Track Group Q2 FY22 revenue down 4% to $9.5M; operating income fell to $7,371 from $1.7M

Track Group, Inc.

2023-Q2 EPS reported $0.01 revenue$19,079,775

Revenue $9.5M (down 4% YoY); gross profit $4.5M vs $5.4M.
Operating income $7,371 vs $1.7M; net income attributable to common $0.5M vs $2.2M.
Adjusted EBITDA $1.7M, down from $2.9M; 6M FY22 margin 20.6% vs 28.7%.
Cash $7.1M (down $1.3M from Sep 2021); $2.4M invested in devices and software in 6M FY22.
Company expects FY22 results to trail FY21; cites supply chain, tech investments, and COVID impact.

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