Track Group Reports 1st Quarter Fiscal 2021 Financial Results
Monitoring Revenue and Total Revenue up 12%, Record Quarterly Operating Income, Adjusted EBITDA up 50%, Net Loss Turnaround
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NAPERVILLE, Ill., Feb. 10, 2021 /PRNewswire/ Track Group, Inc. (OTC Pink Market: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its first quarter ended December 31, 2020 ( Q1 FY21 ). The Company posted (i) total revenue of $9.4 million, an increase of approximately 12% over total revenue for the same period last year ( Q1 FY20 ); (ii) operating income of $1.4 million, representing an increase of 373% compared to Q1 FY20 operating income of $0.3M; (iii) adjusted EBITDA of $2.7 million in Q1 FY21, up 50% compared to $1.8 million for Q1 FY20; and (iv) net income attributable to common shareholders of $1.3M in Q1 FY21 compared to a net loss of $0.2 million in Q1
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