Track Group Q3 FY2026: net income $22.44M on debt-settlement gain; revenue flat

Track Group, Inc.

Revenue $9.09M, flat YoY; monitoring/services revenue $8.51M, up 5.5% on Florida growth.
Net income $22.44M (diluted EPS $0.68) vs $1.43M ($0.12) last year, boosted by $23.46M debt-settlement gain.
Non-GAAP Adjusted EBITDA $1.47M, down 14.1% YoY on delayed Middle East product order.
Refinancing cut debt from ~$47M to $21M, extended maturity 5 years, created ~$27M equity value; equity improved to +$16.4M from -$12.2M.
Launched XC5 GPS device; 61 contract addendums secured; cloud migration expected to save ~$2M annually.

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