Welcome to our dedicated page for Track Group news (Ticker: TRCK), a resource for investors and traders seeking the latest updates and insights on Track Group stock.
Track Group, Inc. (TRCK) is a global leader in offender tracking and monitoring services whose news flow is closely tied to developments in public safety, justice programs, and its financial performance. The company regularly issues detailed updates on its fiscal quarters and full-year results, highlighting trends in monitoring and related services revenue, product sales, gross profit, operating income or loss, net income or loss attributable to common shareholders, and Adjusted EBITDA.
News about Track Group often explains how changes in the number of people assigned to monitoring programs at client sites affect revenue. The company has discussed activity with customers in U.S. jurisdictions such as Illinois, Michigan, Virginia, Indiana, and the District of Columbia, as well as international customers in Chile, the Bahamas, Puerto Rico, Brazil, Canada, and Saudi Arabia. These updates provide context on how program expansions, new contracts, or reductions in monitored populations influence its results.
Investors and observers following TRCK news will see recurring themes such as reinvestment in monitoring technology, enhancements to monitoring centers and cloud platforms, the sale of a Chilean subsidiary, and the impact of supply chain delays, the Coronavirus, and the phase-out of 3G-based cellular devices in the U.S. The company also reports on newly awarded contracts, including statewide pretrial programs and other agreements tied to bail reform and high-risk offender and defendant monitoring.
On this news page, readers can review Track Group’s press releases on quarterly and annual earnings, business outlooks, non-GAAP financial measures like Adjusted EBITDA, and other material announcements referenced in its Form 8-K filings. For anyone tracking offender monitoring technology providers and justice-system program trends, the TRCK news feed offers a focused view of how these factors play out in the company’s operations and financials.
Track Group (OTCQB: TRCK) reported Q1 FY26 results for the quarter ended December 31, 2025: revenue $9.1M (+5.2% vs. Q1 FY25), operating income $0.8M (vs. $0.1M), and net income attributable to common shareholders $0.5M (vs. loss $2.0M). Adjusted EBITDA was $1.21M (13.4% of revenue). Unrestricted cash was $3.6M. The company provided FY26 preliminary outlook of $38M–$39M revenue and 18%–19% adjusted EBITDA margin.
Key drivers included growth in Florida and Illinois assignments, a Chile subsidiary sale, higher device repair and server costs, and a gain from dissolving the Israeli subsidiary.
Track Group (OTCQB: TRCK) reported fiscal year ended September 30, 2025 results showing FY25 revenue of $35.2M, a ~5.0% decline from FY24's $36.9M.
Key operating improvements included gross profit of $17.5M (+~2%), operating income of $1.2M (vs. operating loss of $1.9M in FY24), and Adjusted EBITDA of $5.8M (16.4% of revenue, up from 14.6%). Cash totaled $4.1M at year end. Net loss attributable to common shareholders narrowed to $1.9M from $3.1M, partly offset by higher interest and tax expense.
The company cited lower monitoring assignments in Virginia and Washington, D.C. and the sale of its Chilean subsidiary as drivers of revenue decline. Track Group provided a preliminary FY26 outlook with revenue target $38M–$39M and an Adjusted EBITDA margin of 18%–19%.
Track Group (OTCQB: TRCK), a leader in offender tracking services, reported Q3 FY25 financial results with mixed performance. The company posted revenue of $9.1M, down 1% year-over-year, while achieving significant improvements in profitability metrics.
Key highlights include an 8% increase in gross profit to $4.6M, a substantial improvement in operating income to $0.8M (up 244% YoY), and net income of $1.4M compared to a previous loss of $0.9M. The company's Adjusted EBITDA reached $1.8M, representing a 14% increase from Q3 FY24, with cash position strengthening to $4.9M, up 37% from September 2024.
For FY25, Track Group projects revenue between $34.5M-$35.5M with an Adjusted EBITDA margin of 14.0-18.0%, reflecting their strategic initiatives in technology platform investments and operational streamlining.
Track Group (OTCQB: TRCK) reported Q1 FY25 financial results with mixed performance. Total revenue decreased 3.3% to $8.7 million compared to $9.0 million in Q1 FY24, primarily due to reduced monitoring assignments in Michigan, Virginia, and the sold Chilean subsidiary. However, this was partially offset by increased assignments in Illinois, Puerto Rico, and the Bahamas.
The company showed improvements in several metrics: gross profit increased 5.2% to $4.4 million, operating income improved to $0.1 million from a previous loss of ($0.2M), and Adjusted EBITDA rose to $1.2 million with a margin of 14.4%. Despite these operational improvements, the company reported a net loss of ($2.0M) compared to net income of $461 in the prior year.
For FY25, Track Group projects revenue between $35-36 million with an Adjusted EBITDA margin of 14-15%.
Track Group (OTCQB: TRCK) reported its fiscal year 2024 results with total revenue of $36.9M, up 7.0% from FY23's $34.5M. The company saw increased gross profit of $17.2M, up 12.5% from FY23, driven by higher monitoring assignments in Illinois and the Bahamas. However, Track Group recorded an operating loss of ($1.9M) and a net loss of ($3.1M).
Notable improvements include Adjusted EBITDA of $5.4M (14.6% margin), up from $3.8M (11.1%) in FY23. The company's cash position decreased to $3.6M from $4.1M due to technology reinvestment and settlement payments. For FY25, Track Group projects revenue between $35M-$36M with an Adjusted EBITDA margin of 14-15%.
Track Group (OTCQB: TRCK) reported its Q3 FY24 financial results, showing positive growth in key areas. The company's total revenue increased by 6% to $9.2 million, compared to $8.7 million in Q3 FY23. Gross profit saw a significant rise of 17% to $4.3 million. Notably, Adjusted EBITDA jumped by 44% to $1.6 million.
Despite these improvements, the company reported an operating loss of ($0.5M) and a net loss attributable to common shareholders of ($0.9M). The cash balance decreased by 53% to $1.9 million compared to September 30, 2023. Track Group's CEO, Derek Cassell, expressed optimism about maintaining these positive trends throughout the year. The company's outlook for FY24 projects revenue between $37-38 million and an Adjusted EBITDA margin of 11-15%.
Track Group (OTCQB: TRCK) announced its second-quarter fiscal 2024 financial results, showing a revenue increase of 8% to $9.0 million, up from $8.3 million in Q2 FY23. Gross profit rose 6% to $4.0 million, while the net loss widened to $1.9 million, from $1.5 million in Q2 FY23. The company attributes this growth to increased activity in Illinois, Canada, and Brazil. However, higher device repair costs and a $0.5 million accrued liability from an ongoing contract dispute impacted the operating loss, which increased to $1.0 million from $0.9 million in Q2 FY23. Adjusted EBITDA rose to $0.8 million from $0.5 million in the same period last year. The cash balance declined 10% to $3.6 million, primarily due to negative currency exchange impacts and decreased net cash from operating activities.
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