Track Group, Inc. (TRCK) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 E. 5TH AVENUE SUITE 100
NAPERVILLE, IL 60563
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8154,0155,5435,3114,9147,118
Cash and cash equivalents3,8154,0155,5435,3114,9147,118
Receivables4,3435,4905,7826,2375,4316,321
Inventory, net of allowances, customer advances and progress billings1,2769927471,053818654
Inventory1,2769927471,053818654
Other current assets   285284  
Other undisclosed current assets6905097377699221,109
Total current assets:10,12411,00613,09413,65412,08515,202
Noncurrent Assets
Property, plant and equipment2,0472,0412,020170  
Intangible assets, net (including goodwill)22,65222,92323,38423,72226,55827,791
Goodwill7,9718,0338,1138,0618,2228,591
Intangible assets, net (excluding goodwill)14,68214,89015,27115,66118,33619,200
Other noncurrent assets2,8493,0563,7153,5103,9534,306
Other undisclosed noncurrent assets3,5563,8103,4413,6243,7364,045
Total noncurrent assets:31,10531,83032,55931,02734,24736,142
TOTAL ASSETS:41,22942,83645,65344,68146,33251,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8955,2326,6367,6855,4596,731
Taxes payable371186195
Employee-related liabilities1,4121,3051,550
Accounts payable2,7252,2193,4012,8591,6111,705
Accrued liabilities2,1703,0133,2353,0422,3583,281
Debt463546519457474549
Other undisclosed current liabilities    (1,783)(1,490)(1,745)
Total current liabilities:5,3585,7787,1546,3584,4435,535
Noncurrent Liabilities
Long-term debt and lease obligation42,79942,87442,93742,97943,08343,265
Long-term debt, excluding current maturities42,79942,87442,93742,97943,08343,265
Liabilities, other than long-term debt29132936639835223
Other liabilities29132936639835223
Total noncurrent liabilities:43,09043,20343,30343,37843,43543,288
Total liabilities:48,44848,98050,45849,73647,87848,823
Equity
Equity, attributable to parent(7,218)(6,145)(4,804)(5,055)(1,546)2,521
Common stock111111
Additional paid in capital302,577302,551302,499302,438302,324302,258
Accumulated other comprehensive loss(1,431)(1,029)(1,122)(1,275)(1,585)(1,057)
Accumulated deficit(308,365)(307,668)(306,183)(306,219)(302,287)(298,682)
Total equity:(7,218)(6,145)(4,804)(5,055)(1,546)2,521
TOTAL LIABILITIES AND EQUITY:41,22942,83645,65344,68146,33251,344

Income Statement (P&L) ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues8,6988,3088,8568,9158,9749,484
Operating lease, lease income 7,1236,8286,9777,0607,3567,457
Cost of revenue(5,034)(4,565)(4,675)(4,865)(5,010)(4,945)
Cost of goods and services sold(822)(844)(773)(772)(809)(793)
Gross profit:3,6643,7434,1814,0503,9644,539
Operating expenses(3,943)(4,593)(4,322)(6,221)(4,496)(4,532)
Operating income (loss):(279)(850)(141)(2,171)(532)7
Nonoperating income (expense)(13)(329)64(1,597)(2,794)572
Gain (loss), foreign currency transaction, before tax41872483(1,159)(750)396
Other nonoperating income (expense)     (1,593)633
Interest and debt expense(431)(401)(420)2,024(451)(458)
Income (loss) from continuing operations before equity method investments, income taxes:(723)(1,580)(497)(1,745)(3,777)121
Other undisclosed income (loss) from continuing operations before income taxes431401420(2,024)451458
Income (loss) from continuing operations before income taxes:(292)(1,179)(77)(3,768)(3,326)579
Income tax expense (benefit)(405)(306)114(164)(279)(127)
Income (loss) from continuing operations:(697)(1,485)36(3,932)(3,605)452
Income (loss) before gain (loss) on sale of properties:(3,932)(3,605)452
Net income (loss) available to common stockholders, diluted:(697)(1,485)36(3,932)(3,605)452

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income (loss):(697)(1,485)36(3,932)(3,605)452
Comprehensive income (loss):(697)(1,485)36(3,932)(3,605)452
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(402)94152310(527)20
Comprehensive income (loss), net of tax, attributable to parent:(1,100)(1,392)189(3,622)(4,132)472

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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