earnings
confidence high
sentiment negative
materiality 0.65
Track Group Q3 FY22 revenue down 13% to $9.0M; swings to net loss of $3.6M
Track Group, Inc.
2023-Q3 EPS reported
-$0.30
revenue$28,053,857
- Revenue of $9.0M, down 12.6% YoY from $10.3M; operating loss of ($0.53M) vs income of $1.3M.
- Net loss attributable to common shareholders of $3.6M vs net income of $1.2M in Q3 FY21.
- Adjusted EBITDA fell to $1.3M from $2.8M; cash balance $4.9M, down from $8.4M at Sep 30, 2021.
- Management expects revenue rebound in 60-120 days as supply chain eases; FY22 will not match FY21, FY23 growth expected.