---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034958"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T09:40:37.199933+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Track Group FY2023 revenue down 6.7% to $34.5M; net loss narrows to $3.4M

## Summary
- Operating loss improved to ($1.5M) from ($2.1M) in FY2022.
- Adjusted EBITDA fell to $3.8M (11.1% margin) vs $6.6M (18.0%) prior year.
- Cash balance $4.1M at year-end; down from $5.3M due to technology reinvestment.
- FY2024 guidance: revenue $37-40M, adj. EBITDA margin 17-19%.
- CEO cites robust new contracts and bail reform trends for expected growth.

## SEC filing metadata
- accession: 0001437749-23-034958
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045942/000143774923034958/0001437749-23-034958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000143774923034958/trkg20231213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034958
- JSON: https://secwatch.observer/filing/0001437749-23-034958.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034958.txt

## Key facts
- Earnings Releases
  Track Group, Inc. reported FY 2024 results: revenue $ 37-40 M. Guidance initiated.
  - Period: FY 2024
  - Revenue: $ 37-40 M
  - Guidance: initiated
  - Result: preliminary results
  source text: its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22 operating loss of ($2.1M); and (iii) net loss attributable to common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000143774923034958/0001437749-23-034958-index.htm
- Earnings Releases
  Track Group, Inc. reported fiscal year ended September 30, 2023 results: revenue $34.5 Million, net income ($3.4M). Guidance reaffirmed.
  - Period: fiscal year ended September 30, 2023
  - Revenue: $34.5 Million
  - Net income: ($3.4M)
  - Guidance: reaffirmed
  - Result: reported results
  source text: tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000143774923034958/0001437749-23-034958-index.htm

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