Track Group Reports Fiscal 2025 Financial Results

Core Insights - Track Group, Inc. reported a total revenue of $35.2 million for FY25, reflecting a decrease of approximately 5.0% compared to FY24 revenue of $36.9 million [1][6] - The company achieved an operating income of $1.2 million in FY25, a significant improvement from an operating loss of $1.9 million in FY24 [1][6] - The net loss attributable to common shareholders decreased to $1.9 million in FY25 from $3.1 million in FY24, indicating improved financial performance [1][6] Financial Highlights - Total revenue for FY25 was $35.2 million, down from $36.9 million in FY24, primarily due to a reduction in monitoring assignments in Virginia and Washington D.C., and the sale of the Chilean subsidiary [6] - Gross profit increased to $17.5 million in FY25, up approximately 2% from $17.2 million in FY24, driven by lower monitoring center and communication costs [6] - Adjusted EBITDA for FY25 was $5.8 million, an increase from $5.4 million in FY24, with the adjusted EBITDA margin rising to 16.4% from 14.6% [6][18] Business Outlook - The company anticipates revenue growth in FY26, projecting revenue between $38 million and $39 million, supported by recent contract wins and a solid pipeline [2][4] - The strategic focus on reinvestment and program expansion is expected to drive continued improvements in gross profit and operating income [4] - The preliminary outlook for FY26 includes an expected adjusted EBITDA margin of 18% to 19% [4]