Other OTC:TBTC
Table Trac, Inc. Reports Year End Results for 2023
![table-trac,-inc.-reports-year-end-results-for-2023](https://recentslotreleases.com/wp-content/uploads/2024/03/134462-table-trac-inc-reports-year-end-results-for-2023.png)
MINNETONKA, Minn., March 29, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos announced financial results for the year ended December 31, 2023.
The 10-K can be found @ http://www.sec.gov
Year End Highlights
- Record $7 Million in Gross Profit
- Gross Margin percentage exceeds 74%
- Record reoccurring revenue of $4.9 Million a 42% increase over the prior year
- Table Trac declared and paid three quarterly dividends of $0.01/share.
- The CasinoTrac system was installed in thirteen locations during 2023. At the end of 2023, the Company had casino management systems, table games management systems and ancillary products installed with 110 casino operators in over 300 casinos worldwide.
- Table Trac established an office/showroom in Las Vegas
Year-to-Date Financial Results
Earnings per share remained strong at $0.35/share – diluted, which was consistent with 2022.
Recurring revenue accounted for 52.6% of total revenues.
Net Income for 2023 was $1,675,717 compared to $1,624,453 for 2022.
Management Commentary
Table Trac, Inc CFO Randy Gilbert commented: 2023 was another very strong year for Table Trac. We ended the year having installed thirteen new systems, expanding one of our current customers and we currently have four projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2024. Our reoccurring revenue continues to increase. Other sales, which included DataTrac and kiosk related products increased over 9% compared to 2022 and accounted for over 12% of our total revenue in 2023.
“Once again, Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building more ways we can sustain and deliver shareholder value and per share earnings.”, said Chad Hoehne, President & CEO
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, Australia as well as the Caribbean. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
CONTACT: Randy Gilbert Table Trac, Inc. 952-548-8877
Other OTC:TBTC
SlotSUITE Case Study Proves Revolutionary Results
![slotsuite-case-study-proves-revolutionary-results](https://recentslotreleases.com/wp-content/uploads/2024/08/139326-slotsuite-case-study-proves-revolutionary-results.png)
MINNETONKA, Minn., Aug. 28, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced they have published a case study outlining tremendous results brought about by their strategic partnership with TransAct Technologies.
The solution, SlotSUITE, a purpose-built software solution, unleashes the Unified flexibility of CasinoTrac CMS and the dynamic marketing capabilities of the Epicentral SE promotional and bonusing suite, operating on the CasinoTrac’s PlayerLINQ network – without additional infrastructure and often with existing peripheral equipment.
The Case Study explains customer-requested features to address VIP players avoiding promotions because of arduous manual tasks, required for participation. Throughout the six-month period, nearly one million dynamic entries were printed and the ancillary metrics surged; noteworthy expansion of rated play, win per unit, and coin-in are detailed in the report.
The full detail is available for download at https://casinotrac.com/events/slotsuite.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems and software. CasinoTrac CMS is operational in more than 300 casinos and 41 Native American tribes across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.casinotrac.com/.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, and POS automation. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!®, AccuDate®, EPICENTRAL®, Epic and Ithaca® brands. TransAct has sold over 3.9 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203)859-6800.
©2024 TRANSACT Technologies Incorporated. All rights reserved. TransAct®, BOHA!®, AccuDate®, Epic Edge®, EPICENTRAL® and Ithaca® are trademarks of TransAct Technologies Incorporated.
Forward-Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
CONTACT: For more information: Table Trac, Inc.: Investor Relations contact: Randy Gilbert [email protected] 952-548-8877 Media/Sales contact: Jeff Baldi [email protected] 702-521-0317 TransAct Technologies, Inc: Investor Relations Contact: Ryan Gardella [email protected] Sales Contact: John Dillon, CEO [email protected]
Other OTC:TBTC
Table Trac, Inc. Reports 2024 Second Quarter Earnings
![table-trac,-inc.-reports-2024-second-quarter-earnings](https://recentslotreleases.com/wp-content/uploads/2024/08/139040-table-trac-inc-reports-2024-second-quarter-earnings.png)
MINNETONKA, Minn., Aug. 13, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the three and six months ending June 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Second Quarter 2024 Highlights
- The Company installed two systems, our distributors expanded our system in new and current locations during the quarter.
- The Company has four customer contracts in backlog as of June 30, 2024. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed one new contract.
Financial Results
System revenue for the quarter was $2M compared to $907K in 2023, an increase of approximately 125%.
Net income for the quarter was $806,570 compared to $571,380 in 2023.
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended June 30, 2024 and 2023:
For the Three Months Ended | ||||||||
June 30, | ||||||||
2024 | 2023 | |||||||
Basic and diluted earnings per share calculation: | ||||||||
Net income | $ | 806,570 | $ | 571,380 | ||||
Weighted average number of common shares outstanding – basic | 4,574,365 | 4,552,450 | ||||||
Basic net income per share | $ | 0.18 | $ | 0.13 | ||||
Weighted average number of common shares outstanding – diluted | 4,627,039 | 4,617,648 | ||||||
Diluted net income per share | $ | 0.17 | $ | 0.12 |
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the six months ended June 30, 2024 and 2023:
For the Six Months Ended | ||||||||
June 30, | ||||||||
2024 | 2023 | |||||||
Basic and diluted earnings per share calculation: | ||||||||
Net income to common stockholders | $ | 818,231 | $ | 907,241 | ||||
Weighted average number of common shares outstanding – basic | 4,574,365 | 4,552,220 | ||||||
Basic net income per share | $ | 0.18 | $ | 0.20 | ||||
Weighted average number of common shares outstanding – diluted | 4,615,661 | 4,624,436 | ||||||
Diluted net income per share | $ | 0.18 | $ | 0.20 |
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877
Other OTC:TBTC
WinnaVegas & CasinoTrac™ announce Strategic Upgrades and Launch Latest Tech
![winnavegas-&-casinotrac-announce-strategic-upgrades-and-launch-latest-tech](https://recentslotreleases.com/wp-content/uploads/2024/08/139042-winnavegas-casinotrac-announce-strategic-upgrades-and-launch-latest-tech.png)
MINNETONKA, Minn., Aug. 13, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announced a major project coordinating system upgrades, new promotional kiosks, and mobile technology to consolidate disparate systems and launch cashless wagering with the Winnebago Tribe of Nebraska at WinnaVegas Casino Resort, in Sloan, IA.
“This is an exciting time for our guests and associates as we make another significant investment in the guest experience at WinnaVegas Casino Resort.” “We look forward to introducing these innovations to our guests and our continued development of the property. We continue to focus on exceeding our guest’s expectations, and we will continue to integrate the casino resort concept into the future growth plans of WinnaVegas,” said Vice President and General Manager, Tom Teesdale.
Chad Hoehne, President of Table Trac, Inc., stated, “WinnaVegas has long been an outstanding partner, and today, that relationship took a great step forward, with the launch of our latest technology, complementing substantial property upgrades and the addition of our fintech partner, Koin. “Hoehne added, “These projects are monumental for all parties. CasinoTrac is honored to be in the middle of it all.”
Gary Larkin, President of Koin, stated, “Partnering with WinnaVegas Casino Resort and CasinoTrac to roll out our integrated digital solutions marks a major advancement in the gaming experience. At Koin, we aim to deliver solutions that enhance customer experiences and streamline operations for our partners. We are thrilled to support WinnaVegas in their dedication to prioritize customer experience and to continue our mission to drive the digital ecosystem forward. “
WinnaVegas will deploy multiple new KioskTrac™ Loyalty Kiosks and KTMobile™, CasinoTrac’s native mobile application with fully integrated cashless wagering functionality enabled by Koin. Additionally, CasinoTrac’s interactive, intuitive Data Analytics Suite, DataTrac™, will be deployed to monitor and anticipate performance metrics.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells software and casino management systems for casino gaming operators. CasinoTrac is operational in over 300 casinos and 41 Native American tribes across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.com/.
About WinnaVegas Casino Resort
Since its opening in April 1992, WinnaVegas Casino Resort has evolved as an area leader in the hospitality industry and continues to be a significant contributor to the local economy. WinnaVegas Casino Resort is owned and operated by the Winnebago Tribe of Nebraska and is in its 32nd year of operation. WinnaVegas has grown over the years to become the largest gaming floor in the area with a total gaming space of 55,000 square feet with 12 table games and nearly 800 slot machines – the most in Siouxland! The resort features 78 well-appointed hotel rooms, an indoor pool, an indoor golf simulator experience, multiple dining options, a spacious event center, and multiple meeting rooms.
About Koin
Koin is a gaming resort solution that utilizes dynamic, fully integrated financial wallet features to offer customers access to their funds anywhere, anytime. Developed by company founder Gary Ellis in 2021, Koin provides a robust roster of digital funding options, including bank ACH transfer, debit cards, real-time payments, international transfers, and Marker Trax digital credit. It offers resort operators a fully integrated cage, table games, and retail management system. With casino and resort payment systems reducing merchant processing charges for all casino and resort retail payments and cash-out activities, and functionality making it easier for customers to access and utilize their funds, Koin is reimagining the gaming resort experience for the digital age. For more information, visit koinpayments.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
CONTACT: Investor Relations contact: Randy Gilbert [email protected] 952-548-8877 Media/Sales contact: Jeff Baldi [email protected] 702-521-0317
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