Table Trac, Inc. Reports First Quarter Earnings of 2025
MINNETONKA, Minn. – Table Trac, Inc. (OTCQX: TBTC), renowned for its innovative casino information and management systems, recently announced its financial performance for the initial quarter ending March 31, 2025. With a focus on automating and optimizing casino operations, Table Trac continues to solidify its position in the industry.
Key Highlights of the First Quarter 2025
The first quarter proved to be a pivotal time for Table Trac, as they successfully installed five new systems at customer sites and enhanced services at three existing locations. This momentum in installations reflects the company's commitment to providing excellent service and technology to its clients.
Building Momentum with New Contracts
As of the end of March 2025, Table Trac holds two active contracts in backlog, which they anticipate will be installed in the upcoming quarter. Additionally, the company has signed two new contracts, demonstrating a steady demand for its innovative solutions.
Impressive Financial Results
Table Trac's financial results for the first quarter of 2025 signify a substantial growth trajectory:
Revenue Growth
- System revenue surged dramatically from $305,000 in 2024 to approximately $1.56 million in the current year.
- Maintenance revenues also saw a rise, increasing from $1.3 million to roughly $1.5 million year over year.
- Other income experienced a notable uptick, increasing by 6.7% quarter-over-quarter.
Earnings Per Share
The impressive net income of $782,239 resulted in a basic and diluted net income per share of $0.17, a clear indication of Table Trac's profitability during the first quarter.
About Table Trac, Inc.
Since its inception in 1995, Table Trac has dedicated itself to developing, selling, and leasing advanced casino information management systems and providing technical support. The CasinoTrac system is architected for security, scalability, and flexibility, making it compatible with most third-party software and hardware. Core offerings encompass player tracking modules, promotional kiosks, as well as vault and cage control solutions, all of which meet stringent industry auditing and regulatory standards.
Innovative Solutions for Gaming
The company has engineered a patented, real-time system that addresses the automation and oversight of casino gaming tables, optimizing both operational efficiency and customer experience.
Global Reach
Table Trac's management systems and kiosks are currently utilized by over 115 casino operators across more than 300 casinos worldwide. The company is continually enhancing its market share by expanding its product offerings and innovating new system features.
Frequently Asked Questions
What are the recent financial highlights for Table Trac, Inc.?
In the first quarter of 2025, Table Trac reported a surge in system revenue to $1.56 million from $305,000 in the previous year.
How many systems did Table Trac install in the first quarter of 2025?
The company installed five systems at new customer locations in the first quarter of 2025.
What is the Company’s approach to customer contracts?
Table Trac maintains a proactive approach, with two contracts in backlog as of March 31, 2025, expected to be fulfilled in the second quarter.
What is CasinoTrac?
CasinoTrac is Table Trac's flagship product, a management system designed to streamline operations and integrate with various software and hardware in the gaming industry.
Who should be contacted for more information about Table Trac?
For inquiries, individuals can contact Randy Gilbert, CFO of Table Trac, at 952-548-8877.
