Other OTC:TBTC

Table Trac, Inc. Reports 2024 Third Quarter Earnings

Published

4 hours ago

November 14, 2024

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.

European Gaming Congress 2024 (Warsaw, Poland)

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

Related Topics:Other OTC:TBTC US87336P1066

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Table Trac Announces Quarterly Dividend

Other OTC:TBTC

Table Trac Announces Quarterly Dividend

Published

6 days ago

November 8, 2024

GlobeNewswire

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

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

Other OTC:TBTC

Table Trac Appoints Andrew Berger to Board of Directors

Published

1 month ago

October 3, 2024

GlobeNewswire

MINNETONKA, Minn., Oct. 03, 2024 (GLOBE NEWSWIRE) — On October 3, 2024, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) the producer of CasinoTrac, a Secure, Unified and Stable Casino Management system, approved the addition of Andrew T. Berger to its Board of Directors.

“We are very pleased and excited to have Andrew join our Board of Directors” commented Chad Hoehne, President and CEO of Table Trac, Inc.

Mr. Berger has served as a director of Autoscope Technologies Corporation (and/or its predecessor subsidiary Image Sensing Systems Inc.) since October 2015 and as its Executive Chair since June 2016. He was also its CEO from April 2021 to November 2022. Mr. Berger was appointed Chief Executive Officer of Tuesday Morning Corporation, an off-price retailer of home goods and décor from November 2022 through May 2023, where he assisted in the sale of its assets to Hilco. In 2024, Mr. Berger acquired the IP of Tuesday Morning and relaunched its digital operations. Mr. Berger is currently the Managing Member of AB Value Management LLC, which serves as the General Partner of AB Value Partners, LP., an investment partnership. In addition, Mr. Berger provides business consultancy services through Walker’s Manual, Inc., served as an equity analyst for Value Line, Inc., was the Chief Executive Officer of Cosi, a fast-causal restaurant chain, and served on the board of directors of Rocky Mountain Chocolate Factory, Inc., an international franchisor and confectionery manufacturer.

“I look forward to the opportunity to be a member of the Table Trac Board. I believe it is a great time to join the Table Trac team, and I am excited to contribute to the expansion and growth of their business,” commented Mr. Berger.

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems and software. CasinoTrac CMS is operational in more than 300 casinos and 41 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/.

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

Other OTC:TBTC

SlotSUITE Case Study Proves Revolutionary Results

Published

3 months ago

August 28, 2024

GlobeNewswire

MINNETONKA, Minn., Aug. 28, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) today announced they have published a case study outlining tremendous results brought about by their strategic partnership with TransAct Technologies.

The solution, SlotSUITE, a purpose-built software solution, unleashes the Unified flexibility of CasinoTrac CMS and the dynamic marketing capabilities of the Epicentral SE promotional and bonusing suite, operating on the CasinoTrac’s PlayerLINQ network – without additional infrastructure and often with existing peripheral equipment.

The Case Study explains customer-requested features to address VIP players avoiding promotions because of arduous manual tasks, required for participation. Throughout the six-month period, nearly one million dynamic entries were printed and the ancillary metrics surged; noteworthy expansion of rated play, win per unit, and coin-in are detailed in the report.

The full detail is available for download at https://casinotrac.com/events/slotsuite.

About Table Trac, Inc.

‍

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing and selling software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, and POS automation. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!®, AccuDate®, EPICENTRAL®, Epic and Ithaca® brands. TransAct has sold over 3.9 million printers, terminals and other hardware devices around the world and is committed to providing world-class service, spare parts, and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203)859-6800.

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‍Forward-Looking Statements

CONTACT: For more information:

Table Trac, Inc.:

Investor Relations contact:

Randy Gilbert
[email protected]
952-548-8877

Media/Sales contact:

Jeff Baldi
[email protected]
702-521-0317

TransAct Technologies, Inc: 

Investor Relations Contact:

Ryan Gardella
[email protected]

Sales Contact:

John Dillon, CEO
[email protected]