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Stock impact report

Track Group Reports Fiscal 2024 Financial Results [Yahoo! Finance]

TRACK GROUP INC (TRCK) 
NASDAQ:AMEX Investor Relations: trackgrp.com/investor-relations
Company Research Source: Yahoo! Finance
in offender tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2024 (“FY24”). In FY24, the Company posted (i) total revenue of $36.9 Million (“M”), an increase of approximately 7.0% over total revenue of $34.5M for the year ended September 30, 2023 (“FY23”); (ii) FY24 operating loss of ($1.9M) compared to FY23 operating loss of ($1.5M); and (iii) net loss attributable to common shareholders of ($3.1M) in FY24 compared to net loss attributable to common shareholders of ($3.4M) in FY23. “Fiscal year 2024 marked a strong return to growth for Track Group, with notable increases in revenue, gross profit, and Adjusted EBITDA. This progress reflects the increased use of our products and services in legacy programs and continued expansion through newly awarded contracts domestically and abroad. With a strong pipeline and a commitment to delivering value, we are poised for continued success in fiscal year 2025.” said Derek Cassell, Tra Show less Read more
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