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Table Trac, Inc. Reports 2024 First Quarter Earnings

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table-trac,-inc.-reports-2024-first-quarter-earnings

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%.

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.

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

 

Other OTC:TBTC

Table Trac Announces Quarterly Dividend

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table-trac-announces-quarterly-dividend

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                                

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Other OTC:TBTC

Table Trac, Inc. Reports 2025 Second Quarter Earnings

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table-trac,-inc.-reports-2025-second-quarter-earnings

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

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Other OTC:TBTC

Table Trac Announces Quarterly Dividend

Published

on

table-trac-announces-quarterly-dividend

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.

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                                

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