Table Trac Inc Stock Price, News & Analysis

Table Trac reported financial results for Q3 2024, showing positive growth trends. The company's total revenue for the first nine months of 2024 reached $8M, marking a 22% increase from $6.6M in 2023. Gross profit for the quarter was $1.8M, up from $1.4M in 2023. The company installed two systems during Q3 and had five installations in backlog as of September 30, 2024. Net income for Q3 2024 was $292,379, compared to $171,988 in 2023, with diluted EPS of $0.06, up from $0.04 in the previous year.

Table Trac (OTCQX: TBTC) announced on November 8, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.01 per share. The dividend will be paid on December 13, 2024, to shareholders who are on record as of November 29, 2024.

Table Trac Inc. (OTCQX: TBTC), the producer of CasinoTrac, has appointed Andrew T. Berger to its Board of Directors on October 3, 2024. Mr. Berger brings extensive experience, having served as a director and Executive Chair of Autoscope Technologies , CEO of Tuesday Morning , and Managing Member of AB Value Management He has also held positions at Value Line, Inc., Cosi, and Rocky Mountain Chocolate Factory, Inc.

Chad Hoehne, President and CEO of Table Trac, expressed excitement about Mr. Berger joining the board. Mr. Berger stated his enthusiasm for the opportunity and his belief in the company's potential for expansion and growth. His diverse background in various industries and roles is expected to contribute valuable insights to Table Trac's strategic direction.

Table Trac, Inc. (OTCQX: TBTC) has released a case study showcasing the impressive results of their SlotSUITE solution, developed in partnership with TransAct Technologies. This innovative software combines CasinoTrac CMS's flexibility with Epicentral SE's promotional capabilities, operating on CasinoTrac's PlayerLINQ network. The study highlights how SlotSUITE addressed the issue of VIP players avoiding promotions due to manual participation requirements.

Over a six-month period, the solution generated nearly one million dynamic entries, leading to significant improvements in key metrics such as rated play, win per unit, and coin-in. The full case study, detailing these remarkable outcomes, is available for download on the CasinoTrac website.

CasinoTrac and TransAct have reported impressive results from a six-month deployment of their SlotSUITE system, powered by Epicentral SE, at a large regional casino in the American Southwest. The implementation, covering over 2,500 games, showed significant improvements in key performance areas:

- Carded/Rated Play increased by 58.6%, from 17% to 29%
- Rated Coin-In rose by 21% on upgraded games
- Overall Coin-In increased by 3% across the entire floor
- Rated WPU (Win Per Unit) grew by 39% on SlotSUITE-enhanced games
- Overall WPU increased by 8% across the entire gaming floor

The SlotSUITE system integrates TransAct's Epicentral SE with CasinoTrac's PromoTrac, offering a single-wire solution for enhanced player engagement and streamlined operations.

Table Trac, Inc. (OTCQX: TBTC) reported its 2024 second quarter earnings, showing significant growth. System revenue for the quarter increased by approximately 125% to $2M, compared to $907K in 2023. Net income rose to $806,570 from $571,380 in the same period last year. The company installed two systems and expanded its presence through distributors. Table Trac has four customer contracts in backlog as of June 30, 2024, with most expected to be installed in the next two quarters.

Earnings per share also improved, with basic EPS increasing to $0.18 from $0.13, and diluted EPS rising to $0.17 from $0.12 year-over-year. For the six-month period, net income slightly decreased to $818,231 from $907,241 in 2023, with both basic and diluted EPS at $0.18 compared to $0.20 in the previous year.

Table Trac, Inc. (OTCQX: TBTC) has announced a major project with WinnaVegas Casino Resort, involving system upgrades, new promotional kiosks, and mobile technology. The project aims to consolidate systems and launch cashless wagering at the Winnebago Tribe of Nebraska's casino in Sloan, IA. Key aspects include:

1. Deployment of KioskTrac™ Loyalty Kiosks and KTMobile™ app with cashless wagering
2. Implementation of DataTrac™, an interactive data analytics suite
3. Partnership with Koin for integrated digital payment solutions
4. Upgrades to enhance guest experience and operational efficiency

This collaboration marks a significant advancement in gaming technology and customer experience for WinnaVegas, showcasing Table Trac's commitment to innovation in the casino management industry.

Table Trac (OTCQX: TBTC) has announced a quarterly cash dividend of $0.01 per share on its common stock. The Board of Directors approved this dividend on August 9, 2024. Shareholders of record as of the close of business on August 30, 2024, will be eligible to receive the dividend, which is scheduled for payment on September 13, 2024. This announcement demonstrates Table Trac's commitment to providing regular returns to its shareholders, potentially indicating confidence in the company's financial stability and cash flow generation capabilities.

Table Trac, Inc. (OTCQX: TBTC) has announced a new agreement to replace a competitor's system with their CasinoTrac™ casino management system at Sac & Fox Casino in Powhattan, KS. This marks Table Trac's 41st Native American tribal partnership. The casino will deploy various CasinoTrac solutions, including:

• PlayerLINQ™ - 6.2" touchscreen player tracking interface
• CTLoyalty™ for patron marketing, promotions, and bonusing
• KioskTrac™ promotional games with account management
• Slot accounting solutions

Founded in 1995, Table Trac designs and sells casino management systems. CasinoTrac is now operational in over 300 casinos across 13 countries.