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Track Group Posts $22.4 Million Third-Quarter Net Income

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Track Group (TRCK) reported fiscal third-quarter revenue of $9.09 million for the quarter ended June 30, 2026, compared with $9.09 million a year earlier. Net income attributable to common shareholders was $22.44 million, or $0.69 per basic share and $0.68 per diluted share.

The quarter included a $23.46 million gain on troubled debt restructuring. Monitoring and related services revenue increased 5.5% to $8.51 million, while product sales and other revenue declined to $578,225 from $1.02 million.

  • Operating income was $249,849, compared with $750,806 in the prior-year quarter.
  • Non-GAAP adjusted EBITDA was $1.47 million, down from $1.71 million.
  • Cash at June 30 was $8.39 million, versus $4.10 million at September 30, 2025.
  • Total equity was $16.40 million at quarter end, compared with a deficit of $11.54 million at September 30, 2025.
  • The company said it completed refinancing and recapitalization transactions during the quarter and launched its XC5 GPS device.

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