Other OTC:TBTC
Table Trac, Inc. Reports 2023 Third Quarter Earnings
MINNETONKA, Minn., Nov. 13, 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 and nine months ending September 30, 2023.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2023 Highlights
- The Company installed four systems and our distributors expanded our system in new and current locations during the quarter.
- The Company had six customer contracts in backlog as of September 30, 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.
Financial Results
Maintenance revenue for the quarter was $1.3M compared to $883K in 2022, an increase of approximately 48%.
Gross profit for the nine months ending was $5.16M as compared to $4.98M in 2022.
Net income for the nine months ending was $1,079,239 as compared to $1,309,642 in 2022.
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 September 30, 2023 and 2022:
| For the Three Months Ended | |||||||
| September 30, | |||||||
| 2023 | 2022 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income | $ | 171,998 | $ | 290,126 | |||
| Weighted average number of common shares outstanding – basic | 4,552,988 | 4,521,988 | |||||
| Basic net income per share | $ | 0.04 | $ | 0.06 | |||
| Weighted average number of common shares outstanding – diluted | 4,606,488 | 4,566,679 | |||||
| Diluted net income per share | $ | 0.04 | $ | 0.06 | |||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the nine months ended September 30, 2023 and 2022:
| For the nine Months Ended | |||||||
| September 30, | |||||||
| 2023 | 2022 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income to common stockholders | $ | 1,079,239 | $ | 1,309,642 | |||
| Weighted average number of common shares outstanding – basic | 4,552,481 | 4,521,988 | |||||
| Basic net income per share | $ | 0.24 | $ | 0.29 | |||
| Weighted average number of common shares outstanding – diluted | 4,610,786 | 4,560,604 | |||||
| Diluted net income per share | $ | 0.23 | $ | 0.29 | |||
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
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
MINNETONKA, Minn., Feb. 18, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced it will deliver its most comprehensive stack of Loyalty, Bonusing, & Operations technology to the Shoalwater Bay Casino. Together, the companies will upgrade the slot network to CasinoTrac’s high-speed, Secure, Unified, and Stable PlayerLINQ™ network, which drives player engagement through the programmatic, custom SlotSUITE™ platform while turbo charging efficiency and time on device with SelfPAY™.
“We are beyond excited to expand our relationship with CasinoTrac through the adoption of their PlayerLINQ, RePrintEnroll, and SlotSuite products. At Shoalwater Bay Casino, our intimate relationship with our players is essential to our continued success, and we know that bond can only strengthen with the inclusion of CasinoTrac’s amazing player engagement systems,” said David Johnson, Marketing Manager of Shoalwater Bay Casino. “Whether it be the ability for players to enroll in Players Club or receive benefits at-will through a kiosk, or to receive offers and information at the machine while playing, we are confident that what CasinoTrac offers will maximize that interpersonal player experience in this rapidly evolving digital world.”
“We are thrilled to expand our relationship with Shoalwater Bay Casino, our partner for nearly eight years. Their trust in our people and solutions is an honor,” said Chad Hoehne, president and CEO of Table Trac, Inc. “We strive to provide exceptional technology and enhance customer experiences, ensuring patrons enjoy their time while the management operates within a secure and proven system.”
Shoalwater Bay will experience unparalleled advantages, as CasinoTrac automates marketing efforts, significantly reduces jackpot payout times, accelerates play velocity, and expertly reaches un-carded players.
About Shoalwater Bay Casino
Shoalwater Bay Casino is a staple of the Twin Harbors region in Pacific County, Washington. A primary economic driver for the Shoalwater Bay Tribe, it has been a major entertainment attraction for the town of Tokeland and the greater Westport to Raymond area for over 25 years. Shoalwater Bay Casino’s goal continues to be focused on providing the best in hospitality and gaming with a “locals, regulars” atmosphere, where every guest that walks in the door is treated like family coming home.
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.
The Company’s suite of management systems and kiosks are installed with ongoing support and maintenance contracts with 115 casino owner-operators in 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 set forth in the Company’s filings with the Securities and Exchange Commission.
| Media/Sales contact: | Investor Relations contact: |
| Jeff Baldi | Randy Gilbert |
| [email protected] | [email protected] |
| 702-521-0317 | 952-548-8877 |
MINNETONKA, Minn., Feb. 04, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced it will deliver its CasinoTrac casino management system (“CMS”) and its advanced operations and bonusing suite, SlotSUITE, to the Apache Nugget Corporation, a wholly owned business enterprise of the Jicarilla Apache Nation. Apache Nugget will implement this technology into all of its casino and resort operations, starting with its casino reopening near Cuba, N.M., on February 14.
“We’ve chosen CasinoTrac and SlotSUITE because they’re the leading technologies driving efficient operations and great player experiences across the casino industry,” said Tony J. Amormino, CEO of Apache Nugget. “We look forward to a long and fruitful relationship with Chad and his team.”
“We are thrilled to partner with Apache Nugget Corporation to bring our cutting-edge CasinoTrac CMS with SlotSUITE to their leading-edge gaming facilities,” said Chad Hoehne, president and CEO of Table Trac, Inc. “It Is our commitment to deliver unparalleled technology and customer experiences, ensuring that Apache Nugget Corporation’s patrons enjoy the highest levels of excitement while the management team operates in a secure system that Is unified for convenience and proven secure under fire.”
Apache Nugget has agreed to deploy CasinoTrac CMS across all planned gaming facilities. Its guests will enjoy the advanced technology and customer experience enabled by the PlayerLINQ network and end-to-end, best-of-breed security and unification that CasinoTrac sites have enjoyed for nearly 30 years.
Additionally, CasinoTrac’s powerful promotions engine – enhanced by SlotSUITE & SelfPAY – will drive next-generation benefits for the Apache Nugget Corporation, like helping automate marketing efforts, drastically reducing jackpot payout times, supporting increasing play velocity, and helping to reach un-carded hot players.
About Apache Nugget Corporation
Apache Nugget Corporation offers luxury hospitality and entertainment experiences across northern New Mexico. The company is owned by the Jicarilla Apache Nation; we honor the tribe in all we do, and its core values of family and belonging are at the center of our operations. For more information, visit www.apachenuggetcasino.com.
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.
The Company’s suite of management systems and kiosks are installed with ongoing support and maintenance contracts with 115 casino owner-operators in 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 set forth in the Company’s filings with the Securities and Exchange Commission.
| Media/Sales contact: | Investor Relations contact: |
| Jeff Baldi | Randy Gilbert |
| [email protected] | [email protected] |
| 702-521-0317 | 952-548-8877 |
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