Track Group reports FY24 revenue $36.9M (+7% YoY); Adjusted EBITDA margin 14.6%

Track Group, Inc.

FY24 revenue $36.9M (+7% YoY from $34.5M); gross profit $17.2M (+12.5%).
Net loss attributable to common shareholders improved to ($3.1M) from ($3.4M) in FY23.
Adjusted EBITDA $5.4M (14.6% margin) vs $3.8M (11.1%) in FY23.
Non-recurring charges: $0.8M impairment for assets held for sale, $1.0M contract dispute settlement.
Preliminary FY25 outlook: revenue $35M-$36M, adjusted EBITDA margin 14%-15%.

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