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Track Group, Inc., (the Company , we , us , and our ), a Delaware corporation since 2016 and previously incorporated in 1995 as a Utah corporation, has its principal place of business at 200 E. 5th Avenue Suite 100, Naperville, Illinois 60563. Our common stock, par value $0.0001 per share ( Common Stock ), is currently listed for quotation on the OTCQB Venture Markets ( OTCQB ) under the symbol…
Operating margin is thin at 3.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 51% versus the prior year, cash generation momentum has weakened. Net debt of $39M represents 23.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$36M
▼ -4.5% YoY
Net Income (TTM)
$447K
▲ +38.9% YoY
Op. Margin
6.26%
▲ +8.6pp YoY
ROIC
5.06%
▲ +6.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$5M
▼ -51.2% YoY
Op. Cash Flow (TTM)
$8M
▼ -12.1% YoY
Net Debt
$38M
Cash & Equiv.
$5M
5Y CAGR: +0.8%
5Y CAGR: -13.3%
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