Table Trac, Inc. Reports 2025 First Quarter Earnings
Rhea-AI Summary
Table Trac (OTCQX: TBTC), a casino management systems provider, reported strong Q1 2025 financial results. System revenue surged to $1.56M from $305K in Q1 2024, while maintenance revenue grew to $1.5M from $1.3M. The company's net income increased significantly to $782,239 compared to $11,661 in the same period last year, resulting in diluted EPS of $0.17.
During Q1, Table Trac installed five new systems and expanded services at three existing customers. The company has two system contracts in backlog expected to be installed in Q2 2025, and has already signed two new contracts post-quarter. Table Trac's systems are currently installed in over 300 casinos worldwide through 115 casino operators.
Positive
- Net income surged to $782,239 from $11,661 year-over-year
- System revenue increased significantly to $1.56M from $305K
- Maintenance revenue grew to $1.5M from $1.3M
- Secured 5 new system installations and 3 service expansions
- Signed two new contracts after Q1
Negative
- None.
News Market Reaction
On the day this news was published, TBTC gained 15.29%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MINNETONKA, Minn., May 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 months ending March 31, 2025.
The 10-Q can be found @ http://www.sec.gov
First Quarter 2025 Highlights
- The Company installed five systems at new customer locations and expanded the services at three of our existing customers.
- The Company had two customers with system contracts in backlog as of March 31, 2025. The company anticipates that all of these contracts will be installed during the second quarter of 2025. As of the filing date of this report, the Company signed two new contracts.
First Quarter 2025 Financial Results
- System revenue increased from
$305 k in 2024 to approximately$1.56M in 2025. - Maintenance revenues increased from
$1.3M in 2024 to approximately$1.5M in 2025. - Other income increased
6.7% qtr. vs qtr.
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, 2025 and 2024:
| For the Three Months Ended | ||||||
| March 31, | ||||||
| 2025 | 2024 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income | $ | 782,239 | $ | 11,661 | ||
| Weighted average number of common shares outstanding - basic | 4,576,669 | 4,574,365 | ||||
| Basic net income per share | $ | 0.17 | $ | 0.00 | ||
| Weighted average number of common shares outstanding - diluted | 4,652,073 | 4,601,471 | ||||
| Diluted net income per share | $ | 0.17 | $ | 0.00 | ||
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
FAQ
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What was Table Trac's (TBTC) net income for Q1 2025?
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