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## Ticker: NYSE:TRAK ( Formely Park City Group )
## Qualitative Analysis
Repositrak is a SaaS provider that facilitate compliance with FSMA. It collect and sorts all vendor compliance documents related to food safety, regulatory compliance, insurance ect... It partners with retailers, wholesalers, and product suppliers to help them source, vet, and transact with their suppliers in order to accelerate sales, control risks, and improve supply chain efficiencies, and source hard-to-get-things.
services for multi-store retail chains, wholesalers and distributors, and their suppliers.
It is the world's largest food traceability and regulatory compliance network
Repositrak is the industry standard & largest platform of its kind
The Company’s services are grouped in three application suites:
(i) ReposiTrak MarketPlace (“MarketPlace”), encompassing the Company’s supplier discovery and B2B e-commerce solutions, which helps the Company’s customers find new suppliers;
(ii) ReposiTrak Compliance and Food Safety (“Compliance and Food Safety”) solutions, which help the Company’s customers vet suppliers to mitigate the risk of doing business with these suppliers;
(iii) ReposiTrak’s Supply Chain (“Supply Chain”) solutions, which help the Company’s customers to more efficiently manage their various transactions with their suppliers.
Main customers U.S. consumer retail sector for food
## Catalyst: FSMA enforcement on January 20, 2026.
What is the Food Safety Modernization Act:
Aim to prevent foodborne illnesses by giving the FDA new authority to regulate the way foods are grown, harvested and processed. The law grants the FDA a number of new powers, including mandatory recall authority.
Considered the first major piece of federal legislation addressing food safety since 1938.
What documents are required ?: all records relating to the manufacture, processing, packing, distribution, receipt, holding, or importation
goals to enhance traceability, improve predictive analytics, respond more rapidly to outbreaks, address new business models, reduce contamination of food, and foster the development of stronger food safety cultures.
one particular section of the Food Safety Modernization Act (“FSMA”), Section 204(d) which has to deal with traceability, was left incomplete when the regulation was enacted in 2011
FDA been working to define exactly what traceability means and what is required to comply with that section of the law.
As part of the 2020 “New Era” announcement, FDA published the Food Traceability List or (“FTL”). FDA used a “risk assessment model” to identify 16 of the highest-risk categories to start with. There is not a single grocery retailer who does not sell these items. These 16 categories represent thousands of individual items and FDA has made it clear in its communications the categories on the FTL are only the beginning. FDA states that they would “encourage the voluntary adoption of these practices industry-wide,” which means more categories are expected to be added over time.
For traceability, FDA requires the capture, creation and sharing of specific key data elements (“KDE”) at each designated Critical Tracking Event (“CTE”) for every item and every shipment. FDA also requires the data be stored for two years and be retrievable and presented to them within 24 hours upon request. FSMA 204 is ultimately about recording all movement of inventories through the supply chain. The result is an enormous amount of data to manage. At the root, it is a supply chain data management issue, which is ReposiTrak’s core expertise. That’s why we’ve made it our goal to develop a traceability solution that’s easy, inexpensive and exceeds FDA’s requirements with the guidance of industry thought leaders gathered in the Food Traceability Leadership Consortium. As the largest connected network of food suppliers, wholesalers and retailers in the world, the ReposiTrak Traceability Network® is well positioned to provide end-to-end traceability to provide a safer food supply chain, tighten control on food waste and implement a food recall response that saves lives and money.
## KPI's
How many customers ?
As of June 30, 2023, the Company employed a total of 69 employees.
the renewal rates of subscriptions
## OTher TBC
Can be compared ? with UNH & obamacare/ACA introduced on march 23, 2010
Management with industry experience: company funded to remedy a problem with their food company
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