Reported Earnings • May 11
Second quarter 2026 earnings released: US$0.06 loss per share (vs US$0.044 loss in 2Q 2025) Second quarter 2026 results: US$0.06 loss per share (further deteriorated from US$0.044 loss in 2Q 2025). Revenue: US$8.94m (up 7.1% from 2Q 2025). Net loss: US$711.4k (loss widened 38% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • May 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 248% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (52% average weekly change). Negative equity (-US$12m). Shareholders have been substantially diluted in the past year (248% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€24.6m market cap, or US$28.9m). Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: US$0.043 (vs US$0.17 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.043 (up from US$0.17 loss in 1Q 2025). Revenue: US$9.12m (up 5.2% from 1Q 2025). Net income: US$514.7k (up US$2.53m from 1Q 2025). Profit margin: 5.6% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-US$12m). Market cap is less than US$10m (€2.60m market cap, or US$3.09m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Dec 23
Full year 2025 earnings released: US$0.16 loss per share (vs US$0.26 loss in FY 2024) Full year 2025 results: US$0.16 loss per share (improved from US$0.26 loss in FY 2024). Revenue: US$35.2m (down 4.5% from FY 2024). Net loss: US$1.88m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 19
Track Group, Inc. Provides Earnings Guidance for the Full Year 2026 Track Group, Inc. provided earnings guidance for the full year 2026. For the year company expects revenue to be $38 million to $39 million. Reported Earnings • Aug 10
Third quarter 2025 earnings released: EPS: US$0.12 (vs US$0.073 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.12 (up from US$0.073 loss in 3Q 2024). Revenue: US$9.09m (down 1.0% from 3Q 2024). Net income: US$1.43m (up US$2.30m from 3Q 2024). Profit margin: 16% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 11
Track Group, Inc. Announces Resignation of Karim Sehnaoui as Member of the Board of Directors, Effective June 6, 2025 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. Mr. Sehnaoui's resignation from the Board of Directors is not due to any disagreement with respect to the Company's operations, policies, or practices. Tillkännagivande • May 15
Track Group, Inc. Provides Earnings Guidance for the Full Year 2025 Track Group, Inc. provided earnings guidance for the full year 2025. For the year company expects revenue to be $34.5 million to 35.5 million. Reported Earnings • May 15
Second quarter 2025 earnings released: US$0.044 loss per share (vs US$0.16 loss in 2Q 2024) Second quarter 2025 results: US$0.044 loss per share (improved from US$0.16 loss in 2Q 2024). Revenue: US$8.35m (down 7.1% from 2Q 2024). Net loss: US$517.1k (loss narrowed 73% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 16
Now 59% undervalued Over the last 90 days, the stock has risen 45% to €0.14. The fair value is estimated to be €0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 07
First quarter 2025 earnings released: US$0.17 loss per share (vs US$0 in 1Q 2024) First quarter 2025 results: US$0.17 loss per share (further deteriorated from US$0 in 1Q 2024). Revenue: US$8.67m (down 3.3% from 1Q 2024). Net loss: US$2.01m (down US$2.01m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 26
Full year 2024 earnings released: US$0.26 loss per share (vs US$0.29 loss in FY 2023) Full year 2024 results: US$0.26 loss per share (improved from US$0.29 loss in FY 2023). Revenue: US$36.9m (up 7.0% from FY 2023). Net loss: US$3.08m (loss narrowed 9.1% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Dec 24
Track Group, Inc. Provides Earnings Guidance for the Full Year 2025 Track Group, Inc. provided earnings guidance for the full year 2025. For the period, the company expected revenue to be in the range of $35 million to $36 million. Reported Earnings • Aug 11
Third quarter 2024 earnings released: US$0.073 loss per share (vs US$0.059 loss in 3Q 2023) Third quarter 2024 results: US$0.073 loss per share (further deteriorated from US$0.059 loss in 3Q 2023). Revenue: US$9.19m (up 5.6% from 3Q 2023). Net loss: US$870.1k (loss widened 25% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 2 percentage points per year. New Risk • Jul 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Negative equity (-US$11m). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (€2.32m market cap, or US$2.50m). Tillkännagivande • May 15
Track Group, Inc. Provides Revenue Guidance for the Fiscal Year 2024 Track Group, Inc. provided revenue guidance for the fiscal year 2024. For the period, the company expects revenue to be $37 million to $38 million. Reported Earnings • May 13
Second quarter 2024 earnings released: US$0.16 loss per share (vs US$0.13 loss in 2Q 2023) Second quarter 2024 results: US$0.16 loss per share (further deteriorated from US$0.13 loss in 2Q 2023). Revenue: US$8.99m (up 8.2% from 2Q 2023). Net loss: US$1.90m (loss widened 28% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Tillkännagivande • Feb 09
Track Group, Inc. Provides Earnings Guidance for the Year 2024 Track Group, Inc. provided earnings guidance for the year 2024. For the year, the company expects revenue in the range of $37 million to $40 million. Reported Earnings • Feb 08
First quarter 2024 earnings released: EPS: US$0 (vs US$0.003 in 1Q 2023) First quarter 2024 results: EPS: US$0 (down from US$0.003 in 1Q 2023). Revenue: US$8.97m (up 1.3% from 1Q 2023). Net income: US$461 (down 99% from 1Q 2023). Profit margin: 0% (down from 0.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Tillkännagivande • Dec 21
Track Group, Inc. Provides Revenue Guidance for the Fiscal Year 2024 Track Group, Inc. provided revenue guidance for the fiscal year 2024. For the year, the company expects revenue to be $37 to 40 millions. Reported Earnings • Dec 20
Full year 2023 earnings released: US$0.29 loss per share (vs US$0.64 loss in FY 2022) Full year 2023 results: US$0.29 loss per share (improved from US$0.64 loss in FY 2022). Revenue: US$34.5m (down 6.7% from FY 2022). Net loss: US$3.39m (loss narrowed 54% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings have declined by 0.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Negative equity (-US$7.2m). Earnings have declined by 0.9% per year over the past 5 years. Market cap is less than US$10m (€4.28m market cap, or US$4.69m). Tillkännagivande • Aug 11
Track Group, Inc. Revises Earnings Guidance for Full Year 2023 Track Group, Inc. revised earnings guidance for the full year 2023. For the year, the company expects revenue in the range of $34 million to $36 million. Reported Earnings • Aug 11
Third quarter 2023 earnings released: US$0.059 loss per share (vs US$0.31 loss in 3Q 2022) Third quarter 2023 results: US$0.059 loss per share (improved from US$0.31 loss in 3Q 2022). Revenue: US$8.70m (down 3.1% from 3Q 2022). Net loss: US$697.2k (loss narrowed 81% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.039 profit in 2Q 2022) Second quarter 2023 results: US$0.13 loss per share (down from US$0.039 profit in 2Q 2022). Revenue: US$8.31m (down 12% from 2Q 2022). Net loss: US$1.49m (down 428% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 12
Track Group, Inc. Revises Earnings Guidance for 2023 Track Group, Inc. revised earnings guidance for 2023. For the period, the company expects revenue in the range of $35 million to $36 million . Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: US$0.003 (vs US$0.026 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.003 (up from US$0.026 loss in 1Q 2022). Revenue: US$8.86m (down 7.7% from 1Q 2022). Net income: US$36.4k (up US$341.7k from 1Q 2022). Profit margin: 0.4% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 10
Track Group, Inc. Provides Earnings Guidance for 2023 Track Group, Inc. provided earnings guidance for 2023. For the period, the company expects revenue in the range of $38 million to $41 million . Reported Earnings • Dec 18
Full year 2022 earnings released: US$0.64 loss per share (vs US$0.30 profit in FY 2021) Full year 2022 results: US$0.64 loss per share (down from US$0.30 profit in FY 2021). Revenue: US$37.0m (down 6.8% from FY 2021). Net loss: US$7.39m (down 315% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Tillkännagivande • Dec 17
Track Group, Inc. Provides Earnings Guidance for the Year 2023 Track Group, Inc. provided earnings guidance for the year 2023. For the period, the company expects revenue to be $38 million - $41 million. Tillkännagivande • Dec 10
Track Group, Inc. Announces Resignation of Guy Dubois as Chairman of the Board of Directors 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. Mr. Dubois’ resignation from the Board of Directors is not due to any disagreement with respect to the Company's operations, policies, or practices. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Director Karim Sehnaoui was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Third quarter 2022 earnings released: US$0.31 loss per share (vs US$0.10 profit in 3Q 2021) Third quarter 2022 results: US$0.31 loss per share (down from US$0.10 profit in 3Q 2021). Revenue: US$8.97m (down 13% from 3Q 2021). Net loss: US$3.61m (down 401% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
Second quarter 2022 earnings released: EPS: US$0.039 (vs US$0.19 in 2Q 2021) Second quarter 2022 results: EPS: US$0.039 (down from US$0.19 in 2Q 2021). Revenue: US$9.48m (down 3.8% from 2Q 2021). Net income: US$452.2k (down 79% from 2Q 2021). Profit margin: 4.8% (down from 22% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 23% share price gain to €1.18, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 26x in the Electronic industry in Germany. Total returns to shareholders of 190% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Director Karim Sehnaoui was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 15% share price gain to €1.07, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 20x in the Electronic industry in Germany. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 23% share price gain to €1.17, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 188% over the past three years. Tillkännagivande • Feb 25
Track Group, Inc., Annual General Meeting, Apr 13, 2022 Track Group, Inc., Annual General Meeting, Apr 13, 2022, at 11:00 Central Standard Time. Agenda: To consider election of Directors; to consider Advisory Vote to Approve Executive Compensation; to consider Adoption of the 2022 Omnibus Equity Incentive Plan; to consider ratification of Appointment of Auditors; and to consider any other matters. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €1.15, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 24x in the Electronic industry in Germany. Total returns to shareholders of 210% over the past three years. Reported Earnings • Feb 11
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: US$0.026 loss per share (down from US$0.12 profit in 1Q 2021). Revenue: US$9.60m (up 2.1% from 1Q 2021). Net loss: US$305.3k (down 123% from profit in 1Q 2021). Revenue missed analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to €1.86, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 28x in the Electronic industry in Germany. Total returns to shareholders of 359% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to €1.86, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 28x in the Electronic industry in Germany. Total returns to shareholders of 359% over the past three years. Reported Earnings • Dec 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.30 (up from US$0.01 loss in FY 2020). Revenue: US$39.7m (up 17% from FY 2020). Net income: US$3.44m (up US$3.56m from FY 2020). Profit margin: 8.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Board Change • Nov 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Director Karim Sehnaoui was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Third quarter 2021 earnings released: EPS US$0.10 (vs US$0.036 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$10.3m (up 22% from 3Q 2020). Net income: US$1.20m (up 189% from 3Q 2020). Profit margin: 12% (up from 4.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 38% share price gain to US$2.76, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 31x in the Electronic industry in Germany. Total returns to shareholders of 235% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to US$1.96, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 32x in the Electronic industry in Germany. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 39% share price gain to US$2.80, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 33x in the Electronic industry in Germany. Total returns to shareholders of 249% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 87% share price gain to US$2.06, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 29x in the Electronic industry in Germany. Total returns to shareholders of 151% over the past three years. Reported Earnings • May 13
Second quarter 2021 earnings released: EPS US$0.19 (vs US$0.15 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$9.86m (up 21% from 2Q 2020). Net income: US$2.18m (up US$3.91m from 2Q 2020). Profit margin: 22% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 12
Track Group, Inc. Provides Earnings Guidance for the Fiscal Year 2021 Track Group, Inc. provided earnings guidance for the fiscal year 2021. The company has elected not to provide specific guidance regarding fiscal 2021 operating results; however, it is comfortable that the remainder of fiscal 2021 will continue to exceed last year's results. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$1.08, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 30x in the Electronic industry in Germany. Total returns to shareholders of 35% over the past three years. Tillkännagivande • Dec 25
Track Group, Inc. Suspends Earnings Guidance for the Fiscal Year 2021 Track Group, Inc. announced that due to the coronavirus pandemic has adversely impacted both the Company's revenue and costs by disrupting the operations in Chile, causing shortages within the supply chain and postponing sales opportunities as some government agencies have delayed new RFP processes. In addition, the company continue to operate in a rapidly changing environment so the extent to which the coronavirus pandemic impacts business, operations and financial results from this point forward will depend on numerous evolving factors that the company cannot accurately predict. Given this uncertainty, the Company has elected not to provide specific guidance regarding fiscal 2021. Reported Earnings • Dec 24
Full year 2020 earnings released: US$0.01 loss per share The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2020 results: Revenue: US$33.9m (flat on FY 2019). Net loss: US$118.6k (loss narrowed 95% from FY 2019). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 07
New 90-day low: €0.22 The company is down 14% from its price of €0.25 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. 
