Other OTC:TBTC
Table Trac Announces Second Quarter 2022 Results
MINNETONKA, Minn., Aug. 11, 2022 (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 quarter ending June 30, 2022.
The 10-Q can be found @ http://www.sec.gov
Second Quarter Highlights
- The Company installed six systems at new locations, increased the number games at a current customer and our distributors expanded current locations and installed our system in over 40 new locations during the quarter.
- The Company installed a record number of games during Q2 2022
- The Company had seven customer contracts and one current customer expansion in backlog as of June 30, 2022 that are scheduled for installation before the end of the year.
Financial Results
Revenue for the second quarter of 2022 was $2,459,014 compared to revenue of $1,447,046 in 2021, an increase of approximately $1,012,000.
As of June 30, 2021 the company had a balance of $1,525,391, as a result of contract installations, which did not meet the revenue recognition collectability criterion. Based on management’s collectability review, this amount was not included in accounts receivable and revenue was only recognized as payments were received. During Q1 of 2022, based on management’s ongoing collectability assessment, $1,079,000 of this balance was determined to be collectable and was subsequently reported as revenue and included into accounts receivable. During the three months ended June 30, 2022, $2,829,200 for systems installed under contract have not been recorded as revenue or included in accounts receivable based on the collectability assessment performed by the Company. A change in the collectability assessment in a future period may allow the Company to recognize revenue prior to collecting cash.
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, 2022 and 2021:
| For the Three Months Ended | |||||||
| June 30, | |||||||
| 2022 | 2021 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income to common stockholders | $ | (242,324 | ) | $ | 153,635 | ||
| Weighted average number of common shares outstanding – basic | 4,521,988 | 4,511,988 | |||||
| Basic net income per share | $ | (0.05 | ) | $ | 0.03 | ||
| Weighted average number of common shares outstanding – diluted | 4,521,988 | 4,522,075 | |||||
| Diluted net income per share | $ | (0.05 | ) | $ | 0.03 | ||
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, 2022 and 2021:
| For the Six Months Ended | ||||||
| June 30, | ||||||
| 2022 | 2021 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income to common stockholders | $ | 1,019,516 | $ | 769,641 | ||
| Weighted average number of common shares outstanding – basic | 4,521,988 | 4,506,361 | ||||
| Basic net income per share | $ | 0.23 | $ | 0.17 | ||
| Weighted average number of common shares outstanding – diluted | 4,548,449 | 4,521,711 | ||||
| Diluted net income per share | $ | 0.22 | $ | 0.17 | ||
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:
Robert Siqveland
Table Trac, Inc.
952-548-8877
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MINNETONKA, Minn., Feb. 18, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced it will deliver its most comprehensive stack of Loyalty, Bonusing, & Operations technology to the Shoalwater Bay Casino. Together, the companies will upgrade the slot network to CasinoTrac’s high-speed, Secure, Unified, and Stable PlayerLINQ™ network, which drives player engagement through the programmatic, custom SlotSUITE™ platform while turbo charging efficiency and time on device with SelfPAY™.
“We are beyond excited to expand our relationship with CasinoTrac through the adoption of their PlayerLINQ, RePrintEnroll, and SlotSuite products. At Shoalwater Bay Casino, our intimate relationship with our players is essential to our continued success, and we know that bond can only strengthen with the inclusion of CasinoTrac’s amazing player engagement systems,” said David Johnson, Marketing Manager of Shoalwater Bay Casino. “Whether it be the ability for players to enroll in Players Club or receive benefits at-will through a kiosk, or to receive offers and information at the machine while playing, we are confident that what CasinoTrac offers will maximize that interpersonal player experience in this rapidly evolving digital world.”
“We are thrilled to expand our relationship with Shoalwater Bay Casino, our partner for nearly eight years. Their trust in our people and solutions is an honor,” said Chad Hoehne, president and CEO of Table Trac, Inc. “We strive to provide exceptional technology and enhance customer experiences, ensuring patrons enjoy their time while the management operates within a secure and proven system.”
Shoalwater Bay will experience unparalleled advantages, as CasinoTrac automates marketing efforts, significantly reduces jackpot payout times, accelerates play velocity, and expertly reaches un-carded players.
About Shoalwater Bay Casino
Shoalwater Bay Casino is a staple of the Twin Harbors region in Pacific County, Washington. A primary economic driver for the Shoalwater Bay Tribe, it has been a major entertainment attraction for the town of Tokeland and the greater Westport to Raymond area for over 25 years. Shoalwater Bay Casino’s goal continues to be focused on providing the best in hospitality and gaming with a “locals, regulars” atmosphere, where every guest that walks in the door is treated like family coming home.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions and vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry. Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with ongoing support and maintenance contracts with 115 casino owner-operators in 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features and ancillary products. More information is available at https://www.CasinoTrac.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.
| Media/Sales contact: | Investor Relations contact: |
| Jeff Baldi | Randy Gilbert |
| [email protected] | [email protected] |
| 702-521-0317 | 952-548-8877 |
MINNETONKA, Minn., Feb. 04, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced it will deliver its CasinoTrac casino management system (“CMS”) and its advanced operations and bonusing suite, SlotSUITE, to the Apache Nugget Corporation, a wholly owned business enterprise of the Jicarilla Apache Nation. Apache Nugget will implement this technology into all of its casino and resort operations, starting with its casino reopening near Cuba, N.M., on February 14.
“We’ve chosen CasinoTrac and SlotSUITE because they’re the leading technologies driving efficient operations and great player experiences across the casino industry,” said Tony J. Amormino, CEO of Apache Nugget. “We look forward to a long and fruitful relationship with Chad and his team.”
“We are thrilled to partner with Apache Nugget Corporation to bring our cutting-edge CasinoTrac CMS with SlotSUITE to their leading-edge gaming facilities,” said Chad Hoehne, president and CEO of Table Trac, Inc. “It Is our commitment to deliver unparalleled technology and customer experiences, ensuring that Apache Nugget Corporation’s patrons enjoy the highest levels of excitement while the management team operates in a secure system that Is unified for convenience and proven secure under fire.”
Apache Nugget has agreed to deploy CasinoTrac CMS across all planned gaming facilities. Its guests will enjoy the advanced technology and customer experience enabled by the PlayerLINQ network and end-to-end, best-of-breed security and unification that CasinoTrac sites have enjoyed for nearly 30 years.
Additionally, CasinoTrac’s powerful promotions engine – enhanced by SlotSUITE & SelfPAY – will drive next-generation benefits for the Apache Nugget Corporation, like helping automate marketing efforts, drastically reducing jackpot payout times, supporting increasing play velocity, and helping to reach un-carded hot players.
About Apache Nugget Corporation
Apache Nugget Corporation offers luxury hospitality and entertainment experiences across northern New Mexico. The company is owned by the Jicarilla Apache Nation; we honor the tribe in all we do, and its core values of family and belonging are at the center of our operations. For more information, visit www.apachenuggetcasino.com.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions and vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry. Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with ongoing support and maintenance contracts with 115 casino owner-operators in 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features and ancillary products. More information is available at https://www.CasinoTrac.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.
| Media/Sales contact: | Investor Relations contact: |
| Jeff Baldi | Randy Gilbert |
| [email protected] | [email protected] |
| 702-521-0317 | 952-548-8877 |
Other OTC:TBTC
Table Trac, Inc. Announces Multi-Year Tribal Education Scholarship for UNLV Harrah College of Hospitality
MINNETONKA, Minn., Jan. 15, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) a leading provider of casino management systems, is proud to announce a multi-year financial commitment to the William F. Harrah College of Hospitality at UNLV. This generous contribution is part of Table Trac’s ongoing commitment to fostering opportunity and development for under-served Native American communities.
Table Trac’s Tribal Education Scholarship will support students pursuing a hospitality management degree at the Harrah College of Hospitality. Students’ eligibility will be determined by their financial need and involvement in courses and programming related to the college’s Tribal Education Initiative, which is funded by the San Manuel Band of Mission Indians. The scholarship aims to help expand opportunities for Native Americans in the gaming and hospitality sectors in alignment with the central mission of the Tribal Education Initiative.
“We are thrilled to support the next generation of gaming & hospitality leaders,” said Chad Hoehne, President and CEO at Table Trac, Inc. “By providing these scholarships, we aim to empower students from diverse backgrounds to achieve their educational and professional goals.”
“Table Trac’s commitment to our Tribal Gaming Initiative and our students is truly humbling,” said David Cárdenas, dean of the Harrah College of Hospitality. “This gift helps us support and preserve the investments of Tribes in their gaming enterprises while creating economic opportunities for their next generation of leaders.”
The scholarship is open to all UNLV Hospitality College students in good academic standing and can be used for tuition, laptops, books, and application fees. The funds will be distributed as early as the spring 2025 semester.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products. More information is available at http://www.casinotrac.com/.
About the UNLV Harrah College of Hospitality
The UNLV Harrah College of Hospitality is consistently ranked as one of the top hospitality programs in the world (#1 in the nation and #4 globally by QS Top Universities by Subject 2024). Studying just blocks away from the heart of the hospitality industry—the Las Vegas Strip, Hospitality College students enjoy unparalleled access to hands-on, industry-relevant professional experience. Over 150 major hospitality brands visit campus each year to serve as subject matter experts, mentors, and recruiters, providing career pathways for students through internships, management training programs, and direct hiring. For more information, visit http://www.unlv.edu/hospitality.
About the UNLV Foundation
Founded in 1981, the UNLV Foundation’s primary goal is to support UNLV as an institution committed to cutting-edge research, diversity, equity, inclusion and belonging, and academic success. The mission of the UNLV Foundation is to increase philanthropic support for the University, grow its endowment for long-term financial stability, and enhance the future growth of UNLV. For more information about the UNLV Foundation, please visit www.unlv.edu/philanthropy.
CONTACT: Media contact: Jeff Baldi [email protected] 702-521-0317 Investor Relations contact: Randy Gilbert [email protected] 952-548-8877
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