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

Track

13/02/2026 16:11

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

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(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.)