Track Group's Q1 revenue rises 5.2%, returns to profit

Reuters
02/14
Track Group's Q1 revenue rises 5.2%, returns to profit

Overview

  • Location tracking devices maker's fiscal Q1 revenue rose 5.2% yr/yr to $9.1 mln

  • Net income for fiscal Q1 was $0.5 mln, reversing a $2 mln loss last year

  • Company's gross profit decreased 3.5% due to higher device repair and server costs

Outlook

  • Track Group forecasts FY26 revenue between $38M and $39M

  • Company expects FY26 adjusted EBITDA margin of 18% to 19%

  • Track Group sees strategic reinvestment in technology driving growth in FY26

Result Drivers

  • REGIONAL GROWTH - Revenue growth driven by increased monitoring services in Florida and Illinois

  • SUBSIDIARY IMPACT - Sale of Chilean subsidiary partially offset revenue growth

  • COST INCREASES - Higher device repair and server costs reduced gross profit, partially offset by higher revenue

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

$9.10 mln

Q1 Adjusted EBITDA

$1.22 mln

Q1 Gross Profit

$4.30 mln

Press Release: ID:nGNX42Y0dQ

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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