Track Group, Inc. — fact timeline

Track Group, Inc. reported fiscal quarter ended March 31, 2026 results: revenue $8.9 Million, net income ($0.7M).

“In Q2 FY26, the Company posted (i) total revenue of $8.9 Million (“M”), an increase of approximately 7% over total revenue of $8.4M for the quarter ended March 31, 2025 (“Q2 FY25”); (ii) Q2 FY26 gross profit of $4.5M representing an increase of approximately 9% over Q2 FY25 gross profit of $4.1M; (iii) Q2 FY26 operating income of $0.41M, representing an increase of approximately 830% over Q2 FY25 operating income of $0.04M; (iv) Q2 FY26 Non-GAAP Adjusted EBITDA of $1.55M, representing an increase of approximately 18% over Q2 FY25 Non-GAAP Adjusted EBITDA of $1.32M and (v) Q2 FY26 net income (loss) attributable to common shareholders of ($0.7M), representing a decrease of 38% over Q2 FY25 net income (loss) attributable to common shareholders of ($0.5M).”

Track Group, Inc. issued 750,000 warrants to purchase common stock of warrant to certain accredited investors for Issued in connection with private placement; no separate consideration; aggregate gross proceeds of $10,315,000 for the offering.

“Shares ”) at a price per PIPE Share of $0.35, and (ii) 750,000 warrants to purchase shares of Common Stock (the “ PIPE Warrants ”). for aggregate gross proceeds of approximately $10,315,000. The PIPE Shares and PIPE Warrants sold in the Offering are sometimes hereafter referred to as, the “ Securities. ” The Company intends to use the proceeds from the Offering for”

Track Group, Inc. issued 29,471,429 shares of common stock of common stock to certain accredited investors for $0.35 per share for aggregate gross proceeds of approximately $10,315,000.

“29,471,429 shares of the Company’s common stock, par value $0.0001 per share (“ Common Stock ”) (the “ PIPE Shares ”) at a price per PIPE Share of $0.35, and (ii) 750,000 warrants to purchase shares of Common Stock (the “ PIPE Warrants ”).”

Track Group, Inc.: Increased authorized shares of Common Stock from 30,000,000 to 60,000,000 (effective 2026-04-30).

“The Certificate of Amendment increased the total number of shares of Common Stock authorized for issuance thereunder from 30,000,000 shares to 60,000,000 shares, effective April 30, 2026.”

Track Group, Inc. incurred credit facility of $24.0 million credit facility consisting of a $21.0 million term loan, a $2.0 million revolving line of credit, and a $1 with Chatham Capital Management, LLC at 13.5% per annum overall (11.0% cash, 2.5% PIK), increasing to 15.5% if interest maturing April 30, 2031.

“On April 30, 2026, the Company and certain subsidiaries of the Company (together with the Company, collectively, the “ Borrowers ”) entered into a Credit Agreement (the “ Credit Agreement ”) by and among the Borrowers, the lenders from time to time party thereto (the “ Lenders ”), and Chatham Capital Management, LLC, as administrative agent for the Lenders (the “ Administrative Agent ”). Pursuant to the Credit Agreement, the Lenders extended a credit facility in the maximum aggregate principal amount of $24.0 million, consisting of (a) a term loan (the “ Term Loan ”) in the principal amount of $21.0 million, which was funded in full on April 30, 2026, (b) a revolving line of credit in the principal amount of $2.0 million and (c) an interest line loan facility (the “ Interest Line Loan Facility ”) in the principal amount of $1.0 million.”

Track Group, Inc. entered into Purchase Agreement with certain accredited investors valued at approximately $10,315,000 (effective 2026-04-30).

“On April 30, 2026, Track Group, Inc., a Delaware corporation (the “ Company ”), entered into Securities Purchase Agreements (the “ Purchase Agreement ”) with certain accredited investors (the “ Investors ”), for the private placement (the “ Private Placement ”) of (i) 29,471,429 shares of the Company’s common stock, par value $0.0001 per share (“ Common Stock ”) (the “ PIPE Shares ”) at a price per PIPE Share of $0.35, and (ii) 750,000 warrants to purchase shares of Common Stock (the “ PIPE Warrants ”). for aggregate gross proceeds of approximately $10,315,000.”

Matthew Powalski was appointed as Director at Track Group, Inc..

“the Board of the Company appointed Matthew Powalski as a member of the Board, effective immediately.”

Kyle Kidd was appointed as Director at Track Group, Inc..

“the Board of the Company appointed Kyle Kidd as a member of the Board, effective immediately.”

Jacob Saour was appointed as Director at Track Group, Inc..

“the Board of the Company appointed Jacob Saour as a member of the Board, effective immediately.”

Denver Smith was appointed as Director at Track Group, Inc..

“the Board of the Company appointed Denver Smith as a member of the Board, effective immediately.”

Peter Poli resigned as Director at Track Group, Inc..

“Karen Macleod and Peter Poli submitted their resignations as members of the Board of Directors of the Company”

Karen Macleod resigned as Director at Track Group, Inc..

“Karen Macleod and Peter Poli submitted their resignations as members of the Board of Directors of the Company”

Karim Sehnaoui resigned as Director at Track Group, Inc..

“On June 6, 2025, Mr. Karim Sehnaoui, a Director of Track Group, Inc. (the “ Company ”) resigned from his position as a member of the Board of Directors of the Company, effective immediately.”

Track Group, Inc.: Amended bylaws to eliminate physical stock certificates and provide for dematerialization of securities (effective 2025-02-10).

“On February 10, 2025, the Board of Directors (the “ Board ”) of Track Group, Inc. (the “ Company ”) approved an amendment (the “ Amendment ”) to the Company’s Bylaws to amend the provisions relating to certificates of stock and to provide for the dematerialization of the Company’s securities.”

Track Group, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $9.0 Million. Guidance reaffirmed.

“the Company posted (i) total revenue of $9.0 Million ("M"), an increase of approximately 8% over total revenue of $8.3M for the quarter ended March 31, 2023 ("Q2 FY23"); (ii) Q2 FY24 gross profit of $4.0M also representing an increase of approximately 6% over Q2 FY23 of $3.7M; (iii) Q2 FY24 operating loss of ($1.0M) compared to Q2 FY23 operating loss of ($0.9M); and (iv) net loss attributable to common shareholders of ($1.9M) in Q2 FY24 compared to ($1.5M) in Q2 FY23.”

James Berg was appointed as Chief Financial Officer at Track Group, Inc..

“James Berg, current Controller of the Company, was appointed to serve as the Chief Financial Officer of the Company beginning April 1, 2024.”

Peter Poli was appointed as member of the Board of Directors at Track Group, Inc..

“Mr. Poli will be appointed as a member of the Board of Directors of the Company, effective April 1, 2024”

Peter Poli resigned as Chief Financial Officer at Track Group, Inc..

“Peter Poli, Chief Financial Officer of Track Group, Inc. (the “ Company ”), has informed the Company of his intention to resign from his position as Chief Financial Officer of the Company, effective March 31, 2024.”

Track Group, Inc. entered into Sales, Licensing, Maintenance, and Services Agreement with Marion County Community Corrections Agency (effective 2024-03-11).

“Track Group, Inc. (the “ Company ”) entered into a new multi-year Sales, Licensing, Maintenance, and Services Agreement (the “ Agreement ”) with Marion County Community Corrections Agency, by and through the Marion County Community Corrections Board (collectively, “ Marion County ”)”

Track Group, Inc. reported fiscal quarter ended December 31, 2023 results: revenue $9.0 Million, net income $461. Guidance reaffirmed.

“and monitoring services, today announced financial results for its fiscal quarter ended December 31, 2023 (“Q1 FY24”). In Q1 FY24, the Company posted (i) total revenue of $9.0 Million (“M”), an increase of approximately 1% over total revenue of $8.9M for the quarter ended December 31, 2022 (“Q1 FY23”); (ii) Q1 FY24 gross profit of $4.2M also representing an”

Track Group, Inc. reported FY 2024 results: revenue $ 37-40 M. Guidance initiated.

“its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22 operating loss of ($2.1M); and (iii) net loss attributable to common”

Track Group, Inc. reported fiscal year ended September 30, 2023 results: revenue $34.5 Million, net income ($3.4M). Guidance reaffirmed.

“tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2023 (“FY23”). In FY23, the Company posted (i) total revenue of $34.5 Million (“M”), a decrease of approximately 6.7% over total revenue of $37.0M for the year ended September 30, 2022 (“FY22”); (ii) FY23 operating loss of ($1.5M) compared to FY22”

Track Group, Inc. reported its fiscal quarter ended June 30, 2023 ("Q3 FY23") results: revenue $8.7 Million, net income net loss attributable to common shareholders of ($0.7M). Guidance reaffirmed.

“tracking and monitoring services, today announced financial results for its fiscal quarter ended June 30, 2023 (“Q3 FY23”). In Q3 FY23, the Company posted (i) total revenue of $8.7 Million (“M”), a decrease of approximately 3% over total revenue of $9.0M for the quarter ended June 30, 2022 (“Q3 FY22”); (ii) Q3 FY23 operating loss of ($0.3M) compared to Q3 FY22”

Track Group, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $8.3 Million, net income ($1.5M). Guidance lowered.

“today announced financial results for its fiscal quarter ended March 31, 2023 (“Q2 FY23”). In Q2 FY23, the Company posted (i) total revenue of $8.3 Million (“M”), a decrease of approximately 12% over total revenue of $9.5M for the quarter ended March 31, 2022 (“Q2 FY22”); (ii) Q2 FY23 operating loss of ($0.9M) compared to Q2 FY22 operating income of $0.0M; and (iii) net loss attributable to common shareholders of ($1.5M) in Q2 FY23 compared to a net income attributable to common shareholders of $0.5M in Q2 FY22.”

Track Group, Inc. amended Amended Facility Agreement with Conrent Invest S.A. valued at €225,000 in installments (effective 2023-04-28).

“On April 26, 2023, Track Group, Inc. (the " Company ") and Conrent Invest S.A., acting on behalf of its compartment, "Safety 2" (" Conrent "), entered into an amendment to the facility agreement (the " Amendment ") originally executed by and between the parties on December 30, 2013, as amended on June 30, 2015, July 19, 2018, February 24, 2019, January 10, 2020 and December 21, 2020 (the " Amended Facility Agreement "), containing certain provisions of the Company's existing $42.864 million unsecured debt facility.”

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.

“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”)”

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

“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 %”

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).

“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.”

Guy Dubois resigned as Chairman of the Board of Directors at Track Group, Inc..

“On December 8, 2022, Mr. Guy Dubois, the current Chairman of the Board of Directors of Track Group, Inc. (the “ Company ”) resigned from his position as a member of the Board of Directors of the Company, and as Chairman, effective December 31, 2022.”