Track Group Inc (QB) (TRCK) 銘柄情報

https://nypost.com/2021/08/25/washington-state-hs-mandates-covid-19-proximity-monitors/

Go TRCK
PCHM BLOZF GEO PMD

REV $10.3M Q3 2021 UP
https://www.otcmarkets.com/stock/TRCK/news/Track-Group-Reports-3rd-Quarter-Fiscal-2021-Financial-Results?id=315580

REV Q2 2021
$9.9M UP

Revenue Q1 2020
9,4M UP

REVENUE Q4 2020
8.84M UP

REVENUE Q3 2020
8.48M UP

REVENUE Q2 2020
8.13M

GO TRCK
BLOZF PCHM PMD FRAZ

GARP that's it that's my comment...

GO TRCK
PCHM PMD BLOZF

First one takes the cake ...

first one to add these .50cent upgrades for real time sweat testing drugs of abuse will take the cake ...
the production cost for the product is claimed to be less than 50 cents per piece. https://www.indiatimes.com/technology/news/wearable-sensor-drug-detection-sweat-sample-533919.html

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163184094

Go TRCK
Market Cap Market Cap 34,385,898 07/08/2021

PMD
Market Cap Market Cap 38,533,991 07/08/2021

PCHM
Market Cap Market Cap 30,726,113 07/08/2021

BLOZF
Market Cap Market Cap 104,242,857 07/08/2021

GEO
Market Cap Market Cap 850,594,786 07/08/2021

Prison of the Future will have 'No Holds Barred'


FRAZultimate

Incarcerated at home: The rise of ankle monitors and house arrest during the pandemic
https://www.nbcnews.com/tech/tech-news/incarcerated-home-rise-ankle-monitors-house-arrest-during-pandemic-n1273008

Go TRCK
PCHM PMD BLOZF GEO

FRAZawsome

your right confused the two trade marks but it wont be long before they can do the job of all those drug testing companies as well

thank you

Does TRCK manufacture "Backtrack"? What's the connection?

Go TRCK
PCHM PMD
FRAZtastic

GEO News Good, Better for TRCK ... https://www.vice.com/en/article/3aqagy/contractor-exposed-the-movements-of-people-wearing-ankle-gps-bracelets

Go TRCK
PCHM
BLOZF
PMD
WKEY
VERI
FRAZ
ROKU

Well on TRACK' to do $40M+ Revenue in 2021
https://www.google.com/finance/quote/TRCK:OTCMKTS?sa=X&ved=2ahUKEwjim-2zkY3xAhVwUt8KHVvZAQ4Q3ecFMAB6BAgEEBI
Accelerated Growth potential?? adding real time drug detection would only serve to amplify TRCK product offerings

Market cap is currently $33M the market is offering less than zero premium?
bargain basement prices

BLOZF by comparison has a market cap of Market Cap $103,388,776
https://www.otcmarkets.com/stock/BLOZF/security
https://www.google.com/finance/quote/BLOZF:OTCMKTS?sa=X&ved=2ahUKEwjY0o-ak43xAhXohOAKHZiPAnoQ3ecFMAB6BAgKEBI BLOZF Zero Revenue so what's the hold up TRCK is a Gift and a potential candidate for the NASDAQ


GLTA
TRCK
FRAZ
PCHM
WKEY

PMD GEO

Prison Of the Future 'No Holds Barred'
tracing and monitoring no more holding cells ...?

Go TRCK
PCHM PMD BLOZF
GEO better watch it they need innovate or risk becoming obsolete
making TRCK very attractive at these incredibly low low discounts

Now Hiring: https://www.linkedin.com/jobs/view/proposal-coordinator-at-track-group-inc-2568596397

Go PCHM TRCK
BLOZF PMD

Awaken the FRAZ

https://www.cga.ct.gov/2014/rpt/2014-R-0065.htm ELECTRONIC MONITORING OF OFFENDERS
By: Christopher Reinhart, Chief Attorney

PCHM PMD FRAZ BLOZF TRCK

‘They track every move’: how US parole apps created digital prisoners https://www.theguardian.com/global-development/2021/mar/04/they-track-every-move-how-us-parole-apps-created-digital-prisoners

TRCK BLOZF PCHM PMD FRAZ

Israel to Use Electronic Tracking Bracelet to Enforce Quarantine Measures
https://www.newsweek.com/israel-use-electronic-tracking-bracelet-enforce-quarantine-measures-1576967

TRCK BLOZF PCHM PMD FRAZ

50,000 inmates incarcerated for minor drug charges might soon be released on house arrest and monitored with an electronic tracking bracelet. https://thethaiger.com/news/national/some-inmates-to-be-released-on-parole-following-covid-19-outbreaks-at-prisons

Go TRCK
PCHM FRAZ BLOZF PMD

https://7news.com.au/news/qld/repeat-young-offenders-to-be-subject-to-trial-of-gps-ankle-bracelets-after-public-push-for-crackdown-c-2866993

Go TRCK

https://fox59.com/news/indycrime/gps-ankle-monitors-indianapolis/

Go TRCK

https://transylvanianow.com/romania-to-start-monitoring-offenders-using-gps/

Go TRCK

Tennessee reseller https://www.trackingsolutionsnow.com/home.html

Go TRCK
PCHM BLOZF AXON

was just reading article about GPS tracking market very good

Go TRCK
PCHM BLOZF PMD AXON

ADR's have risks, but China.

BABA BIDU

how TRCK is still trading as a Penny stock(below$5) is amazing
I stocks that have 5-10X the market cap that are not nearly as potent

Go PCHM FRAZ

I think it was that they regained compliance at the highest tier rank
does TRCK qualify as inflation proof cause they sell to mostly government agencies? and I guess would be same for like PCHM?

GO PCHM TRCK
FLY Me To The Moon FRAZ and let me play among the stars

Was that an uplisting on TRCK in January.


UPLISTINGS

has anyone discussed possibility of Dividends going forward?
TRCK PCHM PMD BLOZF AXON

REV $9.9M Q2 2021 UP Rev $3.2 per-share 1yr-trailing up from $3.05

Revenue Q1 2020 reported in Feb 2021
9,4M

REVENUE Q4 2020
8.84M

REVENUE Q3 2020
8.48M

REVENUE Q2 2020
8.13M

TRCK BLOZF PCHM PMD
FRAZ

Total Revenue up 21%, Record Quarterly Operating Income, Adjusted EBITDA up 77%, Continued Net Loss Turnaround
PR Newswire

NAPERVILLE, Ill., May 11, 2021

NAPERVILLE, Ill., May 11, 2021 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its second quarter ended March 31, 2021 ("Q2 FY21"). In Q2 FY21, the Company posted (i) total revenue of $9.9 million, an increase of approximately 21% over total revenue for the same period last year ("Q2 FY20"); (ii) operating income of $1.7 million, representing an increase of 601% compared to Q2 FY20 operating income of $0.2M; (iii) adjusted EBITDA of $2.9 million in Q2 FY21, up 77% compared to $1.6 million for Q2 FY20; and (iv) net income attributable to common shareholders of $2.2M in Q2 FY21 compared to a net loss of $1.7 million in Q2 FY20.

"Again, we were able to continue the Company's strong performance over the past twelve months with a record performance for the quarter ended March 31, 2021. So far, we have managed to successfully navigate the challenges brought on by the Coronavirus by working closely with our customers and partners. We are excited about the future and the continued evolution of our technologies to support our customers' programs in the years ahead." said Derek Cassell, Track Group's CEO.

FINANCIAL HIGHLIGHTS

Strong quarterly total revenue of $9.9 million in Q2 FY21, up 21% compared to Q2 FY20 total revenue of $8.1 million as the significant increase in monitoring revenue of approximately 22% was offset by a nominal decline in product sales. Revenue for the 6 months ended March 31, 2021 ("6M FY21") of $19.3 million was up approximately 16% compared to revenue of $16.6 million for the 6 months ended March 31, 2020 ("6M FY20").
Gross profit of $5.4 million in Q2 FY21 was up 23% compared to Q2 FY20 gross profit of $4.4 million. Gross profit for the 6M FY21 was $10.6 million, or up 17% compared to gross profit of $9.1 million for 6M FY20.
Total operating expense for Q2 FY21 of $3.8 million was down 10% versus Q2 FY20's total operating expense of $4.2 million. The decline in quarterly operating expense when combined with the favorable increase in gross profit led to operating income in Q2 FY21 of $1.7 million compared to operating income of $0.2 million for Q2 FY20, representing an improvement of 601%. Similarly, for 6M FY21, operating income was $3.1 million compared to operating income of $0.5 million, representing an increase of 473%.
Adjusted EBITDA for the Q2 FY21 was $2.9 million, an increase of nearly 77%, compared to $1.6 million for Q2 FY20. Adjusted EBITDA in Q2 FY21 as a percentage of revenue also increased to 29.1%, compared to 19.9% for Q2 FY20. Adjusted EBITDA for 6M FY21 was $5.5 million compared to the Adjusted EBITDA for 6M FY20 of $3.4 million, representing an improvement of approximately 63%. Similarly, Adjusted EBITDA for the 6M FY21 as a percentage of revenue also increased to 28.7%, compared to 20.5% for the 6M FY20.

The cash balance of $6.7 million at March 31, 2021 was down only 1% compared to $6.8 million at September 30, 2020 reflecting significant capital investments made by the Company of approximately $2.7 million in the 6M FY21 to build additional monitoring devices and software to accommodate increased customer demand. Capital investments for the 6M FY21 were up 78% compared to the same period last year.
Net income attributable to common shareholders in Q2 FY21 was $2.2 million compared to a net loss of $1.7 million in Q2 FY20, a change principally attributable to the Company's strong operating performance and the increase in other Income. Net income attributable to common shareholders for the 6M FY21 was $3.5 million, up significantly compared to the net loss of nearly $2.0 million for the 6M FY20.

https://www.otcmarkets.com/stock/TRCK/news/Track-Group-Reports-2nd-Quarter-Fiscal-2021-Financial-Results?id=302434

TRCk PCHM BLOZF PMD

https://ih.advfn.com/stock-market/USOTC/track-qx-TRCK/stock-news/85078399/quarterly-report-10-q

BACtrack SkynTM https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8019775/table/T1/?report=objectonly

Table 1
Biosensor devices measuring alcohol intoxication.
Wrist Transdermal alcohol content • Completed laboratory testing
• Currently in field testing
• Commercial availability anticipated 2021


https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8019775/

TRCK

Alcohol Use Disorder in the Age of Technology: A Review of Wearable Biosensors in Alcohol Use Disorder Treatment
https://pubmed.ncbi.nlm.nih.gov/33828497/
2021 Mar 22;12:642813. doi: 10.3389/fpsyt.2021.642813. eCollection 2021.

gait and sweat. Gait changes have been measured via smart sensors placed on the wrist, in the shoe, and mobile device sensors in smart phones.

could be very useful to TRCK

https://www.prnewswire.co.uk/news-releases/the-ministry-of-justice-announces-national-rollout-of-sobriety-tag-programme-809334353.html

little dated but it's what's going on

A Stones-Throw' 2NASDAQ Uplisting
EFFECTIVE DATE on 02/26/2021 TRCK
Market change from Pink Current to OTCQX U.S.

Morphing into a technology security cyber prisons in addition to other services company an uplisting would command much higher premium on the NAS not to say that at a $19M cap there's not tremendous upside on the pinky's pushing on $50M revenues in 2021 very achievable looking forward to the quarterly

I believe demand/growth for tracking services will only keep improving this was $100M cap not too long ago cheap for company's like GEO will either buy or get plowed by tech in the industry incarceration is being replaced with Tracking IMO

Employees 147 as of 10/31/2020
https://www.otcmarkets.com/stock/TRCK/profile

DEET

This Q could be significant with all this unprecedented activity and the relatively new approach to it

from 2020 but piece is very relevant

The Rise of Immigrant E-Carceration

Julie Pittman*

This Note challenges the increasingly normalized
characterization of ankle monitors as a positive alternative to
detention. Although ankle monitors have been subject to some public
criticism, advocates on both sides of the aisle have increasingly
pointed to ankle monitors as a more humane, cost-effective alternative
to detention. In comparison to immigration detention or refoulement,
ankle monitors are clearly the lesser evil. Yet this Note argues that the disadvantages of ankle monitors cannot be so easily dismissed. By
disentangling the circumstances in which ankle monitors are used, this
Note documents the harms that follow these devices across contexts.
The Note then argues that meaningful alternatives to detention should
not include ankle monitoring. The Note concludes by exploring both
legal avenues to resist ankle monitoring and alternatives to detention
that do not include ankle monitoring at all.

Introduction ............................................................................................ 588
I. The Rise of Ankle Monitoring ............................................................ 589
A. Electronic Versus Ankle Monitoring .................................
Ankle monitors, on the other hand, “achieve[] near perfect
surveillance” by tracking an immigrant’s every move at every moment with GPS technology.

https://www.californialawreview.org/wp-content/uploads/2020/04/6-Pittman_Released-Into-Shackles.pdf

someone sure likes it

You did an admirable job again.

The Biden administration started releasing those families into the U.S. interior in late January, typically after giving them a notice to appear in court and affixing some sort of GPS monitoring device to track their whereabouts. https://www.washingtonpost.com/national/immigration-facility-del-rio-texas/2021/02/26/a317bed4-7847-11eb-ae66-8b9e3c6918a1_story.html

Applied to be an admin on other board in error.
FRAZ

Applied to be an admin on other board in error.

$TRCK Enerkon Solar International Inc Current Information Status Update
Press Release | 02/10/2021
February 10, 2021
OTC Disclosure & News Service

Delray Beach, FL —

This release includes additional documents. Select the link(s) below to view.
EINPresswire enerkon ENKS PRESS solar-international otc current information status update Feb 10 21.pdf
https://www.einpresswire.com/article/535413902/enerkon-solar-international-enks-otc-current-information-status-update?r=pa71JHiFQRojcCNUof

Enerkon Solar International (ENKS OTC) Current Information Status update:



Corporate Chairman Mr Benjamin Ballout stated today that "Enerkon Solar International (ENKS OTC PINK) will be filing its December 31 Quarterly filing on time this week bringing all information current whereas after review for compliance the OTC will update the current information status of the company"



"We are very pleased so far with the performance of the company during this trying time of Covid and other impediments to global commerce"



"Enerkon Solar International New Technology Division has proven to be a great decision as to diversification in compliment of our core EPC operations in Renewable Energy"



"In the coming week we shall report positive news regarding ongoing and current operations and new activities and other information valuable to shareholders and the general public"



"We want to thank our ENKS family of shareholders and the general public for their patience and confidence during this previous period and we look forward to the future with optimism as we go into 2021 -22 with force and direction !"



The foregoing statements are forward looking statements, and as such, they may or may not reflect the results which could transpire in the future which should be negative or not transpire at all due to circumstances or other reasons and investors, shareholders, or others should not rely on these forward-looking statements to ascertain any value if any of ENKS or to make any investment decisions and to take note that this is not an offer to buy or sell securities or an endorsement of ENKS for investment purposes as all investment carry a risk of loss sometimes a total loss of your investment in Micro cap shares markets or any market and therefore such statements or plans should not be relied upon for any business decisions of any kind.

Approval and permissions required by federal regulations may or may not be approved and if not approved may result in the loss of all value and all investments in products requiring such regulatory permissions to market and sell. These statements are made as forward-looking statements for educational purposes only in accordance with the rules and regulations which pertain to the same.

TRCK could-benefit-Greatly by-adopting WKEY tech ... IMO!

VERI Attractive AI

Future Prison won't have bars...NEWS Justice-Dept. to end use of private prisons
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161254561

TRCK Revenue $3.05 per-share 1yr-trailing WHAT? aprox.

PMD PCHM BLOZF

REV UP 9,401,905 Q4

REVENUE Q2 2020
8.13M

REVENUE Q3 2020
8.48M

REVENUE Q4 2020
8.84M

TRCK PCHM BLOZF PMD

REVENUE Q2 2020
8.13M

REVENUE Q3 2020
8.48M

REVENUE Q4 2020
8.84M


TRCK PMD PCHM BLOZF

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161301339

Private companies outside the bail industry have been angling to profit from incarceration for years. It is paying off,
Covid-19 pandemic has further normalized the use of big data and surveillance technologies
Electronic monitoring is up more than 50 percent.

PMD BLOZF TRCK PCHM

Future Prison won't have bars...NEWS Justice-Dept. to end use of private prisons
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161254561

PMD PCHM BLOZF TRCK VERI AI

SCRA Market Cap WAS~ $113,768,041 what happened ...?
NO Bail = More Sales ???

social distancing and Prisoners being released ...

PMD exploding PCHM TRCK BLOZF

TRCK pink current now

pps sure too a 12 month tank but no idea how this is a $1 stock with 11 MM shares o/s and I see Mcs ten times large with nowhere near the sales or outlook

NAPERVILLE, Ill., Jan. 12, 2018 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in providing community corrections agencies with offender tracking and monitoring services, today announced that Marion County's Advisory Board has approved and signed a multi-year contract for the Company to continue providing the Agency with products and services for offenders valued at approximately $20 Million across the full range of sentences under the Agency's oversight.

"This is a major accomplishment for Track Group and especially our dedicated team in Indianapolis, Indiana that underscores the great work we've done together with this important customer," said Derek Cassell, Track Group's CEO. "We are very proud of our thriving relationship with Marion County and the State of Indiana that's entering its tenth year in 2018."

Track Group has worked with Marion County Community Corrections since 2008. The electronic monitoring program is one of several cost-effective options the County uses to provide additional intervention, sanctions and structure for offenders so they are more likely to succeed upon release.

For more information about this contract award or any monitoring products and services offered by Track Group, contact Matt Swando at 877-260-2010.

About Track Group (trackgrp.com)
Track Group designs, manufactures, and markets location tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications for the criminal justice market. The Company's products and services are designed to empower professionals in security, law enforcement, corrections and rehabilitation organizations worldwide with single-sourced offender management solutions that integrate reliable intervention technologies to support re-socialization and monitoring initiatives.



View original content:http://www.prnewswire.com/news-releases/track-group-awarded-marion-county-community-corrections-monitoring-contract-300582085.html

Track Group Reports Fiscal 2017 Financial Results
Track Group Reports Fiscal 2017 Financial Results
Revenue Up 9%, Adjusted EBITDA Up 82% and Net Cash From Operating Activities Up 357%
PR Newswire
NAPERVILLE, Ill., Dec. 20, 2017
NAPERVILLE, Ill., Dec. 20, 2017 /PRNewswire/ -- Track Group, Inc. (OTCQX: TRCK), a global leader in offender tracking and monitoring services, today announced financial results for its fiscal year ended September 30, 2017. The Company posted revenue of $29.7M, an increase of 9.3% over last year, adjusted EBITDA of $3.6M up 82.1% compared to FY2016 and Net Cash provided by Operating Activities of $4.1M an increase of 357%. The Company's reorganization and consolidation initiatives had a predictable impact on these results.
"We're happy to report a very strong finish to a great fiscal 2017, with year-over-year growth in key financial categories including our best quarter ever for Adjusted EBITDA," said Guy Dubois, Track Group's Chairman and CEO. "With our fantastic new line-up of smartphone-based monitoring applications including BACtrack for criminal justice, we're looking forward to a great 2018, and with the launch of our new device-agnostic operating platform getting underway right now, we couldn't be more excited as we begin to deliver our vision for the future."
FINANCIAL HIGHLIGHTS
• Total revenue in FY2017 up 9.3% over last year ($29.7M vs. $27.2M)
• Total operating expenses for the year ended 30 Sept 2017 are flat ($20.5M) vs. last year ($20.4M) despite the fact that the Company incurred restructuring costs, an impairment of intangible assets, and a loss on the sale of assets which, in aggregate, totaled approximately $1.8M for the year just ended
• Adjusted EBITDA in FY2017 finished at $3.6M up 82.1% compared to $2.0M for FY2016
• Adjusted EBITDA for the quarters of fiscal 2017 improved sequentially each quarter
o Q1 or 31 Dec 2016 Adj EBITDA = $0.41M
o Q2 or 31 March 2017 Adj EBITDA = $0.64M
o Q3 or 30 June 2017 Adj EBITDA = $1.24M
o Q4 or 30 Sept 2017 Adj EBITDA = $1.35M
• Net Cash Provided by Operating Activities
o For year ended 30 Sept 2017 = $4.1M
o For year ended 30 Sept 2016 = $0.9M
o Up 357% or nearly five-fold
• Net loss attributable to shareholders in FY2017 improved to ($4.7M) up 44% compared to ($8.5M) for FY2016
BUSINESS HIGHLIGHTS
• The Company completed a major operational restructuring in 2017, which included the consolidation of key operational functions into its new Chicagoland Headquarters
• Launch of the Company's next generation operating platform is underway
• Major smartphone application development initiatives were completed in 2017 and launches are currently underway including remote alcohol monitoring and domestic violence solutions
• Key customer accounts are stable and growing
BUSINESS OUTLOOK
Actual Outlook
FY 2016 FY 2017 FY 2018

Revenue: $27.2M $29.7M $35-40M

Adjusted EBITDA Margin: 7.3% 12.2% 15-20%

Non-GAAP Financial Measures
This release includes financial measures defined as "non-GAAP financial measures" by the Securities and Exchange Commission including non-GAAP EBITDA. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles. Reconciliations of these non-GAAP financial measures are based on the financial figures for the respective period.
Non-GAAP Adjusted EBITDA excludes items included but not limited to interest, taxes, depreciation, amortization, impairment charges, gains and losses, currency effects, one time charges or benefits that are not indicative of operations, charges to consolidate, integrate or consider recently acquired businesses, costs of closing facilities, stock based or other non-cash compensation or other stated cash and non-cash charges (the "Adjustments").
The Company believes the non-GAAP measures provide useful information to both management and investors when factoring in the Adjustments. Specific disclosure regarding the Company's financial results, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2017, and other reports filed with the Securities and Exchange Commission. Investors are encouraged to carefully read and consider such disclosure and analysis contained in the Company's Form 10-K and other reports, including the risk factors contained in such Form 10-K.
TRACK GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2017 AND 2016

Assets 2017 2016
Current assets:
Cash $ 2,027,321 $ 1,769,921
Accounts receivable, net of allowance for doubtful accounts of $3,268,095 and $2,335,508, respectively 5,438,564 6,894,095
Note receivable, current portion 234,733 334,733
Prepaid expenses and other 854,122 816,708
Inventory, net of reserves of $26,934 and $98,150, respectively 261,810 521,851
Total current assets 8,816,550 10,337,308
Property and equipment, net of accumulated depreciation of $1,778,634 and $1,421,389, respectively 903,100 1,226,461
Monitoring equipment, net of accumulated amortization of $4,906,925 and $3,438,074, respectively 3,493,012 4,358,117
Intangible assets, net of accumulated amortization of $9,839,032 and $8,233,659, respectively 24,718,655 25,540,650
Goodwill 8,226,714 7,955,876
Other assets 2,989,101 2,900,911
Total assets $ 49,147,132 $ 52,319,323

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable 2,769,835 2,771,101
Accrued liabilities 6,650,291 3,976,192
Current portion of long-term debt, net of discount of $185,811 and $222,973, respectively 30,270,531 3,245,732
Total current liabilities 39,690,657 9,993,025
Stock payable - related party - 3,289,879
Long-term debt, net of current portion and discount of $0 and $185,811, respectively 3,480,717 30,345,803
Total liabilities 43,171,374 43,628,707

Stockholders' equity:
Common stock, $0.0001 par value: 30,000,000 shares authorized; 10,480,984 and 10,333,516 shares outstanding, respectively 1,048 1,034
Additional paid-in capital 300,717,861 298,876,399
Accumulated deficit (294,067,329) (289,341,503)
Accumulated other comprehensive loss (675,822) (845,314)
Total equity 5,975,758 8,690,616
Total liabilities and stockholders' equity $ 49,147,132 $ 52,319,323

TRACK GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2017 AND 2016

2017 2016
Revenues:
Monitoring services $ 28,887,460 $ 26,343,783
Other 839,558 850,024
Total revenues 29,727,018 27,193,807

Cost of revenues:
Monitoring, products and other related services 11,997,031 10,327,486
Depreciation and amortization included in cost of revenues 2,128,668 2,009,437
Impairment of monitoring equipment and parts - 80,000
Total cost of revenue 14,125,699 12,416,923

Gross profit 15,601,319 14,776,884

Operating expenses:
General & administrative 12,216,041 13,038,760
Loss on sale of assets 763,531 -
Restructuring costs 558,833 -
Impairment of intangible assets 506,413 -
Selling & marketing 2,311,725 2,270,733
Research & development 1,784,867 2,415,924
Depreciation & amortization 2,332,217 2,709,918
Total operating expense 20,473,627 20,435,335

Loss from operations (4,872,308) (5,658,451)

Other income (expense):
Interest income 20,086 114,235
Interest expense (2,820,924) (2,829,003)
Currency exchange rate gain (loss) 223,475 (151,258)
Gain on settlement of milestone payments 3,213,940 -
Other income/expense, net 11,556 28,856
Total other income (expense) 648,133 (2,837,170)
Net loss before income taxes (4,224,175) (8,495,621)
Income tax expense 501,651 -
Net loss attributable to common shareholders (4,725,826) (8,495,621)
Foreign currency translation adjustments 169,492 1,532,751
Comprehensive loss $ (4,556,334) $ (6,962,870)
Net loss per common share, basic and diluted $ (0.45) $ (0.83)
Weighted average common shares outstanding, basic and diluted 10,408,870 10,285,947

TRACK GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2017 AND 2016

2017 2016
Cash flows from operating activities:
Net loss $ (4,725,826) $ (8,495,621)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 4,460,885 4,719,355
Impairment of monitoring equipment and parts - 80,000
Impairment of intangible assets 506,413 -
Bad debt expense 1,048,737 1,996,348
Accretion of debt discount 222,973 222,973
Stock based compensation 1,140,520 1,353,295
Loss on disposal of property and equipment 763,531 39,290
Gain on settlement of milestone payments (3,213,940) -
Loss on monitoring equipment included on cost of sales 569,371 90,838
Change in assets and liabilities:
Accounts receivable, net 583,694 (2,718,115)
Notes receivable - (28,299)
Inventories 260,041 258,519
Prepaid expenses and other (433,978) 190,951
Accounts payable, accrued expenses and other 2,965,365 3,198,029
Net cash provided by operating activities 4,147,786 907,563

Cash flow from investing activities:
Purchase of property and equipment (84,749) (105,121)
Capitalized software (2,416,804) (2,090,962)
Purchase of monitoring equipment and parts (1,838,779) (2,861,100)
Proceeds from sale of assets 512,500 -
Net cash used in investing activities (3,827,832) (5,057,183)

Cash flow from financing activities:
Proceeds from notes payable - 2,000,000
Principal payments on notes payable (67,775) (1,021,832)
Net cash provided by (used in) financing activities (67,775) 978,168

Effect of exchange rate changes on cash 5,221 38,328

Net increase (decrease) in cash 257,400 (3,133,124)
Cash, beginning of year 1,769,921 4,903,045
Cash, end of year $ 2,027,321 $ 1,769,921

TRACK GROUP, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
FOR THE FISCAL YEARS ENDED SEPTEMBER 30, 2017 AND 2016

Three Months ended
September 30
Twelve Months ended
September 30,
2017 2016 2017 2016
Non-GAAP Adjusted EBITDA (In $000s, except share data)
Net loss attributable to common shareholders (1,273) (2,664) (4,726) (8,496)
Interest expense, net 684 705 2,801 2,715
Income taxes (1) - (28) 502 -
Depreciation, amortization and impairment 1,244 998 4,967 4,799
Stock based compensation 236 69 1,141 1,353
Restructuring charges (2) (10) - 559 -
Gain on contingent share liability - - (3,214) -
Loss on sale of assets - - 764 -
Other charges, net (3) 471 986 842 1,626
Non GAAP Adjusted EBITDA 1,352 66 3,636 1,997
Non GAAP Adjusted EBITDA, percent of revenue 18.1% 0.9% 12.2% 7.3%

Three Months ended
September 30, Twelve Months ended
September 30,

2017 2016 2017 2016
Non-GAAP EPS (In $000's, except share data)
Net loss attributable to common shareholders (1,273) (2,664) (4,726) (8,496)
Interest expense, net 684 705 2,801 2,715
Income taxes (1) - (28) 502 -
Depreciation, amortization and impairment 1,244 998 4,967 4,799
Stock based compensation 236 69 1,141 1,353
Restructuring charges (2) (10) - 559 -
Gain on contingent share liability - - (3,214) -
Loss on sale of assets - - 764 -
Other charges, net (3) 471 986 842 1,626
Non GAAP net income to common shareholders 1,352 66 3,636 1,997
Weighed average common shares outstanding 10,480,984 10,333,516 10,408,870 10,285,947
Non-GAAP earnings per share $0.13 $0.01 $0.35 $0.19

(1) Currently, the Company has significant U.S. tax loss carryforwards that may be used to offset future taxable income, subject to IRS limitations. However, the Company is still subject to certain state, commonwealth, and other foreign based taxes.

(2) Includes restructuring charges associated with outsourcing one of our monitoring centers and moving our headquarters to the Chicagoland area.

(3) Other charges may include gains or losses, non-cash currency impacts, non-recurring accrual adjustments, legal settlements and reserves associated with contracts in Mexico.