Other OTC:TBTC
Table Trac, Inc. Named to 2023 OTCQX Best 50
MINNETONKA, Minn., Jan. 18, 2023 (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, is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.
“A company needs to meet a high-level standard for performance, governance, independence and reporting to even be considered to trade on the OTCQX. To be in the top 5% of those 600 companies and to have moved from the 47th position in 2022 to the 25th position in 2023 is something we are extremely proud of.” said Chad Hoehne, President of Table Trac, Inc.
For the complete 2023 OTCQX Best 50 ranking, visit: https://www.otcmarkets.com/files/2023_OTCQX_Best_50.pdf
The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
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/.
CONTACT: Media Contact: Robert Siqveland Table Trac, Inc. 952-548-8877
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LAS VEGAS, May 07, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc., (OTCQX: TBTC) a unified platform for Casino Operations, Management, and Player Loyalty, announced today that its mobile application, KTMobile, has successfully completed field trail and is approved for use in Nevada, by the Nevada Gaming Control Board.
KTMobile is a suite of native mobile apps for Android and iOS devices that offers casino guests an easy-to-use interface to access their account information, view promotions and advertisements. These apps also allow guests access to loyalty features like those available at promotional kiosks.
KTMobile is also a virtual player’s card, which supports the transfer of credits between a guest’s account and an electronic gaming device. KTMobile is ideally deployed with PlayerLINQ™, CasinoTrac’s 6.2” touchscreen player tracking interface, bringing all the CTLoyalty™ functions for patron marketing, offers, promotions, and games right into the hands of you guests; however, is available for legacy CasinoTrac interfaces.
Chad Hoehne, President, and CEO said, “My favorite feature Is the virtual player card functions that allow the guest to ‘card-in’ to a machine, and control their points, free play, and other cashless wallet transfers to and from the game, by remote control!”
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino management systems and software. CasinoTrac is operational in more than 300 casinos, 40 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/.
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
MINNETONKA, Minn., April 16, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announced a new agreement to replace a competitor’s system with the CasinoTrac™ casino management system, at Saddle West Hotel Casino & RV Resort, in Pahrump, NV.
Executive management at Saddle West expressed excitement about working with CasinoTrac, selecting the CMS because it, “seems like a perfect fit their operations. The a la carte features, security offered through the lightweight server footprint, solid warranties, upgrades, and lifetime licensing set CasinoTrac head and shoulders above the competition.”
Chad Hoehne, President of Table Trac, Inc., stated, “Thank you Saddle West, we are grateful for being recognized by such a reputable operator.” Hoehne continued, “This is a significant step in our expansion plans, adding an additional operator in southern Nevada. We look forward to a long, beneficial relationship.”
Saddle West Casino will deploy PlayerLINQ™-CasinoTrac’s 6.2” touchscreen player tracking interface, CTLoyalty™ for all patron marketing, promotions administration & management, and slot accounting solutions.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino management systems and software. CasinoTrac is operational in more than 300 casinos, 40 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/.
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
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
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