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Track Group

GPS-based electronic monitoring for community corrections

Overview

Track Group provides electronic monitoring technology and services for community corrections agencies, specializing in GPS devices designed for high security and durability. The devices deliver real-time location tracking, long battery life, and reliable communication, with a platform that supports live alerts, victim notifications, and data analytics. Track Group differentiates itself with its rugged hardware and high-touch, public-safety oriented service model, integrating monitoring with notifications and analytics. The goal is to help agencies run safer, smarter, and more effective monitoring programs through dependable devices, actionable data, and dedicated support.

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About Track Group

Simplify's Rating
Why Track Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsHardwareIndustrial & ManufacturingEnterprise Software

Company Size

51-200

Company Stage

IPO

Headquarters

Naperville, IL

Founded

1997

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What believers are saying

  • May 2026 refinancing cut net debt $27 million and extended maturity to 2031.
  • Q3 2026 revenue held at $9.1 million while net income jumped from debt restructuring.
  • July 2026 Marion County contract win expands recurring monitoring volume and validates sales execution.

What critics are saying

  • Matthews and Crowder lawsuits remain active in Cook County, threatening damages and injunctions.
  • 13.5% term debt and warrant coverage pressure cash flow if growth stalls.
  • Any probation scandals or device failures can trigger county contract losses and reputational collapse.

What makes Track Group unique

  • Track Group's proprietary GPS devices and monitoring platform serve offender programs, not generic telematics.
  • Marion County, Florida, and Illinois deployments show entrenched government relationships and switching costs.
  • High-touch service model blends victim notification, analytics, and hardware support for community corrections agencies.

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Funding

Total Funding

$32.1M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Employee Assistance Program
  • Unlimited Paid Time Off
  • Paid Holidays
  • 401(k) Company Match

Stock Price

Company News

The Globe and Mail
Jun 17th, 2026
Track Group to present at the Planet MicroCap Las Vegas Powered by MicroCapClub.

Track Group to present at the Planet MicroCap Las Vegas Powered by MicroCapClub. Track Group - GlobeNewswire - Tue Jun 16, 2:25PM CDT NAPERVILLE, Ill., June 16, 2026 (GLOBE NEWSWIRE) - Track Group, Inc. (OTCQB: TRCK), a global leader in offender tracking and monitoring services, today announced that it will be presenting at the Planet MicroCap Las Vegas 2026 Powered by MicroCapClub on Wednesday, June 17, 2026 at 5 PM PDT at the Bellagio Resort & Hotel. Chief Executive Officer Derek Cassell will host the presentation. He will be joined by AJ Gigler, Chief Marketing Officer, and Denver Smith, Chairman of the Board, who will co-present and participate in a question-and-answer session at the conclusion of the presentation. To access the live presentation, please use the following information: Planet MicroCap Las Vegas 2026 Powered by MicroCapClub Date: Wednesday, June 17, 2026 Time: 5 PM PDT Webcast: TRACK GROUP WEBCAST If you would like to book 1x1 investor meetings with Track Group, Inc., and to attend the Planet MicroCap Las Vegas 2026, please make sure you are registered here: REGISTER 1x1 meetings will be scheduled and conducted in person at the conference venue: Bellagio Resort & Hotel in Las Vegas, NV. The Planet MicroCap Las Vegas 2026 website is available here: HOME PAGE If you can't make the live presentation, all company presentations "webcasts" will be available directly on the conference event platform on this link under the tab "Agenda": AGENDA About TRACK GROUP, INC. Track Group is a premium provider of electronic monitoring technology and services for community corrections agencies. Known for building some of the industry's toughest and most secure GPS devices, Track Group delivers reliable performance across high-risk and standard caseloads alike. Its solutions combine advanced location tracking, long battery life, live communication, victim notification, predictive analytics, and specialized service support to help agencies operate safer, smarter, and more effective monitoring programs. Track Group has consistently advanced the market through innovation, reliability, and a high-touch approach to public safety. About Planet MicroCap Planet Microcap hosts the highest quality microcap in-person events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow. For more information about Planet MicroCap, please visit: https://planetmicrocap.com/ About MicroCapClub MicroCapClub is an exclusive forum for experienced microcap investors to share and discuss microcap companies (sub $1 billion market cap) trading on global markets. Since 2011, our members have profiled 1500+ microcap companies, 300+ have turned into multi-baggers. Investors can join our community by applying to become a member or subscribing to gain instant access. For more information, visit https://microcapclub.com/ This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

AInvest Fintech Inc.
May 14th, 2026
Track Group raises $10.3M in PIPE offering, cuts net debt by $27M in major restructuring

Track Group Inc. has raised $10.3 million through a private investment in public equity offering, part of a broader recapitalisation strategy that has significantly improved its financial position. The restructuring reduced the company's net debt by approximately $27 million, or 63%, and lowered its net leverage ratio from 7.2 to 2.6. Track Group secured a new $21 million term loan with a 13.5% fixed interest rate and five-year maturity, expected to save roughly $200,000 annually in interest costs. The offering was conducted under Regulation D of the US Securities Act. The company has also restructured its board to enhance governance and support sustainable growth. The financial overhaul aims to position Track Group for strategic opportunities whilst maintaining disciplined capital allocation.

Yahoo Finance
May 8th, 2026
Track Group posts $8.9M Q2 revenue, up 7% year-on-year with operating income surging 830%

Track Group, a global offender tracking and monitoring services provider, reported second quarter fiscal 2026 results with total revenue of $8.9 million, up 7% year-over-year. The company posted operating income of $0.41 million, an 830% increase from the prior year period. Gross profit reached $4.5 million, rising 9% year-over-year, with gross margin improving to 50.2%. Non-GAAP Adjusted EBITDA grew 18% to $1.55 million. Revenue growth was primarily driven by business expansion in Florida and Illinois. Cash balance increased to $5.1 million at 31 March 2026, up from $4.1 million at 30 September 2025, reflecting improved profitability. Net loss attributable to shareholders was $0.7 million, largely due to a $0.5 million foreign currency translation loss.

MarketScreener
May 1st, 2026
Track Group cuts debt by $27M through recapitalisation, raises $10.3M via PIPE

Track Group, a global leader in offender tracking and monitoring services, has completed a comprehensive recapitalisation and debt refinancing that reduces its net debt by approximately $27 million, a 63% decrease. The transaction was financed through a new five-year $21 million term loan from Chatham Capital at 13.5% interest and a $10.3 million private placement. Participants in the placement included Track Group management, Carlson Ridge Capital and JCP Investment Management. The refinancing reduces the company's net leverage ratio from 7.2 to 2.6 and is expected to generate annual cash interest savings of approximately $200,000. The company has reconstituted its board with Denver Smith appointed as chairman. The new structure extends debt maturity to five years whilst aligning board, management and creditor interests through warrant coverage.

MarketScreener
May 1st, 2026
Track Group Inc. Announces Completion of Comprehensive Recapitalization and Debt Refinancing

NAPERVILLE, Ill., May 01, 2026 -- Track Group, Inc. a global leader in offender tracking and monitoring services, today announced the successful completion of a transformational series of...

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