Track Group, Inc. announced consolidated audited earnings results for the fiscal year ended September 30, 2015. For the year, the company recorded total revenues of $20,792,715 compared to $12,252,198 a year ago. Loss from operations is $8,225,474 compared to $7,747,999 a year ago. Net loss before tax was $5,648,345 compared to $8,692,300 a year ago. Net loss attributable to common shareholders was $5,668,701 compared to $8,762,429 a year ago. Net loss per common share basic and diluted was $0.56 compared to $0.88 a year ago. Net cash used in operating activities was $915,225 compared to 4,582,288 a year ago. Purchase of property and equipment was $265,065 against $544,126 a year ago. Capitalized software was $567,287. Purchase of monitoring equipment and parts was $1,201,200. Leasehold improvements were $422,544 against $1,330,068 a year ago. Non GAAP adjusted operating EBITDA was $1,225,000 against non GAAP adjusted operating LBITDA of $2,045,000 a year ago. Non-GAAP EPS, basic and diluted was $0.12 against Non-GAAP LPS, basic and diluted of $0.21 a year ago.

For the fiscal year 2016 and 2017 the company provided earnings guidance. For the fiscal year 2016, the company expects $28 million to $31 million. Adjusted EBITDA margin expected to be in the range of 15% to 20%.

For the fiscal year 2017, the company expects $42 million to $47 million. Adjusted EBITDA margin expected to be in the range of 25% to 30%.