Track Group Q1 revenue $9.0M, up 1% YoY; FY24 guidance $37-40M revenue

Track Group, Inc.

2024-Q1 EPS reported $0.00 revenue$8,966,972

Total revenue $9.0M (+1% YoY, +4% sequentially); gross profit $4.2M (+1% YoY, +13% sequentially).
Operating loss ($0.2M) vs ($0.1M) YoY; net income $461 vs $36,384 YoY.
Adjusted EBITDA $1.1M (12% margin) vs $1.2M (13%) YoY; cash $3.7M.
FY2024 guidance: revenue $37-40M, adjusted EBITDA margin 17-19%.
Growth from Illinois, Canada, Brazil; offset by declines in Puerto Rico, Chile, Saudi Arabia.

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 0.9

Track Group, Inc. reported fiscal quarter ended December 31, 2023 results: revenue $9.0 Million, net income $461. Guidance reaffirmed.

Period: fiscal quarter ended December 31, 2023
Revenue: $9.0 Million
Net income: $461
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2023 (“Q1 FY24”). In Q1 FY24, the Company posted (i) total revenue of $9.0 Million (“M”), an increase of approximately 1% over total revenue of $8.9M for the quarter ended December 31, 2022 (“Q1 FY23”); (ii) Q1 FY24 gross profit of $4.2M also representing an

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Source: SEC EDGAR

accession 0001437749-24-003440

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