Other OTC:TBTC
Table Trac, Inc. Reports Record Year End Results for 2022
MINNETONKA, Minn., March 27, 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 announced financial results for the year ended December 31, 2022.
The 10-K can be found @ http://www.sec.gov
Year End Highlights
- Record $11 Million of Total Revenue, an increase of 58%.
- Record $2.18 Million of Income Before Taxes.
- Table Trac was recognized with a 2023 OTCQX Best 50 award which is given to the top 50 companies from the over 500 OTCQX listed companies for their performance during the 2022 calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX Best Market. Table Trac ranked number 25.
- The CasinoTrac system was installed in sixteen locations during 2022. At the end of 2022, the Company had casino management systems, table games management systems and ancillary products installed with on-going support and maintenance contracts with 100 casino operators in over 280 casinos worldwide.
Year-to-Date Financial Results
Overall revenues increased to $11,056,587 in 2022 from $6,966,683, reflecting a 103% increase in system sales and a 10% increase in other sales. Recurring revenue rose 12% and represented 31.7% of total revenues.
Income from operations for 2022 was $2,019,951 compared to $1,508,947 for 2021, a 34% increase.
Management Commentary
Table Trac, Inc CFO Randy Gilbert commented: 2022 was a very strong year for Table Trac. We ended the year having installed sixteen new systems, expanding one of our current customers and we currently have eight projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2023. System sales increased over 103% compared to 2022. Other sales, which included DataTrac and kiosk related products grew 92% compared to 2021 and accounted for almost 10% of our total revenue in 2022.
“I wish to express my gratitude to the great group of Table Trac Inc employees, who’s focus and dedication made this a record year for Table Trac Inc.” said Chad Hoehne, President & CEO. “It is your attention to customer service, quality product design and responsiveness to customer needs that makes me optimistic about Table Trac Inc’s continued success into the future.”
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
Powered by WPeMatico
Other OTC:TBTC
Table Trac Announces Quarterly Dividend
MINNETONKA, Minn., March 18, 2024 (GLOBE NEWSWIRE) — On March 14, 2024, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.01 per share. The dividend is payable on April 19, 2024 to shareholders of record at the close of business on April 5, 2024.
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.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
Other OTC:TBTC
Taos Mountain selects CasinoTrac™ CMS
MINNETONKA, Minn., March 12, 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 Taos Mountain Casino, in Taos, New Mexico. Taos Mountain casino will be the company’s first installation in New Mexico.
“Our Team at Taos Mountain Casino is very excited to work with the team at CasinoTrac. We were looking for a company that still believes in customer service. We believe we have found that with Casino Trac and their team. We look forward to building that relationship and all that they offer,” stated Ms. Jennifer Welty, General Manager, Taos Mountain Casino.
Chad Hoehne, President of Table Trac, Inc., stated, “We are excited and honored to be chosen by Jen and her team at Taos Mountain Casino.” Hoehne continued, “We are confident CasinoTrac’s highly secure, unified, and stable platform will help drive profits and top-notch player experience, the experiences players have come to expect, playing at the ‘Home of the Winning Smile.’”
Taos Mountain will install PlayerLINQ™-CasinoTrac’s 6.2” touchscreen player tracking interface, CTLoyalty™ and slot accounting solutions, along with DataTrac™, the company’s proprietary business intelligence and analytics platform.
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, 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
Other OTC:TBTC
CasinoTrac™ & TransAct® Announce Industry First Floor-wide, Single-Wire Printing Solution
MINNETONKA, Minn., Dec. 19, 2023 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announces it has completed a ‘First of its Kind’ integration project with TransAct Technologies (NASDAQ: TACT), to become the industry’s first CMS to provide a single-wire, On-Demand Printing solution, eliminating the hassle of redundant networking gear or infrastructure.
In this new environment, casino operators can deploy PromoTrac OnDemand™, with Epicentral®, thru CasinoTrac’s 6.2 CT VSMIB player tracking interface, with Epic Edge® and/or Epic 950® printers. In addition to and leveraging the cutting-edge features of the Epicentral platform, CasinoTrac SelfPay™ keeps your players playing, by handling accumulated credit payouts, jackpots and even taxable w2G events, in less than 60 seconds.
Chad Hoehne, President of Table Trac, Inc., explained, “CasinoTrac system owners know they can integrate with great features like TransAct’s Epicentral using their integration-friendly, API-driven CasinoTrac CMS. We were excited to work with TransAct’s great team to innovate the one wire solution, combining CasinoTrac’s powerful in-game hardware platform with TransAct’s Epicentral SE designer and print server to deliver high resolution graphic promotional coupons, pre-filled drawing entries, and more to the guest, right at their game.” Hoehne elaborated further, “This solution provides a ton of functionality and flexibility, is simple, lightweight to deploy and generates tremendous cost savings by eliminating additional in-game hardware and multiple networks!”
“We are proud to partner with CasinoTrac on the groundbreaking integration,” said John Dillon, Chief Executive Officer of TransAct. “The need for redundant networking within a casino’s operations in order to utilize Epicentral has long been a barrier for new customers, and I am happy to announce that this partnership solves that logistical challenge for CasinoTrac’s considerable install base. We believe this will open the door to additional white space for both our Epicentral and casino printer products across a number of markets and builds a strong connection between CasinoTrac and TransAct going forward.”
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells CasinoTrac CMS, a casino management system, and complementary operations, analytical software for gaming and hospitality operators. CasinoTrac is operational in 300 casinos 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, Inc.
TransAct Technologies Incorporated is a global leader in developing 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 3.3 million printers and terminals 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 transactsupplies.com and through its direct sales team.
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 Table Trac, Inc. Investor Relations Contact: Randy Gilbert [email protected] Media & Sales Contact: Jeff Baldi [email protected] For TransAct Technologies Investor Relations Contact: Ryan Gardella [email protected] Sales Contact: John Dillon, CEO [email protected]
-
Central Europe6 days ago
HIPTHER’s Prague Gaming & TECH Summit 2024 reaches new milestones with record registrations and prominent sponsors
-
Africa6 days ago
A Comparative Analysis Of Land-Casinos and Online Casinos in South Africa 2024
-
Africa6 days ago
A Comparative Analysis Of Land-Casinos and Online Casinos in South Africa 2024
-
Latest News6 days ago
Svenska Spel Strengthens Management Team
-
Central Europe6 days ago
HIPTHER’s Prague Gaming & TECH Summit 2024 Boasts All-star Sponsors and Record Registrations
-
Asia6 days ago
Crane Payment Innovations partners with Mohegan INSPIRE’s Casino
-
Canada6 days ago
iGaming Ontario Seeks Proposals for a Centralized Self-exclusion Solution Until April 24, 2024
-
Latest News6 days ago
Week 12/2024 slot games releases