Guy Riegel's questions to Repositrak Inc (TRAK) leadership • Q3 2025
Question
Guy Riegel of Ingalls & Snyder inquired about the timeline for becoming a full cash taxpayer and the expected rate, and also asked for details on potential new products to be launched over the next few years.
Answer
Executive John Merrill explained that with $8-9 million in remaining NOLs, the company is close to becoming a full taxpayer but could not yet provide a specific future rate, noting they are exploring R&D tax credits. Executive Randall Fields described the new product strategy as focusing on 'adjacencies' to their current offerings, such as recall management for traceability or enhanced ordering and forecasting tools. He emphasized these would be high-margin additions leveraging their single, efficient technology platform.