secwatch / observer
8-K filed December 28, 2022, 6:59 PM ET ticker TRCK CIK 0001045942
earnings confidence high sentiment negative materiality 0.65

Track Group reports FY22 revenue $37.0M (-7% YoY), operating loss ($2.1M); FY23 guidance $38-41M

Track Group, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Track Group, Inc. reported fiscal year ended September 30, 2022 results: revenue $37.0 Million, net income net loss attributable to common shareholders of ($7.4M).

Period
fiscal year ended September 30, 2022
Revenue
$37.0 Million
Net income
net loss attributable to common shareholders of ($7.4M)
Result
reported results
Exact text from the filing
Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2022 (“FY22”). In FY22, the Company posted (i) total revenue of $37.0 Million (“M”), a decrease of approximately 7% over total revenue of $39.7M for the year ended September 30, 2021 (“FY21”); (ii) FY22 operating loss of ($2.1M) compared to FY21 operating income of $4.7M; and (iii) net loss attributable to common shareholders of ($7.4M) in FY22 compared to net income attributable to common shareholders of $3.4M in FY21.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Track Group, Inc. reported FY23 results: revenue $38-41M. Guidance initiated.

Period
FY23
Revenue
$38-41M
Guidance
initiated
Result
guidance update
Exact text from the filing
As a result, the Company’s preliminary outlook for FY23 is as follows: Actual Outlook FY 2021 FY 2022 FY 2023 Revenue: $ 39.7M $ 37.0M $ 38-41M Adjusted EBITDA Margin: 25.9 % 18.0 % 19-21 %
View on SEC.gov

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Track Group, Inc. filing history →

Source: SEC EDGAR
accession 0001851734-22-000749
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