Track Group, Inc. reported financial results for fiscal year 2025, showing a total revenue of $35.2 million, a 5.0% decrease from the previous year.
Gross profit increased to $17.5 million in FY25, representing a 2% rise compared to FY24, driven by lower costs.
Operating income improved to $1.2 million in FY25 from an operating loss in FY24, showing positive financial performance.
Revenue Decline
FY25 revenue decreased by 5.0% mainly due to the sale of the Chilean subsidiary.
Gross Profit Increase
Gross profit rose to $17.5 million in FY25, a 2% increase compared to FY24.
Adjusted EBITDA Growth
Adjusted EBITDA reached $5.8 million in FY25, showing improvement over FY24.
Cash Balance Rise
Cash balance increased to $4.1 million in FY25, showcasing improved financial stability.
- The decrease in revenue was attributed to fewer people assigned to monitoring in certain regions and the sale of the Chilean subsidiary.
- Operational improvements led to increases in gross profit, operating income, and Adjusted EBITDA, demonstrating positive business growth and efficiency.
- Track Group's strategic focus on investments and program expansion paid off with improved financial metrics and a positive outlook for FY26.
Track Group's fiscal 2025 results highlight the company's resilience and strategic focus, indicating strengthened financial performance and growth prospects for fiscal year 2026.