Other OTC:TBTC
Table Trac, Inc. Reports Year End Results for 2023
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
MINNETONKA, Minn., Nov. 14, 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 nine months ending September 30, 2025.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2025 Highlights
- The Company had a customer with a system contract in backlog as of September 30, 2025. The Company anticipates that this contract will be installed during the first quarter of 2026. In addition, as of the filing date of this report, the Company signed one new contract.
Third Quarter 2025 Financial Results
- Maintenance revenues increased 6.3% from $1.38M in 2024 to $1.47M 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 September 30, 2025 and 2024:
| For the Three Months Ended | ||||||
| September 30, | ||||||
| 2025 | 2024 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income | $ | 58,352 | $ | 292,379 | ||
| Weighted average number of common shares outstanding – basic | 4,601,110 | 4,575,068 | ||||
| Basic net income per share | $ | 0.01 | $ | 0.06 | ||
| Weighted average number of common shares outstanding – diluted | 4,676,672 | 4,622,938 | ||||
| Diluted net income per share | $ | 0.01 | $ | 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, 2025 and 2024:
| For the Nine Months Ended | ||||||
| September 30, | ||||||
| 2025 | 2024 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income to common stockholders | $ | 985,374 | $ | 1,110,610 | ||
| Weighted average number of common shares outstanding – basic | 4,592,638 | 4,575,068 | ||||
| Basic net income per share | $ | 0.21 | $ | 0.24 | ||
| Weighted average number of common shares outstanding – diluted | 4,657,538 | 4,621,840 | ||||
| Diluted net income per share | $ | 0.21 | $ | 0.24 | ||
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, CFO
Table Trac, Inc.
952-548-8877
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
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., 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.
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, CFO
Table Trac, Inc.
952-548-8877
-
BGaming7 days agoWeek 47/2025 slot games releases
-
Latest News7 days agoN1 Partners at Affiliate World Asia 2025: The Place Where Top Deals Come True
-
sportsbook6 days ago
Betting Bonuses and Sportsbook Promos for 2025: BetWhale Redefines Online Sportsbook Rewards with 200% Welcome Offer
-
Amusnet4 days ago
Amusnet CEO Ivo Georgiev Honoured with Golden Medal by the Technical University of Sofia
-
Åland4 days ago
Kambi Group plc and Paf sign long-term sportsbook partnership extension
-
Snoqualmie6 days ago
Snoqualmie Casino & Hotel and 100.7 The Wolf Raise over $400,000 for Veterans at “The Wolf’s Operation K9 Companion” Benefit Concert Featuring Chris Janson
-
Balkan Entertainment & Gaming Expo4 days ago
CT Interactive Unveils Latest Content at BEGE 2025
-
European Gaming Media7 days ago
HIPTHER’s European Gaming Media Joins Forces with Frank Gaming in a Strategic Media Partnership
