TrackingPoint announced the company has completed a restructuring of its finances and operations, and it is now working to fulfill its order backlog. The company is also accepting new orders.
As previously reported, the company stopped taking orders in the spring. According to a company statement, rapid growth (nearly 300% year over year) overwhelmed the company management.
“This is a new beginning for TrackingPoint,” said TrackingPoint CEO John McHale. “We will focus intently on the consumer, continue to innovate, and operate in a way that ensures long term success.”
As part of the restructuring, McHale, a company founder, returned to his former position as company CEO. John Lupher, another founder, has returned to the company and reassumed his previous role as vice president of engineering. The company’s investors include the Friedkin Group, Goff Capital Partners, and McHale Labs.