Track Group Q3 FY24 revenue $9.2M (+6% YoY); adjusted EBITDA $1.6M (+44%)

Track Group, Inc.

2024-Q3 EPS reported $0.23 revenue$27,143,222

Revenue $9.2M vs $8.7M Q3 FY23; gross profit $4.3M (+17%).
Operating loss ($0.5M) vs ($0.3M) a year ago; net loss ($0.9M) vs ($0.7M).
Adjusted EBITDA $1.6M vs $1.1M; 9M FY24 adjusted EBITDA margin 13% vs 11%.
Cash fell to $1.9M from $4.1M at Sept 30, 2023, due to lower operating cash flow.
FY24 guidance: revenue $37-38M, adjusted EBITDA margin 11-15%.

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