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Track Group, Inc. provides offender tracking and monitoring services, including GPS electronic monitoring programs for government and correctional customers. Company news centers on quarterly and annual financial results, monitoring revenue, gross profit, operating income, Adjusted EBITDA, and net income or loss attributable to common shareholders.
Recurring updates also cover contract activity, regional demand in markets such as Florida and Illinois, reinvestment in core technology, monitoring-center operations, cloud-platform work, device transitions, and changes in international operations such as the sale of its Chilean subsidiary.
Track Group (OTCQB: TRCK) reported third quarter fiscal 2026 revenue of $9.09 million, roughly flat year over year, as 5.5% growth in monitoring and services revenue to $8.51 million was offset by delayed product sales to a Middle Eastern customer. Net income attributable to shareholders rose to $22.44 million from $1.43 million, driven mainly by a $23.46 million gain on troubled debt restructuring, while diluted EPS increased to $0.68. Non-GAAP adjusted EBITDA declined 14.1% to $1.47 million due to lower product sales.
Recapitalization and refinancing reduced total debt from about $47 million to $21 million, cut non-GAAP net debt to $12.9 million, and moved stockholders’ equity from a $(12.2) million deficit to positive $16.4 million. Track Group launched its new XC5 GPS device and began migrating hosting services to a cloud-based system expected to yield about $2 million in annual savings.
Track Group (OTCQB: TRCK) will present at the Planet MicroCap Las Vegas 2026 Powered by MicroCapClub on June 17, 2026 at 5 PM PDT at the Bellagio Resort & Hotel.
CEO Derek Cassell, CMO AJ Gigler, and Chairman Denver Smith will present and join a Q&A session, with a live webcast and in-person 1x1 investor meetings available.
Track Group (OTCQB: TRCK) reported Q2 FY26 results for quarter ended March 31, 2026: revenue $8.9M (+7% YoY), gross profit $4.5M (+9% YoY), operating income $0.41M (up 830% YoY), and Adjusted EBITDA $1.55M (+18% YoY). Cash was $5.1M at quarter end.
Management cited monitoring-center cost savings, expected server-cost annualized savings of ~$2M, completion of a new monitoring device (≈$7M of development capitalized), and said it expects FY26 revenue and underlying profitability growth, excluding one-time recapitalization costs.
Track Group (OTCQB: TRCK) announced completion of a comprehensive recapitalization and refinancing on May 1, 2026, cutting net debt by ~$27 million (~63%) and reducing net leverage from 7.2 to 2.6. The company raised a $10.3 million PIPE at $0.35/share and closed a 5-year $21 million term loan with a $1 million interest line and $2 million ABL revolver.
Interest is fixed at 13.5% (11% cash, 2.5% PIK), mandatory amortization is 0% years 1–2 then 5% thereafter, and annual cash interest savings are projected at ~$200,000.
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%.