secwatch.observer — SEC 8-K summary
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Issuer:     Track Group, Inc. (TRCK)
CIK:        0001045942
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001437749-24-003440
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045942/000143774924003440/0001437749-24-003440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045942/000143774924003440/trkg20240202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-003440

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer