Other OTC:TBTC
Table Trac, Inc. Reports 2024 Second Quarter Earnings
MINNETONKA, Minn., Aug. 13, 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 and six months ending June 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Second Quarter 2024 Highlights
- The Company installed two systems, our distributors expanded our system in new and current locations during the quarter.
- The Company has four customer contracts in backlog as of June 30, 2024. 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 one new contract.
Financial Results
System revenue for the quarter was $2M compared to $907K in 2023, an increase of approximately 125%.
Net income for the quarter was $806,570 compared to $571,380 in 2023.
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, 2024 and 2023:
| For the Three Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income | $ | 806,570 | $ | 571,380 | ||||
| Weighted average number of common shares outstanding – basic | 4,574,365 | 4,552,450 | ||||||
| Basic net income per share | $ | 0.18 | $ | 0.13 | ||||
| Weighted average number of common shares outstanding – diluted | 4,627,039 | 4,617,648 | ||||||
| Diluted net income per share | $ | 0.17 | $ | 0.12 | ||||
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, 2024 and 2023:
| For the Six Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income to common stockholders | $ | 818,231 | $ | 907,241 | ||||
| Weighted average number of common shares outstanding – basic | 4,574,365 | 4,552,220 | ||||||
| Basic net income per share | $ | 0.18 | $ | 0.20 | ||||
| Weighted average number of common shares outstanding – diluted | 4,615,661 | 4,624,436 | ||||||
| Diluted net income per share | $ | 0.18 | $ | 0.20 | ||||
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
CASINOTRAC MANAGEMENT SYSTEM INSTALLED AT THE JACKPOT CROSSING CASINO OF CARSON CITY NEVADA
MINNETONKA, Minn., Dec. 03, 2024 (GLOBE NEWSWIRE) — The Jackpot Crossing Casino in Carson City Nevada has chosen to replace their existing Casino Management System (CMS) with Table Trac Inc.’s (OTCQX: TBTC) CasinoTrac system.
Jackpot Crossing Casino is a popular entertainment destination located at 1897 N Edmonds Drive in Carson City, NV, offering a variety of gaming options for visitors to enjoy. With a welcoming atmosphere and diverse selection of games, Jackpot Crossing Casino provides a fun and exciting experience for guests looking to test their luck
Chad Hoehne, President of Table Trac Inc. said “Genuine responsiveness to our casino customer’s needs from our support and development teams is building a better ownership experience for our casino customers. U.S. based experts that solve problems helps CasinoTrac build and maintain an ever growing number of casino customers. We are proud to be recognized for this by Stillwater Gaming.”
“Table Trac is a special company in today’s environment. Unlike so many other companies who are distracted and focused on their own interests, Table Trac is focused on the operators and more importantly the casino guests.” Said Scott Tate, Stillwater Gaming, LLC.
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. More information is available at http://www.tabletrac.com/.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
MINNETONKA, Minn., Nov. 14, 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 and nine months ending September 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2024 Highlights
- The Company installed two systems.
- The Company had five installations in backlog as of September 30, 2024. The company anticipates that the majority of these contracts will be installed in the fourth quarter. As of the filing date of this report, the Company has signed one new contract.
Financial Results
Total revenue for the nine months ending September 30, 2024, was $8M compared to $6.6M in 2023, an increase of approximately 22%.
Gross profit for the three months ending was $1.8M as compared to $1.4M in 2023.
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, 2024 and 2023:
| For the Three Months Ended | ||||||||
| September 30, | ||||||||
| 2024 |
2023 |
|||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income | $ | 292,379 | $ | 171,988 | ||||
| Weighted average number of common shares outstanding – basic | 4,575,068 | 4,552,988 | ||||||
| Basic net income per share | $ | 0.06 | $ | 0.04 | ||||
| Weighted average number of common shares outstanding – diluted | 4,622,938 | 4,606,488 | ||||||
| Diluted net income per share | $ | 0.06 | $ | 0.04 | ||||
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, 2024 and 2023:
| For the nine Months Ended | ||||||||
| September 30, | ||||||||
| 2024 |
2023 |
|||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income to common stockholders | $ | 1,110,610 | $ | 1,079,239 | ||||
| Weighted average number of common shares outstanding – basic | 4,575,068 | 4,552,481 | ||||||
| Basic net income per share | $ | 0.24 | $ | 0.24 | ||||
| Weighted average number of common shares outstanding – diluted | 4,621,840 | 4,610,786 | ||||||
| Diluted net income per share | $ | 0.24 | $ | 0.23 | ||||
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, CFO
Table Trac, Inc.
952-548-8877
MINNETONKA, Minn., Nov. 08, 2024 (GLOBE NEWSWIRE) — On November 8, 2024, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.01 per share. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024.
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.
CONTACT: For more information: Randy Gilbert Table Trac, Inc. 952-548-8877
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