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Table Trac, Inc. Reports Year End Results for 2023

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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.

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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

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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.

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CONTACT: Randy Gilbert
Table Trac, Inc.
952-548-8877

Other OTC:TBTC

Table Trac, Inc. Reports 2024 First Quarter Earnings

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MINNETONKA, Minn., May 10, 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 three months ending March 31, 2024.

The 10-Q can be found @ http://www.sec.gov

First Quarter 2024 Highlights

  • The Company installed two systems at new customer locations, expanded the services at an existing customer and our distributors expanded our systems in new and current locations during the quarter.
     
  • The Company had two customer contracts in backlog as of March 31, 2024. The company anticipates that these contracts will be installed during the second quarter of 2024. As of the filing date of this report, the Company signed two new contracts and has expansion plans with an existing customer.

First Quarter 2024 Financial Results

Maintenance revenue for the quarter was $1.28M compared to $1.21M in 2023, an increase of approximately 6%.

Service and other revenue for the quarter was $435K compared to $280K in 2023, an increase of approximately 55%.

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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, 2024 and 2023:

    For the Three Months Ended
    March 31,
      2024     2023
Basic and diluted earnings per share calculation:        
Net income   $ 11,661   $ 335,861
Weighted average number of common shares outstanding – basic     4,574,365     4,551,988
Basic net income per share   $ 0.00   $ 0.07
Weighted average number of common shares outstanding – diluted     4,601,471     4,626,930
Diluted net income per share   $ 0.00   $ 0.07
             

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.

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

 

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Other OTC:TBTC

KTMobile™ by CasinoTrac™ approved in NV

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LAS VEGAS, May 07, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc., (OTCQX: TBTC) a unified platform for Casino Operations, Management, and Player Loyalty, announced today that its mobile application, KTMobile, has successfully completed field trail and is approved for use in Nevada, by the Nevada Gaming Control Board.

KTMobile is a suite of native mobile apps for Android and iOS devices that offers casino guests an easy-to-use interface to access their account information, view promotions and advertisements. These apps also allow guests access to loyalty features like those available at promotional kiosks.

KTMobile is also a virtual player’s card, which supports the transfer of credits between a guest’s account and an electronic gaming device.   KTMobile is ideally deployed with PlayerLINQ™, CasinoTrac’s 6.2” touchscreen player tracking interface, bringing all the CTLoyalty™ functions for patron marketing, offers, promotions, and games right into the hands of you guests; however, is available for legacy CasinoTrac interfaces.

Chad Hoehne, President, and CEO said, “My favorite feature Is the virtual player card functions that allow the guest to ‘card-in’ to a machine, and control their points, free play, and other cashless wallet transfers to and from the game, by remote control!”

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, 40 Native American tribes, across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.com/.

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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

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Other OTC:TBTC

Saddle West selects CasinoTrac™ CMS

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MINNETONKA, Minn., April 16, 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 Saddle West Hotel Casino & RV Resort, in Pahrump, NV.  

Executive management at Saddle West expressed excitement about working with CasinoTrac, selecting the CMS because it, “seems like a perfect fit their operations. The a la carte features, security offered through the lightweight server footprint, solid warranties, upgrades, and lifetime licensing set CasinoTrac head and shoulders above the competition.”

Chad Hoehne, President of Table Trac, Inc., stated, “Thank you Saddle West, we are grateful for being recognized by such a reputable operator.” Hoehne continued, “This is a significant step in our expansion plans, adding an additional operator in southern Nevada. We look forward to a long, beneficial relationship.”

Saddle West Casino will deploy PlayerLINQ™-CasinoTrac’s 6.2” touchscreen player tracking interface, CTLoyalty™ for all patron marketing, promotions administration & management, and slot accounting solutions.

About Table Trac, Inc.

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Founded in 1995, Table Trac, Inc. designs, develops, and sells casino management systems and software. CasinoTrac is operational in more than 300 casinos, 40 Native American tribes, 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
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