GPS device maker Track Group's FY25 revenue falls 5% on subsidiary sale
Overview
Offender tracking firm's FY25 revenue fell 5% due to Chilean subsidiary sale
Company's FY25 operating income improved
FY25 adjusted EBITDA rose, driven by increased gross profit and decreased expenses
Outlook
Track Group expects FY26 revenue between $38 mln and $39 mln
Company projects FY26 adjusted EBITDA margin of 18% to 19%
Result Drivers
REVENUE DECLINE - Revenue decreased due to the sale of the Chilean subsidiary and fewer monitored individuals in Virginia and Washington D.C.
COST MANAGEMENT - Gross profit increased due to lower monitoring center and communication costs, despite revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| $35.20 mln |
|
FY Adjusted EBITDA |
| $5.80 mln |
|
FY Gross Profit |
| $17.50 mln |
|
Press Release: ID:nGNX6wvlXw
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