---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022897"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:19:18.028000+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Track Group Q3 FY23 revenue $8.7M, net loss narrows to $0.7M; FY23 guidance lowered

## Summary
- Revenue $8.7M, down 3% YoY from $9.0M; operating loss improved to ($0.3M) from ($0.5M).
- Net loss attributable to common shareholders ($0.7M) vs ($3.6M) in Q3 FY22, helped by litigation settlement and forex.
- Adjusted EBITDA $1.1M (Q3) vs $1.3M prior year; 9M FY23 margin 10.9% vs 18.8%.
- New statewide pretrial contract awarded: $1.6M annual revenue, $15M over 5 years; mobilization underway.
- FY23 outlook revised: revenue $34-36M, adjusted EBITDA margin 12-14%.

## SEC filing metadata
- accession: 0001437749-23-022897
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045942/000143774923022897/0001437749-23-022897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000143774923022897/trkg20230803_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022897
- JSON: https://secwatch.observer/filing/0001437749-23-022897.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022897.txt

## Key facts
- Earnings Releases
  Track Group, Inc. reported its fiscal quarter ended June 30, 2023 ("Q3 FY23") results: revenue $8.7 Million, net income net loss attributable to common shareholders of ($0.7M). Guidance reaffirmed.
  - Period: its fiscal quarter ended June 30, 2023 ("Q3 FY23")
  - Revenue: $8.7 Million
  - Net income: net loss attributable to common shareholders of ($0.7M)
  - Guidance: reaffirmed
  - Result: reported results
  source text: tracking and monitoring services, today announced financial results for its fiscal quarter ended June 30, 2023 (“Q3 FY23”). In Q3 FY23, the Company posted (i) total revenue of $8.7 Million (“M”), a decrease of approximately 3% over total revenue of $9.0M for the quarter ended June 30, 2022 (“Q3 FY22”); (ii) Q3 FY23 operating loss of ($0.3M) compared to Q3 FY22
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000143774923022897/0001437749-23-022897-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.