---
schema_version: "secwatch.filing_event.v1"
accession: "0001851734-22-000749"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:16:59.664270+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Net loss attributable to common shareholders of ($7.4M) vs net income of $3.4M in FY21.
- Adjusted EBITDA fell to $6.6M (18.0% margin) from $10.3M (25.9%) in FY21.
- Operating loss driven by $1.7M impairment charge from discontinuation of two product lines.
- Cash balance declined to $5.3M from $8.4M; supply chain and 3G phaseout cited as headwinds.
- FY23 preliminary outlook: revenue $38-41M, adjusted EBITDA margin 19-21%.

## SEC filing metadata
- accession: 0001851734-22-000749
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045942/000185173422000749/0001851734-22-000749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000185173422000749/trkg20221228_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-22-000749
- JSON: https://secwatch.observer/filing/0001851734-22-000749.json
- Plain text: https://secwatch.observer/filing/0001851734-22-000749.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000185173422000749/0001851734-22-000749-index.htm
- Earnings Releases
  Track Group, Inc. reported FY23 results: revenue $38-41M. Guidance initiated.
  - Period: FY23
  - Revenue: $38-41M
  - Guidance: initiated
  - Result: guidance update
  source text: 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 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000185173422000749/0001851734-22-000749-index.htm

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