Revenue Growth for Fiscal Year 2025
Total revenue increased 11% from $20.5 million to $22.6 million. Recurring revenue increased 10% to $22.3 million.
Income and Profitability Increase
Fiscal year income from operations was up 24% to $6.2 million versus $5 million. GAAP net income was $7 million, up 17% versus $6 million last year.
Cash and Debt Management
Cash from operations increased 21% from $7 million to $8.4 million. Total cash increased 14% from $25.2 million to $28.6 million, and the company has 0 bank debt.
Earnings Per Share Growth
Earnings per share for the fiscal year 2025 was $0.36 basic and $0.35 diluted, resulting in a year-over-year EPS growth of 21%.
Deferred Revenue Growth
Deferred revenue increased 30% from $2.4 million to $3.2 million, indicating future growth potential.
Capital Allocation and Shareholder Returns
The company returned more than $25 million in capital to shareholders, including buying back 2.1 million common shares and raising the common stock dividend 3 times since December 2023.
Network Expansion and Automation
The company's network and automation efforts have positioned it as a leader in traceability solutions, with the potential for significant addressable market growth.