Track Group sells Chile subsidiary for $1.0M to Inversiones Santa Hortensia

Track Group, Inc.

Sale price $1.0M cash; estimated loss on sale of approx. $1.245M per pro forma.
Company will continue to supply tracking devices and license Track Group trademark to Chile entity.
Pro forma revenue for FY2023 drops from $34.5M to $30.5M after eliminating Chile operations.
Transaction closed Nov 1, 2024; part of strategy to partner with local in-country firms.

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