Table Trac, Inc. Reports 2025 Second Quarter Earnings

Rhea-AI Summary

Table Trac (OTCQX: TBTC), a casino management systems provider, reported its Q2 2025 financial results. The company's net income decreased to $144,782 from $806,570 in Q2 2024, while maintenance revenues grew 19.4% to $1.58M from $1.32M year-over-year.

For the first half of 2025, net income improved to $927,021 compared to $818,231 in the same period of 2024. The company installed one new system during Q2 and has two customer contracts in backlog expected to be installed in Q3 2025. Additionally, Table Trac signed one new contract as of the filing date.

Positive

• None.

Negative

• Q2 net income declined significantly to $144,782 from $806,570 year-over-year
• Only one system installation completed during Q2 2025

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

FAQ

What was Table Trac's (TBTC) net income for Q2 2025?

Table Trac reported net income of $144,782 for Q2 2025, compared to $806,570 in Q2 2024.

How much did Table Trac's maintenance revenues grow in Q2 2025?

Table Trac's maintenance revenues increased by 19.4% from $1.32M in Q2 2024 to $1.58M in Q2 2025.

What was TBTC's earnings per share for Q2 2025?

Table Trac reported both basic and diluted earnings per share of $0.03 for Q2 2025, compared to $0.18 in Q2 2024.

How many new system installations does Table Trac have in its backlog?

Table Trac has two customer system contracts in backlog as of June 30, 2025, expected to be installed during Q3 2025.

What was Table Trac's net income for the first half of 2025?

For the first six months of 2025, Table Trac reported net income of $927,021, up from $818,231 in the same period of 2024.