Other OTC:TBTC
Table Trac, Inc. Reports 2023 First Quarter Earnings
MINNETONKA, Minn., May 12, 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 three months ending March 31, 2023.
The 10-Q can be found @ http://www.sec.gov
First Quarter 2023 Highlights
- The Company installed one system at a new customer location, expanded the services at an existing customer and our distributors expanded our system in new and current locations during the quarter.
- The Company had five customer contracts in backlog as of March 31, 2023. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts with an existing customer.
First Quarter 2023 Financial Results
Maintenance revenue for the quarter was $1.2M compared to $799K in 2022, an increase of approximately 51%.
Service and other revenue for the quarter was $274K compared to $177K in 2022, an increase of approximately 58%.
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 March 31, 2023 and 2022:
| For the Three Months Ended | |||||
| March 31, | |||||
| 2023 | 2022 | ||||
| Basic and diluted earnings per share calculation: | |||||
| Net income | $ | 335,861 | $ | 1,261,840 | |
| Weighted average number of common shares outstanding – basic | 4,551,988 | 4,521,988 | |||
| Basic net income per share | $ | 0.07 | $ | 0.28 | |
| Weighted average number of common shares outstanding – diluted | 4,626,930 | 4,596.037 | |||
| Diluted net income per share | $ | 0.07 | $ | 0.27 | |
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:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877
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MINNETONKA, Minn., March 19, 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 year ended December 31, 2024.
The 10-K can be found @ http://www.sec.gov
2024 Highlights
Record Gross Revenue
Record maintenance revenue of $5.37 Million, an approximate 8% increase over the prior year.
Maintenance revenue accounted for 48.2% of total revenues.
Other revenue increased 44.7% as a result of an increase in recurring monthly fees relating to DataTrac and SlotSuite.
Table Trac declared and paid three quarterly dividends of $0.01/share.
The CasinoTrac system was installed in eight locations during 2024. At the end of 2024, Table Trac had casino management systems, table games management systems and ancillary products installed with approximately 115 casino operators in over 300 casinos worldwide.
Earnings per share remained strong at $0.34/share – diluted.
Management Commentary
Table Trac, Inc CFO Randy Gilbert commented: 2024 was another strong year for Table Trac. The company ended the year having installed eight new systems and had five projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2025. Our maintenance revenue continues to increase. One of the most significant developments was the increase in recurring fees related to DataTrac and SlotSuite.
Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building contemporary 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. 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
Chief Financial Officer
Table Trac, Inc.
952-548-8877 or [email protected]
MINNETONKA, Minn., March 18, 2025 (GLOBE NEWSWIRE) — The Association of Gaming Equipment Manufacturers (AGEM) announced on March 14, 2025 that its membership elected a new Board of Directors at its 2025 Annual Meeting. Table Trac’s CFO, Randy Gilbert has been appointed as a Director.
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. More information is available at https://www.CasinoTrac.com/.
About AGEM
AGEM is a non-profit international technology trade association representing manufacturers and suppliers of electronic gaming devices, lotteries, systems, iGaming / online, game content, table games, sports betting, key components and support products and services for the gaming industry. AGEM works to further the interests of gaming equipment suppliers throughout the world. Through political action, regulatory influence, trade show partnerships, educational alliances, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM assists regulatory agencies and participates in the legislative process to solve problems and create a business environment where AGEM members can prosper while providing a strong level of support to education and responsible gaming initiatives. For more information, visit www.AGEM.org.
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
Chief Financial Officer
Table Trac, Inc.
952-548-8877
MINNETONKA, Minn., Feb. 28, 2025 (GLOBE NEWSWIRE) — On February 28,2025 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 March 28, 2025 to shareholders of record at the close of business on March 14, 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 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. 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.
For more information:
Randy Gilbert
Table Trac, Inc.
952-548-8877
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