TRCK — what changed in the latest 10-Q
A section-by-section comparison of TRCK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −13 | ~27 | 15 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | +1 | 0 | ~3 | 1 |
| Risk factors | Some risk factors updated | 0 | −2 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
ReliAlert®XC5 is our next-generation flagship GPS device, designed to set a new standard for security, performance, and reliability in electronic monitoring. Operating on the LTE network, XC5 combines patented real-time three-way voice communication, enhanced indoor location capabilities, and a 100-…
ReliAlert®XC4 is our flagship GPS device, which is among the safest and most reliable monitoring devices ever made. XC4 is a one-piece GPS device with patented 3-way voice communication to assist intervention efforts, now on the LTE network with increased battery life. This device includes on-board …
During the three months ended June 30, 2026, gross profit totaled $4,235,719, resulting in a gross margin of approximately 47%. During the three months ended June 30, 2025, gross profit totaled $4,591,441, resulting in a gross margin of approximately 51%. The decrease in absolute gross profit of $35…
During the three months ended June 30, 2026, selling and marketing expense totaled $870,500 compared to $858,789 for the three months ended June 30, 2025. The increase of $11,711, or approximately 1%, resulted largely from higher outside services and payroll, benefits and payroll taxes, partially of…
During the nine months ended June 30, 2026, general and administrative expense totaled $6,706,694 compared to $6,636,680 for the nine months ended June 30, 2025. The increase of $70,014 or approximately 1% is due to an increase in payroll, benefits, and payroll taxes of $121,049 due to an increase i…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
ReliAlert®XC4 is our flagship GPS device, which is among the safest and most reliable monitoring devices ever made. It is the only one-piece GPS device with patented 3-way voice communication to assist intervention efforts, now on the LTE network with increased battery life. This device includes on-…
During the three months ended March 31, 2026, gross profit totaled $4,491,135, resulting in a gross margin of approximately 50%. During the three months ended March 31, 2025, gross profit totaled $4,113,966, resulting in a gross margin of approximately 49%. The increase in absolute gross profit of $…
During the three months ended March 31, 2026, selling and marketing expense totaled $909,981 compared to $964,743 for the three months ended March 31, 2025. The decrease of $54,762 or approximately 6% resulted largely from lower bad debt expense of $103,667, partially offset by an increase in travel…
During the six months ended March 31, 2026, general and administrative expense totaled $4,474,179 compared to $4,558,263 for the six months ended March 31, 2025. The decrease of $84,084 or approximately 2% is due to a decrease in legal settlements of $180,000 due to a settlement with Commonwealth of…
For the six months ended March 31, 2026, other expense totaled $1,325,588 compared to $2,599,236 for the six months ended March 31, 2025, a decrease of $1,273,648. The decrease in other expense is largely due to a decrease in currency exchange rate loss of $1,378,505, partially offset by an increase…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-14
Yaw Appiah v. Track Group, Inc. On June 29, 2026, a small claims action seeking $9,800 was filed against the Company in Will County, Illinois alleging that the Company’s monitoring device caused a rash and infection of the leg of plaintiff. The company disputes the allegations contained in the compl…
Risk factors
Text removed vs the prior filing · source: 10-Q · 2026-05-08
We face risks related to our substantial indebtedness, including risks related to the current extension of interest payments owed to Conrent and the repayment of our outstanding debt to Conrent when the same becomes due and payable.
As of March 31, 2026, excluding deferred financing costs, we had $42,864,000 of principal debt owed to Conrent, of which $0 becomes due and payable within the next 12 months, and $42,864,000 matures in 2027. We have $3,967,301 of interest accrued at March 31, 2026 related to our debt owed to Conrent…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice