Track Group, Inc. (OTC: TRCK)

Track Group, Inc. designs manufactures and markets location tracking devices and develops and sells related software services accessories networking solutions and monitoring applications.

The company’s core focus is the offender monitoring market where it provides integrated hardware and software tools that enable authorities to track individuals under judicial supervision.

Its product line includes the ReliAlert series of one piece GPS devices which can be paired with a range of software offerings such as the device agnostic IntelliTrack platform and the data analytics suite.

Track Group, Inc. distributes its solutions worldwide through a direct sales force and through value added resellers.

Track Group, Inc. generates revenue chiefly from daily lease fees charged for its GPS tracking devices.

In addition the company earns recurring subscription revenue for its software platform data analytics services and monitoring center support.

Customers may also purchase accessories such as the SecureCuff strap or the RF beacon which add to the overall service fee.

The company’s revenue model emphasizes long term contracts with government agencies which produce a predictable and stable cash flow.

Sales are made to federal state and local authorities in the United States as well as to Ministries of Justice and similar bodies abroad.

Track Group, Inc. operates in a highly competitive market where numerous vendors offer tracking hardware and monitoring software.

Competitive success depends on factors such as price product functionality reliability and the quality of customer service.

The company distinguishes itself through long standing relationships with government customers that often span multiple contract cycles.

Its device agnostic software platform can integrate with hardware from various manufacturers which adds flexibility for agencies.

Track Group, Inc. also benefits from an established analytics suite that delivers actionable insights for parole and probation departments.

An experienced senior management team and a reputation for reliable further strengthen its market position.

Track Group, Inc. serves a broad base of government clients including federal law enforcement agencies state departments of corrections county probation offices sheriff’s offices and municipal police departments within the United States.

Internationally the company works with Ministries of Justice prison services and other public safety organizations in countries such as the United Kingdom Canada Australia and various nations in Latin America and the Middle East.

The company’s customer list also includes agencies that use its solutions for pretrial release programs electronic monitoring and alcohol compliance monitoring.

By addressing both adult and juvenile populations Track Group, Inc. addresses a wide spectrum of correctional and public safety needs.