---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016141"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T01:49:45.284438+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Track Group Q2 FY24 revenue $9.0M (+8% YoY); net loss widens to $1.9M; guides FY24 rev $37-38M

## Summary
- Revenue $9.0M, up 8% YoY from $8.3M; gross profit $4.0M, up 6%.
- Net loss attributable to common shareholders $1.9M vs $1.5M YoY; includes $0.5M contract dispute accrual.
- Adjusted EBITDA $0.8M vs $0.5M YoY; cash $3.6M, down 10% from Sept 2023.
- FY2024 guidance: revenue $37-38M (FY2023 $34.5M), Adj. EBITDA margin 11-15%.
- Growth driven by Illinois, Canada, Brazil; partially offset by Michigan, Chile declines.

## SEC filing metadata
- accession: 0001437749-24-016141
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045942/000143774924016141/0001437749-24-016141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000143774924016141/trkg20240503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016141
- JSON: https://secwatch.observer/filing/0001437749-24-016141.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016141.txt

## Key facts
- Earnings Releases
  Track Group, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $9.0 Million. Guidance reaffirmed.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $9.0 Million
  - Guidance: reaffirmed
  - Result: reported results
  source text: the Company posted (i) total revenue of $9.0 Million ("M"), an increase of approximately 8% over total revenue of $8.3M for the quarter ended March 31, 2023 ("Q2 FY23"); (ii) Q2 FY24 gross profit of $4.0M also representing an increase of approximately 6% over Q2 FY23 of $3.7M; (iii) Q2 FY24 operating loss of ($1.0M) compared to Q2 FY23 operating loss of ($0.9M); and (iv) net loss attributable to common shareholders of ($1.9M) in Q2 FY24 compared to ($1.5M) in Q2 FY23.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000143774924016141/0001437749-24-016141-index.htm

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