Randall K. Fields Reports Q3 Revenue of $5.9M

Reports Q3 revenue $5.9M, one estimate $5.9M. Randall K. Fields, CEO, commented: "The FDA's traceability initiative has effectively erased the lines between our disparate product offerings. What were once distinct business lines increasingly operate as a single, comprehensive food safety platform, a solution that is unrivaled in the industry. That convergence is a meaningful strategic advantage, because no one else delivers all of these capabilities in a single platform. This creates advantages in cross-selling across all layers of the industry, from growers to suppliers, wholesalers and retailers. During the quarter, we filed two patent applications covering our Touchless Traceability(TM) solution, creating a durable competitive moat around the only approach that delivers FDA-compliant traceability at scale. With deployments already in production at a leading grocer and a major Southern wholesaler, Touchless Traceability is establishing a new standard for accuracy and efficiency. These two customers are the only two companies in the world we are aware of that can track products from the supplier to their distribution center to their retail stores without ever having to touch or scan the product."