was important ReposiTrak. for Fiscal evolution Thanks, XXXX really John. of year another
redemption preferred shares. returned common partial further we our with Here's the the time, and redeem paying strengthened our We out cash New Stock York We We business identity and sheet. to balance shareholders the already quarterly industry-leading $X.X shares preferred dividend, done. of a XXXX corporate to of year align same million during rebranded cash fortress at got fiscal Exchange. purchases, uplisted our dividends to just increased list We stock what we our more our common repurchased through platform. than
to obvious it. FDA's Safety We said faster. even as We revenues, traceability choice low increased the some and or call related ReposiTrak the certain [ opportunity revenue and EPS better signed we in X% Food industry wholesalers our opportunity Act, ] grew the lines resources an up that Network the At to we the to high RTN, suppliers ] endorsement, the income net same XXX. address Q establish We free while address to added solution traceability we're revenue leader of beginning journey It's amazing [ to traceability growth. our to as thought term on. delivering long the that thousands ReposiTrak still and major secured time, Rule the recurring touch, established Modernization space. is retailers
the of food our More stores, what we for will other out traceability for The in adoption Traceability in some is team the rolling our that obviously. And later, about exceed than The pace expectations larger we've proud accomplished. exceeding of market products size to beyond there's expectations. almost I'm in convenience expected. of extremely add-on many, way. ancillary XXXX. every verticals continues service, is be many opportunities and grocery, that amazing initially
we? facilities retail wholesale being our customers. and by have currently and roughly are where We actively X,XXX X,XXX that companies enrolled So are
deadline the Representing revenue months. of rate for XX is next us XX in The run about FDA to XXXX. $XX annual current million January recurring
more The for Importantly, competitive recent and spate what frankly, of about and reinforcing traceability more you've we a do. less safety a pull. is and less the push market and heard is that regulatory issues demand accelerating food becoming actually
fact, multiples we on But size This to suppliers, do of requiring In the total it's obviously all the market. retailers see. not are and some currently food increases traceability. clear, those wholesalers FDA what of be the large just list
would has welcome to we'd line. deadline time a in not But to time industry the date, the XXXX adjusted meet said, the January delay requirements. the we've provide As additional the FDA
establish mandates Nevertheless, traceability to appear than eager many FDA the retailers even more faster it.
For require means Knowing compliance, quickly have ahead retailers FDA we'll traceability. We dictated it and We're this, get doesn't for more drop again meet the risk requirements from with that obvious the prepared. that the FDA the is regulatory, for January fully suppliers, of their and are line us, or legal do in procrastinators. and to the own product. of retailer Retailers date. the XXX the current adjusted reason. seriously with really XXXX Keep mind a means owns that faster. its Rule it dead deadlines traceability taking financial associated
stories all them. actually pressure are to them. food from that Obviously, comply lawyers XXX, suppliers there's going about by get suppliers accepting retailer to customers stop Given are illnesses, the doing or the we're to Rule their unrelenting product covered seeing new either fire demand that or is part advising an
provided rata being John about $X.X are XX This the who've suppliers XXXX. to the built. pro our portion necessary now X% enrolled and revenue, fiscal XX about months, reflects only out, As implemented over in pointed the fully been last contribute data enrolled total and of that traceability the of million
As accelerating by driven quarter-to-quarter, now by lines the John sequentially hubs. our stated, and created rapidly we're enrollment
now. ask ramp the For who revenue answer those when is begin, will you of the
manage make how is our to and job them. it sure customers thrilled handle smooth Our are it, with that we
traceability Let me the little a bit. enrollment explain process
alluded traceability As a onboarding process. as complex John multistep to, suppliers
suppliers to FDA's hub those and have governed that impacted mandate. a those categories: one, two, into by X by broken there's or we phase the may the law; suppliers directly First, discovery indirectly identify be a not
of data the required every what the and no cetera, actual all traceability have data not reach Many identify lives. There's to enrollment information out. where, with of Next, suppliers it. at supplier, and the the and explain don't have work collection. over hub them help et requirements the standardization of out of to period that We they selected provide time, each simple required rolls the or least a
of an of and the collected is et be and the accurate data Some assist. need on written XX% particularly a is one more may fact staff out, and have routine basis. to files The IT technology systems even don't and e-mails It extracted be if than cetera. you files the department that suppliers supplier consider complex, to or
assist it we what platform. our We to set understand required, navigate up collect data is in and it that. We the supplier
advance begin at onboarding line to has from initial We a identifying connected, be in resulted Once billing. we vendors remember, continue which speed the revenue. suppliers. months, our time The XX year can to increasing the which platform, was if we can to monthly you
we've the hubs, reduce represents The today, now half. for to the likely the of recurring FDA is that that annualized that market us. time X,XXX revenue suppliers forces period can't implementation. number of trajectory even sheer pressure of contracted we enroll required to As to of in in their project more. The Again, cut automation are hubs by $XX full million adoption
wholesalers the retailers, way, increases and our hubs, significant very ARR. we of Why? quarter-by-quarter, as current to by call market we the others, attractive scale The will However, additional penetration them. is you in believe see
have already in in them their up most traceability easier. That traceability because of -- even the some Well, in network. job suppliers we of and ReposiTrak makes many cases, getting running
why Our retailers very, additional not but about talking everyone systems. pipeline and others an a have only That's that and will multiple we're suppliers onboarded. traceability type is we and the mind else likely of thousands current position. and add in doing have tout, it. competitive of wholesalers traceability enviable are say enrolled I'm suppliers very being to deep we to Keep is and
a really not it's game. So zero-sum
traceability are is our they supply focus primary chain traceability. and growing, our moment, at the businesses augment While also compliance
can our have compliance do both customers positioned well services with. our problems chain we still solutions, are that and of supply provide traceability assist to suite While
So summarize. let me
our our growth execution profitability to of could that rate. recurring ability won't speed have We moderate prioritizing great care take maximizing prefer increasing deliver will current allow growth enrollment the and continue We current The We to our our customers. customers. rate, for effect jeopardize revenue a will that. inevitable over of
so will be back better to cash stock, buy long continue confidence. our maintain the to still and and give execution. We more automate We can strategy we customers allocation continue increasing even faster to capital We'll our to at every flawless balances opportunity. dividend, common as deploy paying our preferred continue
that Hopefully, did how shareholders This an record today's seen voted optimistic with increase common Board the may stock you of of dividend another increase XX% as exciting XX%, next has just dividend of earnings I'm John in announce Finally, and all starting release, the have to in press again this, with the both in to and years. common November hear you we the XXXX. XXXX is December as confident can XX, from be IR. going few to proud
that, to for with call like now Operator? open questions. I'd So the
