Track Group Q1 FY23 revenue down 8% to $8.9M; operating loss; FY23 guidance $38-41M

Track Group, Inc.

2023-Q1 EPS reported $0.00 revenue$8,855,691

Revenue $8.9M, down 8% YoY; operating loss ($0.1M) vs operating income $0.6M prior year.
Adjusted EBITDA $1.2M (13.3% margin) vs $2.2M (22.9% margin) in Q1 FY22.
Net income attributable to common ~$0.0M vs net loss ($0.3M) prior year; cash $5.5M.
FY23 guidance: revenue $38-41M, adjusted EBITDA margin 19-21%; CEO expects growth from new programs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Track Group, Inc. reported fiscal quarter ended December 31, 2022 ("Q1 FY23") results: revenue $8.9 Million ("M"), net income just over $0.0M. Guidance reaffirmed.

Period: fiscal quarter ended December 31, 2022 ("Q1 FY23")
Revenue: $8.9 Million ("M")
Net income: just over $0.0M
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Track Group Reports 1st Quarter Fiscal 2023 Financial Results NAPERVILLE, ILLINOIS – Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2022 (“Q1 FY23”). In Q1 FY23, the Company posted (i) total revenue of $8.9 Million (“M”)

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Source: SEC EDGAR

accession 0001851734-23-000041

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