Track Group FY2023 revenue down 6.7% to $34.5M; net loss narrows to $3.4M

Track Group, Inc.

Operating loss improved to ($1.5M) from ($2.1M) in FY2022.
Adjusted EBITDA fell to $3.8M (11.1% margin) vs $6.6M (18.0%) prior year.
Cash balance $4.1M at year-end; down from $5.3M due to technology reinvestment.
FY2024 guidance: revenue $37-40M, adj. EBITDA margin 17-19%.
CEO cites robust new contracts and bail reform trends for expected growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Track Group, Inc. reported FY 2024 results: revenue $ 37-40 M. Guidance initiated.

Period: FY 2024
Revenue: $ 37-40 M
Guidance: initiated
Result: preliminary results

Exact text from the filing

its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22 operating loss of ($2.1M); and (iii) net loss attributable to common

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Track Group, Inc. reported fiscal year ended September 30, 2023 results: revenue $34.5 Million, net income ($3.4M). Guidance reaffirmed.

Period: fiscal year ended September 30, 2023
Revenue: $34.5 Million
Net income: ($3.4M)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

Track Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-034958

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.