---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003440"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:13:33.540949+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Track Group Q1 revenue $9.0M, up 1% YoY; FY24 guidance $37-40M revenue

## Summary
- Total revenue $9.0M (+1% YoY, +4% sequentially); gross profit $4.2M (+1% YoY, +13% sequentially).
- Operating loss ($0.2M) vs ($0.1M) YoY; net income $461 vs $36,384 YoY.
- Adjusted EBITDA $1.1M (12% margin) vs $1.2M (13%) YoY; cash $3.7M.
- FY2024 guidance: revenue $37-40M, adjusted EBITDA margin 17-19%.
- Growth from Illinois, Canada, Brazil; offset by declines in Puerto Rico, Chile, Saudi Arabia.

## SEC filing metadata
- accession: 0001437749-24-003440
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2024-02-08T23:59:59+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/1045942/000143774924003440/0001437749-24-003440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000143774924003440/trkg20240202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003440
- JSON: https://secwatch.observer/filing/0001437749-24-003440.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003440.txt

## Key facts
- Earnings Releases
  Track Group, Inc. reported fiscal quarter ended December 31, 2023 results: revenue $9.0 Million, net income $461. Guidance reaffirmed.
  - Period: fiscal quarter ended December 31, 2023
  - Revenue: $9.0 Million
  - Net income: $461
  - Guidance: reaffirmed
  - Result: reported results
  source text: and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2023 (“Q1 FY24”). In Q1 FY24, the Company posted (i) total revenue of $9.0 Million (“M”), an increase of approximately 1% over total revenue of $8.9M for the quarter ended December 31, 2022 (“Q1 FY23”); (ii) Q1 FY24 gross profit of $4.2M also representing an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000143774924003440/0001437749-24-003440-index.htm

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