Track Group Q3 FY25 revenue down 1% YoY to $9.1mln.

• Track Group reports Q3 FY25 revenue of $9.1M, a 1% decrease YoY. • Gross profit increases 8% to $4.6M. • Operating income is $0.8M, compared to a loss of $0.5M in Q3 FY24. • Net income attributable to shareholders is $1.4M, up from a net loss of $0.9M in Q3 FY24.

Naperville, Ill., Aug. 08, 2025 (GLOBE NEWSWIRE) — Track Group, Inc. (OTCQB: TRCK), a global leader in offender tracking and monitoring services, today announced its financial results for the third quarter of fiscal year 2025 (Q3 FY25). The company reported a total revenue of $9.1 million, marking a 1% decrease year-over-year (YoY) compared to $9.2 million in Q3 FY24 [1].

Gross profit for the quarter increased by 8% to $4.6 million, up from $4.3 million in Q3 FY24. This improvement was driven by reduced monitoring center costs and device repair costs, partially offset by a decrease in revenue [1].

Operating income for Q3 FY25 was $0.8 million, a significant improvement from an operating loss of $0.5 million in Q3 FY24. The rise in operating income was primarily due to a decrease in cost of revenue and operating expenses [1].

Net income attributable to shareholders in Q3 FY25 was $1.4 million, up from a net loss of $0.9 million in Q3 FY24. This increase was driven by the company's strategic focus on cost control and operational excellence [1].

Track Group's CEO, Derek Cassell, commented, "In the quarter ended June 30, 2025, we continued to realize the benefits of our long-term strategy, delivering strong financial performance driven by focused execution. Gross profit increased 8% year-over-year ($4.6M vs $4.3M in Q3 FY24), underscoring the strength of our high-value/high-margin portfolio and commitment to operational excellence. Adjusted EBITDA reached $1.8M in Q3 FY25, up 14% from $1.6M in Q3 FY24, reflecting sustained momentum in cost control and strategic focus" [1].

The company's cash balance increased by 37% to $4.9 million at June 30, 2025, compared to $3.6 million at September 30, 2024. This increase was primarily due to an increase in operating income, a decrease in payments to vendors, and proceeds from the sale of the Chilean subsidiary [1].

Track Group enters the second half of FY25 with momentum fueled by the execution of key strategic initiatives launched over the past year. These maneuvers, including targeted reinvestments in technology platforms, streamlined operational processes, and enhanced customer programs, are now translating into measurable improvements in EBITDA, gross profit, and operating income [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/08/3130238/0/en/Track-Group-Reports-3rd-Quarter-Fiscal-2025-Financial-Results.html