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., Aug. 13, 2025 (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, 2025.
The 10-Q can be found @ http://www.sec.gov
Second Quarter 2025 Highlights
- The Company installed one system at a new customer location.
- The Company had two customers with system contracts in backlog as of June 30, 2025. The company anticipates that these contracts will be installed during the third quarter of 2025. As of the filing date of this report, the Company signed one new contract.
Second Quarter 2025 Financial Results
- Maintenance revenues increased 19.4% from $1.32M in 2024 to $1.58M in 2025.
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, 2025 and 2024:
| For the Three Months Ended | |||||||
| June 30, | |||||||
| 2025 |
2024 |
||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income | $ | 144,782 | $ | 806,570 | |||
| Weighted average number of common shares outstanding – basic | 4,600,023 | 4,574,365 | |||||
| Basic net income per share | $ | 0.03 | $ | 0.18 | |||
| Weighted average number of common shares outstanding – diluted | 4,660,492 | 4,627,039 | |||||
| Diluted net income per share | $ | 0.03 | $ | 0.18 | |||
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, 2025 and 2024:
| For the Six Months Ended | |||||||
| June 30, | |||||||
| 2025 |
2024 |
||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income to common stockholders | $ | 927,021 | $ | 818,231 | |||
| Weighted average number of common shares outstanding – basic | 4,588,355 | 4,574,365 | |||||
| Basic net income per share | $ | 0.20 | $ | 0.18 | |||
| Weighted average number of common shares outstanding – diluted | 4,641,787 | 4,615,661 | |||||
| Diluted net income per share | $ | 0.20 | $ | 0.18 | |||
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 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/.
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
MINNETONKA, Minn., Aug. 11, 2025 (GLOBE NEWSWIRE) — – On August 7, 2025, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.02 per share. The dividend is payable on September 12, 2025, to shareholders of record at the close of business on August 29, 2025.
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 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.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
Table Trac, Inc.
952-548-8877
MINNETONKA, Minn., Aug. 05, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced that a new Nevada casino partner is installing the CasinoTrac CMS system, and a long-time customer is upgrading from our classic system to our latest comprehensive technology stack featuring enhanced capabilities for Loyalty, Bonusing, & Operations.
Barton’s Club 93 Casino Hotel, under new ownership, GLM Gaming, LLC, as part of a significant property remodel and renovation is upgrading the slot system to CasinoTrac’s high-speed, Secure, Unified, and Stable PlayerLINQ™ network, which drives player engagement through the programmatic, custom SlotSUITE™ platform while turbocharging efficiency and time on device with SelfPAY™. Additionally, implementing KTMobile™ for patron connectivity and cardless ease, and DataTrac for next-generation Loyalty marketing, operations data analytics, and visualizations.
“Investing in and deploying new technology that will materially enhance our patrons’ experience on and off property is extremely exciting for us. The robust functionality of CasinoTrac’s suite of products continues to help us reach our operational goals and grow our business expeditiously,” said Christian Goode, President and CEO of GLM Gaming LLC.
Border Inn Casino will deploy CasinoTrac’s high-speed, Secure, Unified, and Stable PlayerLINQ™ network, NV Tech Standard 3-compliant accounting, and CTLoyalty™ for Patron & Club Management, powered by CasinoTrac’s bonusing, auto-tiering, and reflexive rewards functions.
“CasinoTrac is a lifesaver and a no-brainer. They enhance our customer experience while improving the efficiency of our gaming staff. Our only regret is that we didn’t get a chance to implement their solution sooner,” said Cang Quach, President of Border Inn Casino, Inc.
“We are thrilled to expand our footprint in Nevada. The Border Inn Casino is our 44th casino in the state; together with the expansion of CasinoTrac at Barton’s Club 93 is a testament to our CMS-first technology position and the dedication of our team,” said Chad Hoehne, president and CEO of Table Trac, Inc. “Supportive, not restrictive technology and enhanced customer experiences, are the bedrock of our customer success strategy, to ensure patrons enjoy their time while the management operates within a secure and proven system.”
About Barton’s Club 93
Located in Jackpot, Nevada, on the Nevada–Idaho border, Barton’s Club 93 is a premier gaming and hospitality destination featuring 320 slot machines, 12 table games, and a 100-room hotel. Known for its welcoming atmosphere and top-notch service, Barton’s Club 93 offers guests an exciting gaming experience, comfortable accommodations, and convenient access to dining and entertainment.
About Border Inn Casino
The Border Inn Casino is a cozy and unique mountain‑side destination offering a lively gaming experience nestled right on the Utah-Nevada Border. With 30 slot machines, it provides a laid‑back getaway in a charming rustic setting, paired with an onsite restaurant, bar, gas station, and coffee shop for grabbing a bite or drink while you relax. Guests appreciate our hospitable staff, pet-friendly environment, and mountain‑range vibes. When you’re ready to refuel, you’ll find a 24/7 café and market serving hearty plates and breakfasts, plus RV hookups, motel rooms, and EV charging — making it a perfectly unexpected but welcome stop when exploring the HWY 50 a.k.a. “Loneliest Road in America.” We are only 7 miles from the visitor center for Great Basin National Park, renowned for its majestic 13,000-foot Wheeler Peak, spectacular Lehman Caves, and designated Dark Skies.
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, regulator-approved slot and table game accounting, 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. Paramount in our extensive Intellectual Property catalog is the Company’s patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks is installed with ongoing support and maintenance contracts with 115 casino owner-operators and 40+ sovereign Indian tribes, 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 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 outlined in the Company’s filings with the Securities and Exchange Commission.
| Media/Sales contact: Jeff Baldi [email protected] 702-521-0317 |
Investor Relations contact: Randy Gilbert [email protected] 952-548-8877 |
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