---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-003117"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2025-02-07T23:59:59+00:00"
generated_at: "2026-05-27T00:47:50.927597+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Track Group Q1 FY2025: Revenue down 3.3% to $8.7M, net loss $2.0M, adjusted EBITDA up to $1.2M

## Summary
- Total revenue $8.7M in Q1 FY2025, down ~3.3% from $9.0M in Q1 FY2024 due to declines in Michigan, Virginia, and Chile.
- Gross profit $4.4M, up 5.2% YoY; operating income $0.1M compared to operating loss of $0.2M in prior year.
- Adjusted EBITDA $1.2M (14.4% of revenue) vs $1.1M (11.8%) in Q1 FY2024, driven by higher operating income.
- Net loss attributable to common shareholders $2.0M vs net income $0.1M in Q1 FY2024, primarily due to lower revenue and foreign exchange loss.
- Company issues FY2025 outlook: revenue $35M-$36M and adjusted EBITDA margin 14%-15%.

## SEC filing metadata
- accession: 0001437749-25-003117
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2025-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045942/000143774925003117/0001437749-25-003117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000143774925003117/trkg20250205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-003117
- JSON: https://secwatch.observer/filing/0001437749-25-003117.json
- Plain text: https://secwatch.observer/filing/0001437749-25-003117.txt

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