Filing Flows › Track Group (TRCK) › Q4 FY24
Track Group (TRCK) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 23, 2024
Track Group (TRCK) reported revenue of $9.7M for the fourth quarter fiscal 2024 (Q4 FY24), +13% from a year earlier and +6% from the quarter before. Operating margin was -2.3%, net loss $309K (3.2% of revenue).
Track Group, Q4 FY24: revenue $9.7M (+13% year over year), operating margin -2.3%, net loss $309K, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | +6% | +13% |
| Operating profit | −$228K | — | — |
| Net earnings | −$309K | — | — |
| Operating cash flow | $3.4M | — | +263% |
| Free cash flow | $3.2M | — | +244% |
What changed
Revenue was $9.7M in Q4 FY24, up 13% year over year and up 6% from the previous quarter. Monitoring and Other Related Services was the largest line at 95% of revenue.
Gross margin was 48.9%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $228K, an operating margin of -2.3%. Operating expenses grew 25% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+304%). The quarter ended with a net loss of $309K, narrower than the previous quarter's $870K loss. Net interest and other expense of $317K was the main reason.
Operating cash flow was $3.4M (up 263% year over year). Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $2.7M. Capital expenditures of $184K left free cash flow of $3.2M.
Questions
What was Track Group's revenue in the fourth quarter fiscal 2024?
Track Group (TRCK) reported revenue of $9.7M for the fourth quarter fiscal 2024 (Q4 FY24), +13% from a year earlier and +6% from the quarter before.
Was Track Group profitable in the fourth quarter fiscal 2024?
Operating loss was $228K (-2.3% of revenue) and net loss $309K.
Source: Track Group 10-K on SEC EDGAR.