Archive for News Category

Track Group Appoints New Chief Financial Officer

SALT LAKE CITY, December 16, 2016 – Track Group, Inc. (OTCQX: TRCK) today announced Peter Poli is joining the Company as its new Chief Financial Officer (CFO), effective January 6, 2017. Mr. Poli joins Track Group after serving as the CFO for over 11 years with Grand Banks Yachts Limited, a global manufacturer of luxury yachts with offices in Singapore, Malaysia, Australia & the U.S. Mr. Poli brings with him an extensive background in corporate finance, financial planning and analysis, investor relations, strategic planning and risk management along

Read More

Track Group Strengthens Leadership Team with Strategic Appointments, Positioning Company for Further Growth

SALT LAKE CITY, Sept. 13, 2016 — Track Group, Inc. (OTCQX: TRCK) (“Track Group”), a world leader in location monitoring and predictive analytics, today announced several key appointments and nominations in alignment with the Company’s strategic direction and strengthening its ability to achieve scale and profitable growth. The Company announced that Ray Johnson, former Senior Vice President and Chief Technology Officer of Lockheed Martin Corporation, and Eric Rosenblum, an Executive at Palantir Technologies, Inc., are appointed to the Company’s Board of Directors.  Guy Dubois, Track Group’s Chairman of the Board

Read More

Track Group, Inc. Reports Q3-FY2016 Quarterly Results

SALT LAKE CITY, Aug. 10, 2016 – Track Group, Inc. (OTCQX: TRCK), an end-to-end Platform-as-aService (PaaS) provider of cloud-based tracking solutions in the global offender management market, today announced results from the third quarter ended June 30, 2016 and year-to-date. Revenue increased 24% Significantly reduced loss from operations by 53% through growing topline revenue and minimizing operating expenses Adjusted EBITDA margin improved to 15%, up from 11.5% Significantly improved cash generated from operations by 337% Sharpens 2016 and 2017 outlook Third Quarter Highlights Marion County Agreement – On

Read More