earnings
confidence high
sentiment negative
materiality 0.75
Track Group Q1 revenue up 2% to $9.6M; net loss reversal of $0.3M, operating income down 58%
Track Group, Inc.
2023-Q1 EPS reported
-$0.03
revenue$9,595,656
- Revenue $9.6M (+2% YoY); operating income $0.6M (-58% YoY).
- Net loss attributable to common shareholders $0.3M vs net income $1.3M in prior year.
- Adjusted EBITDA $2.2M (-17% YoY); margin 22.9% vs 28.2%.
- Cash balance $8.6M (+47% YoY).
- Management cites supply chain, 3G-to-5G transition as headwinds; FY22 results expected below FY21.