Expansion in the US Market
Secured over 30 new electronic monitoring contracts in the US since mid-2024, entering 12 new states and forming 14 partnerships with regional service providers.
International Growth
Awarded a $7 million national electronic monitoring project in Germany, displacing a vendor that had served the German government for over 20 years.
Financial Performance Improvement
Achieved gross margins of 60.8%, up from 45.6% a year ago, and operating income surged to $640,000 from $30,000 in Q3 of last year.
Strategic Debt Reduction
Reduced net debt by nearly $25 million over the past two years, enhancing financial flexibility.
Record EBITDA Growth
EBITDA doubled to $2.2 million from $1.1 million in 2024, reflecting an EBITDA margin of 34.6%.