TRCK · Track Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | $33.88M |
| Cost of Revenue | $17.72M | $19.68M | $19.18M | $19.62M | $18.55M | $15.23M |
| Gross Profit | $17.50M | $17.21M | $15.30M | $17.35M | $21.11M | $18.65M |
| R&D | $2.80M | $2.75M | $2.74M | $2.43M | $1.55M | $1.18M |
| SG&A | $8.78M | $11.52M | $10.28M | $12.46M | $10.23M | $10.38M |
| Total Operating Expenses | $16.26M | $19.09M | $16.84M | $19.45M | $16.39M | $15.89M |
| D&A | $3.87M | $4.01M | $4.25M | $4.80M | $4.30M | $3.99M |
| Operating Income | $1.24M | ($1.88M) | ($1.54M) | ($2.10M) | $4.71M | $2.76M |
| Interest Expense | $2.34M | $2.02M | $1.96M | $1.99M | $2.19M | $2.50M |
| Income Tax | $104.1K | ($589.5K) | $627.9K | $883.5K | $717.1K | $793.2K |
| Net Income | ($1.88M) | ($3.08M) | ($3.39M) | ($7.39M) | ($118.6K) | ($118.6K) |
| EPS - Basic | ($0.16) | ($0.26) | ($0.30) | ($0.64) | ($0.01) | - |
| EPS - Diluted | ($0.16) | ($0.26) | $0.30 | ($0.64) | ($0.01) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.10M | $3.57M | $4.06M | $5.31M | $8.42M | $6.76M |
| Accounts Receivable | $6.46M | $4.43M | $4.54M | $6.24M | $7.16M | $5.55M |
| Inventory | $473.5K | $582.5K | $1.29M | $1.05M | $305.2K | $124.6K |
| Accounts Payable | $3.71M | $3.08M | $2.80M | $2.86M | $2.82M | $2.20M |
| Current Assets | $11.38M | $10.19M | $10.49M | $13.65M | $16.89M | $13.30M |
| Total Assets | $40.30M | $37.67M | $40.24M | $44.68M | $53.52M | $47.73M |
| Current Liabilities | $8.60M | $6.45M | $5.68M | $6.36M | $7.70M | $48.07M |
| Long-term Debt | $42.72M | $42.64M | $42.80M | $42.98M | $43.45M | $418.6K |
| Total Liabilities | $51.85M | $49.28M | $48.74M | $49.74M | $51.15M | $48.66M |
| Stockholders' Equity | ($11.54M) | ($11.61M) | ($8.49M) | ($5.05M) | $2.37M | ($920.6K) |
| Retained Earnings | ($315.15M) | ($312.69M) | ($309.61M) | ($306.22M) | ($298.83M) | ($302.27M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.32M | $4.91M | $3.88M | $803.0K | $4.82M | $4.73M |
| Investing Cash Flow | ($4.38M) | ($3.84M) | ($4.56M) | ($3.06M) | ($4.51M) | ($2.94M) |
| Financing Cash Flow | ($63.8K) | ($365.1K) | ($511.5K) | ($515.5K) | $1.38M | ($1.79M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 55.0% |
| Operating margin | - | - | - | - | - | 8.1% |
| EBITDA margin | - | - | - | - | - | 19.9% |
| Net margin | - | - | - | - | - | -0.4% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | 3.5% |
| SG&A / Revenue | - | - | - | - | - | 30.6% |
| Effective tax rate | - | - | - | - | 119.8% | 117.6% |
| Return on assets | -4.7% | -8.2% | -8.4% | -16.5% | -0.2% | -0.2% |
| Return on equity | 16.3% | 26.5% | 39.9% | 146.2% | -5.0% | 12.9% |
| Return on invested capital | 3.2% | -4.8% | -3.6% | -4.4% | 5.1% | - |
| Liquidity | ||||||
| Current ratio | 1.32 | 1.58 | 1.85 | 2.15 | 2.19 | 0.28 |
| Quick ratio | 1.27 | 1.49 | 1.62 | 1.98 | 2.15 | 0.27 |
| Cash ratio | 0.48 | 0.55 | 0.71 | 0.84 | 1.09 | 0.14 |
| Leverage | ||||||
| Debt / Equity | -3.70 | -3.67 | -5.04 | -8.50 | 18.34 | -0.45 |
| Debt / Assets | 1.06 | 1.13 | 1.06 | 0.96 | 0.81 | 0.01 |
| Debt / EBITDA | 8.36 | 20.10 | 15.81 | 15.91 | 4.82 | 0.06 |
| Interest coverage | 0.5x | -0.9x | -0.8x | -1.1x | 2.2x | 1.1x |
| Equity multiplier | -3.49 | -3.24 | -4.74 | -8.84 | 22.59 | -51.85 |
| Liabilities / Assets | 1.29 | 1.31 | 1.21 | 1.11 | 0.96 | 1.02 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | 0.71 |
| Inventory turnover | 37.42 | 33.78 | 14.91 | 18.62 | 60.79 | 122.22 |
| Days sales outstanding | - | - | - | - | - | 60d |
| Days inventory outstanding | 10d | 11d | 24d | 20d | 6d | 3d |
| Days payable outstanding | 76d | 57d | 53d | 53d | 56d | 53d |
| Cash conversion cycle | - | - | - | - | - | 10d |
| Valuation | ||||||
| P / E | - | - | 1.6x | - | - | - |
| P / B | - | - | - | - | 14.5x | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | 8.4x | 19.4x | 16.5x | 16.1x | 7.7x | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | -0.4% |
| Revenue CAGR (3y) | - | - | - | - | - | 4.5% |
| Revenue CAGR (5y) | - | - | - | - | - | 10.3% |
| Gross profit growth (YoY) | 1.7% | 12.5% | -11.8% | -17.8% | 13.2% | -2.0% |
| Operating income growth (YoY) | - | -22.1% | 26.5% | - | 70.8% | 136.8% |
| Net income growth (YoY) | 38.9% | 9.1% | 54.1% | -6129.2% | 0.0% | 95.4% |
| EPS growth (YoY) | 38.5% | - | - | -6300.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 0.6% | -36.7% | -68.0% | - | - | -2.0% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing Track Group against the 5 most active filers in the same SIC group.