---
schema_version: "secwatch.filing_event.v1"
accession: "0001851734-23-000041"
form_type: "8-K"
ticker: "TRCK"
cik: "0001045942"
company_name: "Track Group, Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:07:40.848062+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Track Group Q1 FY23 revenue down 8% to $8.9M; operating loss; FY23 guidance $38-41M

## Summary
- Revenue $8.9M, down 8% YoY; operating loss ($0.1M) vs operating income $0.6M prior year.
- Adjusted EBITDA $1.2M (13.3% margin) vs $2.2M (22.9% margin) in Q1 FY22.
- Net income attributable to common ~$0.0M vs net loss ($0.3M) prior year; cash $5.5M.
- FY23 guidance: revenue $38-41M, adjusted EBITDA margin 19-21%; CEO expects growth from new programs.

## SEC filing metadata
- accession: 0001851734-23-000041
- form_type: 8-K
- ticker: TRCK
- cik: 0001045942
- company_name: Track Group, Inc.
- filed_at: 2023-02-09T23:59:59+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/1045942/000185173423000041/0001851734-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045942/000185173423000041/trkg20230207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001851734-23-000041
- JSON: https://secwatch.observer/filing/0001851734-23-000041.json
- Plain text: https://secwatch.observer/filing/0001851734-23-000041.txt

## Key facts
- Earnings Releases
  Track Group, Inc. reported fiscal quarter ended December 31, 2022 ("Q1 FY23") results: revenue $8.9 Million ("M"), net income just over $0.0M. Guidance reaffirmed.
  - Period: fiscal quarter ended December 31, 2022 ("Q1 FY23")
  - Revenue: $8.9 Million ("M")
  - Net income: just over $0.0M
  - Guidance: reaffirmed
  - Result: reported results
  source text: Track Group Reports 1st Quarter Fiscal 2023 Financial Results NAPERVILLE, ILLINOIS – Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2022 (“Q1 FY23”). In Q1 FY23, the Company posted (i) total revenue of $8.9 Million (“M”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045942/000185173423000041/0001851734-23-000041-index.htm

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