Track Group, Inc. (TRCK) [Rocket]

Overview

Track Group, Inc. (TRCK)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/10/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/10/2023	8-K	Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data
08/01/2023	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
07/17/2023	3	Conrent Invest S.A. (10% Owner) has filed a Form 3 on Track Group, Inc.
07/17/2023	SC 13D/A	Conrent Invest S.A. reports a 15.3% stake in Track Group, Inc.
05/11/2023	10-Q	Quarterly Report for the period ended March 31, 2023
05/11/2023	8-K	Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Sep-30-22	Sep-30-21	Sep-30-20	Sep-30-19	Sep-30-18	Sep-30-17	Sep-30-16	Sep-30-15
Revenues	37.0	39.7	33.9	34.0	30.6	29.7	27.2	20.8
Revenue growth	-6.8%	17.1%	-0.4%	11.3%	2.8%	9.3%	30.8%	69.6%
Cost of goods sold	19.6	18.6	15.2	15.0	13.4	14.1	12.4	8.3
Gross profit	17.4	21.1	18.6	19.0	17.2	15.6	14.8	12.5
Gross margin	46.9%	53.2%	55.0%	55.9%	56.3%	52.5%	54.3%	60.2%
Selling, general and administrative
Sales and marketing	3.0	2.7	2.3	2.3	1.9	2.3	2.3	2.2
Research and development	2.4	1.5	1.2	1.3	0.9	1.8	2.4	1.6
General and administrative	12.5	10.2	10.4	12.2	14.0	12.2	13.0	14.1
EBITA	1.2	7.2	5.0	3.4	0.6	1.8	-3.0	-5.0
EBITA margin	3.2%	18.2%	14.8%	10.0%	2.0%	6.1%	-11.1%	-23.9%
Amortization of intangibles	3.3	2.5	2.2	2.2	2.3	2.4	2.6	2.7
EBIT	-2.1	4.7	2.8	1.2	-1.7	-0.6	-5.6	-7.7
EBIT margin	-5.7%	11.9%	8.1%	3.4%	-5.4%	-2.0%	-20.5%	-36.8%
Pre-tax income	-6.5	4.2	0.7	-1.7	-4.8	-4.2	-8.5	-5.6
Income taxes	0.9	0.7	0.8	0.9	0.6	0.5	0.0	0.0
Tax rate		17.2%	117.6%				0.0%	0.4%
Net income	-7.4	3.4	-0.1	-2.6	-5.4	-4.7	-8.5	-5.7
Net margin	-20.0%	8.7%	-0.4%	-7.5%	-17.8%	-15.9%	-31.2%	-27.3%

Diluted EPS	($0.64)	$0.29	($0.01)	($0.23)	($0.51)	($0.45)	($0.83)	($0.56)
Shares outstanding (diluted)	11.6	12.0	11.4	11.2	10.7	10.4	10.3	10.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.