Filing Flows › Track Group (TRCK) › Q2 FY25
Track Group (TRCK) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 14, 2025
Track Group (TRCK) reported revenue of $8.4M for the second quarter fiscal 2025 (Q2 FY25), -7% from a year earlier and -4% from the quarter before. Operating margin was 0.5%, net loss $517K (6.2% of revenue).
Track Group, Q2 FY25: revenue $8.4M (-7% year over year), operating margin 0.5%, net loss $517K, operating cash flow $488K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4M | -4% | -7% |
| Operating profit | $44K | — | — |
| Net earnings | −$517K | — | — |
| Operating cash flow | $488K | — | -65% |
| Free cash flow | $138K | — | -88% |
What changed
Revenue was $8.4M in Q2 FY25, down 7% year over year and down 4% from the previous quarter. Monitoring and Other Related Services was the largest line at 94% of revenue. Monitoring and Other Related Services lost $891K year over year (down 10%), 139% of the total change.
Gross margin was 49.3%, up 5.1 points from a year earlier. Operating profit was $44K, a 0.5% margin (up 11.2 points year over year). Operating expenses fell 17% while revenue fell 7%. The fastest-growing cost line was Sales & marketing (+19%). The quarter ended with a net loss of $517K, narrower than the previous quarter's $2.0M loss. Net interest and other expense of $531K was the main reason.
Operating cash flow was $488K (down 65% year over year). Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $55K. Capital expenditures of $350K left free cash flow of $138K.
Questions
What was Track Group's revenue in the second quarter fiscal 2025?
Track Group (TRCK) reported revenue of $8.4M for the second quarter fiscal 2025 (Q2 FY25), -7% from a year earlier and -4% from the quarter before.
Was Track Group profitable in the second quarter fiscal 2025?
Operating profit was $44K (0.5% of revenue) and net loss $517K.
Source: Track Group 10-Q on SEC EDGAR.