Other OTC:TBTC

Table Trac, Inc. Reports Record Year End Results for 2022

Published

3 years ago

March 27, 2023

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

Other OTC:TBTC

Table Trac Announces Quarterly Dividend

Published

2 days ago

November 7, 2025

GlobeNewswire

MINNETONKA, Minn., Nov. 07, 2025 (GLOBE NEWSWIRE) — On November 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 December 12, 2025, to shareholders of record at the close of business on November 28, 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

For more information:
Randy Gilbert
Table Trac, Inc.
952-548-8877

Other OTC:TBTC

Table Trac, Inc. Reports 2025 Second Quarter Earnings

Published

3 months ago

August 13, 2025

GlobeNewswire

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.

Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.

Forward Looking Statements

For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877

Other OTC:TBTC

Table Trac Announces Quarterly Dividend

Published

3 months ago

August 11, 2025

GlobeNewswire

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.

Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.

Forward Looking Statements

For more information:
Randy Gilbert
Table Trac, Inc.
952-548-8877