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TRCK Track

Track Group designs, manufactures, and markets location tracking devices; as well as develops and sells a variety of related software, services, and accessories, networking solutions, and monitoring applications. 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.

Company profile

Ticker
TRCK
Exchange
CEO
Derek Cassell
Employees
Incorporated
Location
Fiscal year end
Former names
REMOTE MDX INC, SecureAlert, Inc., VOLU SOL INC
SEC CIK
IRS number
870543981

TRCK stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 21
31 Jul 21
30 Oct 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Track earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.68M 6.68M 6.68M 6.68M 6.68M 6.68M
Cash burn (monthly) (positive/no burn) 83.88K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 336.56K n/a n/a n/a n/a
Cash remaining n/a 6.34M n/a n/a n/a n/a
Runway (months of cash) n/a 75.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Competition
Orthofix MedicalSilicomSuperCom
Risks
  • We face risks related to our substantial indebtedness, including risk related to the repayment of our short-term indebtedness.
  • Our high degree of leverage could have adverse consequences to us, including:
  • We may not be able to generate sufficient cash to service all of our indebtedness, and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
  • If our cash flows and capital resources are insufficient to fund our debt service obligations, we may be forced to reduce or delay investments and capital expenditures, sell assets, seek additional capital, or restructure or refinance our indebtedness.
  • There is no certainty that the market will continue to accept or expand the use of our products and services.
  • Budgetary issues faced by government agencies could adversely impact our future revenue.
  • We rely on significant suppliers for key products and cellular access. If we do not renew these agreements when they expire, we may not continue to have access to these suppliers’ products or services at favorable prices or in volumes as we have in the past, which could adversely affect our results of operations or financial condition.
  • Our research, development, marketing and export activities are subject to government regulations. The cost of compliance or the failure to comply with these regulations could adversely affect our business, results of operations and financial condition.
  • We face intense competition, including competition from entities that are more established and may have greater financial resources than we do, which may make it difficult for us to establish and maintain a viable market presence.
  • We are dependent upon certain customers, the loss of which may adversely affect our results of operations and business condition.
  • Our business plan is subject to the risks of technological uncertainty, which may result in our products failing to be competitive or readily accepted by our target markets.
  • We face risks of litigation and regulatory investigation and actions in connection with our operations.
  • Our products are subject to the risks and uncertainties associated with the protection of intellectual property and related proprietary rights.
  • We conduct business internationally with a variety of sovereign governments.
  • Our business is subject to risks arising from epidemic diseases, such as the recent global outbreak of the COVID-19 coronavirus.
  • We may experience temporary service interruptions for a variety of reasons, including telecommunications or power failures, fire, water damage, vandalism, civil unrest, computer bugs or viruses, malicious cyber-attacks or hardware failures.
  • We currently have two independent directors sitting on our Board of Directors.
  • The success of our business depends on achieving our strategic objectives, including acquisitions, dispositions and restructurings.
  • We may not be able to grow successfully through our recent acquisitions or through future acquisitions, we may not successfully manage future growth, and we may not be able to effectively integrate businesses that we may acquire.
  • We are exposed to fluctuations in currency exchange rates.
  • The dollar cost of our operations internationally could increase as a result of increases or decreases in the rate of inflation or devaluation of the local currency in relation to the dollar, which may harm our results of operations.
  • International political, economic and military instability may impede our ability to execute our plan of operations.
  • Certain individuals and groups own or control a significant number of our outstanding shares.
  • Our Board of Directors may authorize the issuance of preferred stock and designate rights and preferences that will dilute the ownership and voting interests of existing stockholders without their approval.
  • Sales by certain of our stockholders of a substantial number of shares of our Common Stock in the public market could adversely affect the market price of our Common Stock.
  • A decline in the price of our Common Stock could affect our ability to raise additional working capital and adversely impact our operations and would severely dilute existing or future investors if we were to raise funds at lower prices.
  • If we issue additional shares of Common Stock in the future, it will result in the dilution of our existing stockholders.
  • Trading of our Common Stock may be volatile and sporadic, which could depress the market price of our Common Stock and make it difficult for our stockholders to resell their shares.
Management Discussion
  • Item 7.      Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act. All statements contained in this Annual Report on Form 10-K (“Annual Report”) other than statements of historical fact are forward-looking statements. When used in this report or elsewhere by management from time to time, the words “believe”, “anticipate”, “intend”, “plan”, “estimate”, “expect”, “may”, “will”, “should”, “seeks” and similar expressions are forward-looking statements. Such forward-looking statements are based on current expectations, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors. For a more detailed discussion of such forward-looking statements and the potential risks and uncertainties that may impact upon their accuracy, see Item 1A entitled “Risk Factors” in Part I of this Annual Report and the “Overview” and “Liquidity and Capital Resources” sections of this Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. These forward-looking statements reflect our view only as of the date of this report. Except as required by law, we undertake no obligations to update any forward-looking statements. Accordingly, you should also carefully consider the factors set forth in other reports or documents that we file from time to time with the SEC.
  • We intend for this discussion to provide the reader with information that will assist in understanding our financial statements, the changes in certain key items in those financial statements from year to year, and the primary factors that accounted for those changes, as well as how certain accounting principles affect our financial statements.
Content analysis
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