Every leading we a the the grocery solutions others. recently systems. of store-level with in partnered putting providers handful they as store some example, has For process one
data and assistance partnering ReposiTrak as requesting This process. oriented own was their obvious beyond from solution. others scope to therefore, part and Upshop with the are these gather companies normal is Retailers something an for of traceability
the and it's as partnerships database retailers well result signing as us with of a up of even part to wholesalers our supplier expect of a want we to the This itself of other participate. be expand these attractive We are traceability more us network. effect is additional others with network we the to as classic network growing Because additional want information, largest size attracts who players making partnerships. and as who
part inevitable FDA's more the an continue diminish. business, grocery will in timing to being driving the As retailers traceability in recognize that is role of
of the but deadline, us. welcome the would be news for the likely pushback actually FDA So enforcement
our As customers. always been be meeting has always of the will and for focus ReposiTrak, needs our on
For our to P&L. the internal or solution retail place customers, enables without this creating means external in their and them meet a putting requirements, impacting that burden their
as existing possible that processes. this means much as a works For distributors, within deploying their solution
creating even with as have it affordably. as the few out that department, means this and possible solution that's IT may not For workable suppliers, that pricing headaches entities for rolling smaller an
Network is checking the ReposiTrak or boxes. these far, traceability all So RTN, of
do are said, always customers is to But when business better. we've about do excited As continuing better, our traceability, also. we well as our do core as we
in growth. also Our as in anticipate the growth growth core business in to continue be due a outpace was of our second in anticipate that our half accelerated all the growth as We second will parts year design, will growth our our fiscal of well business. to the our revenue of combination traceability. profitability we By quarter
drives inherently business Our cross-selling.
you me example. Let an give
problem. The us our us doing larger their to customers of One in for the limited solution of we compliance with a be ideal number suppliers. positioned started compliance traceability for success their had
with traceability doing they're So us.
scope. a back come has compliance customer this their significant expansion of Now with
their and the the the The again are inherently that lead business. X that lines result to will expansion, it They're business of do down compliance us, And line. of this the to leads time an connected additional the in we with an traceability expansion expansions is inevitably doubling effectively customer. business of eyes each
remember should traceability a that we're all we simply company. not Importantly,
This model profitability, return the growing our to and that It shareholders. delivering to expect. simultaneously results capital continue more the consistent is enables us business Our more to customers simple. allows
still capital just all allocation every we've our up ago. million, and million from paid the we've not the a many dividend bank, our with redeemed increased common few $XX debt. off cash years We've continue common. year, we redeemed bank in As too preferred, strategy, We have we
keep We is XX% And impressive. in income. fact, that to for important compounded know share, per mind X-year In compounded, it's our CAGR net earnings pretty that. XX%
to our confident work about more what how hear you accomplished future. lots are but I'm of sure I'm so have has certainly the We far. do, proud can we team
it now questions. open So for with to that, I'd up like Operator?
