Table Trac, Inc. Reports Year End Results for 2024

Rhea-AI Summary

Table Trac Inc (OTCQX: TBTC) reported its financial results for the year ended December 31, 2024, highlighting several achievements. The company achieved record maintenance revenue of $5.37 Million, representing an 8% increase from the previous year and accounting for 48.2% of total revenues.

Key highlights include a 44.7% increase in other revenue due to growing recurring monthly fees from DataTrac and SlotSuite services. The company paid three quarterly dividends of $0.01 per share and installed the CasinoTrac system in eight new locations. By the end of 2024, Table Trac's systems were operational in approximately 115 casino operators across over 300 casinos worldwide.

The company maintained strong earnings at $0.34 per share (diluted) and reported five projects in backlog, expected to be completed by Q2 2025.

Positive

• Record maintenance revenue of $5.37M, up 8% YoY
• 44.7% increase in other revenue from DataTrac and SlotSuite recurring fees
• Eight new system installations completed with five more in backlog
• Strong earnings maintained at $0.34 per share
• Consistent dividend payments of $0.01 per share quarterly

Negative

• None.

News Market Reaction – TBTC

+3.29%

1 alert

+3.29% News Effect

On the day this news was published, TBTC gained 3.29%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MINNETONKA, Minn., March 19, 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 year ended December 31, 2024.

The 10-K can be found @ http://www.sec.gov

2024 Highlights

Record Gross Revenue

Record maintenance revenue of $5.37 Million, an approximate 8% increase over the prior year.

Maintenance revenue accounted for 48.2% of total revenues.

Other revenue increased 44.7% as a result of an increase in recurring monthly fees relating to DataTrac and SlotSuite.

Table Trac declared and paid three quarterly dividends of $0.01/share.

The CasinoTrac system was installed in eight locations during 2024. At the end of 2024, Table Trac had casino management systems, table games management systems and ancillary products installed with approximately 115 casino operators in over 300 casinos worldwide.

Earnings per share remained strong at $0.34/share – diluted.

Management Commentary

Table Trac, Inc CFO Randy Gilbert commented: 2024 was another strong year for Table Trac. The company ended the year having installed eight new systems and had five projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2025. Our maintenance revenue continues to increase. One of the most significant developments was the increase in recurring fees related to DataTrac and SlotSuite.

Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building contemporary ways we can sustain and deliver shareholder value and per share earnings.”, said Chad Hoehne, President & CEO

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
Chief Financial Officer
Table Trac, Inc.
952-548-8877 or investorrelations@Casinotrac.com

FAQ

What was Table Trac's (TBTC) maintenance revenue for 2024?

Table Trac reported record maintenance revenue of $5.37 Million in 2024, an 8% increase year-over-year, representing 48.2% of total revenues.

How many new casino installations did TBTC complete in 2024?

Table Trac installed its CasinoTrac system in eight new locations during 2024.

What was Table Trac's (TBTC) earnings per share in 2024?

Table Trac maintained earnings per share of $0.34 (diluted) in 2024.

How many casinos use Table Trac's systems globally as of 2024?

Table Trac's systems were installed in over 300 casinos worldwide, operated by approximately 115 casino operators.

What dividend did TBTC pay to shareholders in 2024?

Table Trac paid three quarterly dividends of $0.01 per share during 2024.