Track Group has restructured its business through the course of FY15 to create an end-to-end offender monitoring service. Several large contracts support organic growth and management continues to consider further acquisitions to expand the service offering. With debt refinanced and supply-chain processes streamlined, the business is in a stronger position to drive revenue growth, margins and cash flow.
Track Group is aiming to become a one-stop provider of tracking, monitoring and data analytics services with an initial focus on the global offender management market. The company’s revenue is recurring in nature and near-term growth should be supported by the company’s contract with Chilean Gendarmerie. The signing of other major national or state-scale contracts should accelerate growth, while the refinancing of debt should also be a key catalyst for upside.
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