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Other OTC:TBTC

Table Trac, Inc. Reports 2023 First Quarter Earnings

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MINNETONKA, Minn., May 12, 2023 (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, 2023.

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

First Quarter 2023 Highlights

  • The Company installed one system at a new customer location, expanded the services at an existing customer and our distributors expanded our system in new and current locations during the quarter.
  • The Company had five customer contracts in backlog as of March 31, 2023. The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts with an existing customer.

First Quarter 2023 Financial Results

Maintenance revenue for the quarter was $1.2M compared to $799K in 2022, an increase of approximately 51%.

Service and other revenue for the quarter was $274K compared to $177K in 2022, an increase of approximately 58%.

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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, 2023 and 2022:

  For the Three Months Ended
  March 31,
   2023    2022
Basic and diluted earnings per share calculation:      
Net income $ 335,861   $ 1,261,840
Weighted average number of common shares outstanding – basic   4,551,988     4,521,988
Basic net income per share $ 0.07   $ 0.28
Weighted average number of common shares outstanding – diluted   4,626,930     4,596.037
Diluted net income per share $ 0.07   $ 0.27

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.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.

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For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877

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Other OTC:TBTC

Stillwater Gaming & CasinoTrac Expand Again at Tahoe Nugget Casino

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stillwater-gaming-&-casinotrac-expand-again-at-tahoe-nugget-casino

MINNETONKA, Minn., June 12, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC) announced today that the Tahoe Nugget Casino, located in South Lake Tahoe, Nevada, will soon have its CasinoTrac casino management system installed.

Stillwater Gaming owns and operates multiple casino properties throughout Nevada, in Churchill and Lyon counties and the Carson Valley. These locations feature slot machines, entertainment, hotels, bars, and restaurants.

“We are excited again to be the system of choice for Stillwater Gaming as they continue their expansion into the Lake Tahoe area,” said Chad Hoehne, President of Table Trac, Inc.

“When I think about CasinoTrac, I see great value.   The system is developed and supported by professionals who are truly focused on the end user – casino guests.” Said Scott Tate, Stillwater Gaming, LLC. “I am impressed with the stability of the CasinoTrac system as we have utilized in many of our casinos.   Additionally, I particularly like the fact that Table Trac is a company dedicated completely to gaming systems.   That focus appears to be what drives the quality of the system and the culture of the Table Trac Team.”

About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino management systems and software. CasinoTrac CMS is operational in more than 300 casinos and 41 Native American tribes across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.com/.

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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.

CONTACT: For more information:
Investor Relations contact:
Randy Gilbert
[email protected]
952-548-8877

Media/Sales contact:
Jeff Baldi
[email protected]
702-521-0317

Continue Reading

Other OTC:TBTC

Table Trac, Inc. Reports 2024 First Quarter Earnings

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table-trac,-inc.-reports-2024-first-quarter-earnings

MINNETONKA, Minn., May 10, 2024 (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, 2024.

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

First Quarter 2024 Highlights

  • The Company installed two systems at new customer locations, expanded the services at an existing customer and our distributors expanded our systems in new and current locations during the quarter.
     
  • The Company had two customer contracts in backlog as of March 31, 2024. The company anticipates that these contracts will be installed during the second quarter of 2024. As of the filing date of this report, the Company signed two new contracts and has expansion plans with an existing customer.

First Quarter 2024 Financial Results

Maintenance revenue for the quarter was $1.28M compared to $1.21M in 2023, an increase of approximately 6%.

Service and other revenue for the quarter was $435K compared to $280K in 2023, an increase of approximately 55%.

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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, 2024 and 2023:

    For the Three Months Ended
    March 31,
      2024     2023
Basic and diluted earnings per share calculation:        
Net income   $ 11,661   $ 335,861
Weighted average number of common shares outstanding – basic     4,574,365     4,551,988
Basic net income per share   $ 0.00   $ 0.07
Weighted average number of common shares outstanding – diluted     4,601,471     4,626,930
Diluted net income per share   $ 0.00   $ 0.07
             

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.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.

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For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877

 

Continue Reading

Other OTC:TBTC

KTMobile™ by CasinoTrac™ approved in NV

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ktmobile-by-casinotrac-approved-in-nv

LAS VEGAS, May 07, 2024 (GLOBE NEWSWIRE) — Table Trac, Inc., (OTCQX: TBTC) a unified platform for Casino Operations, Management, and Player Loyalty, announced today that its mobile application, KTMobile, has successfully completed field trail and is approved for use in Nevada, by the Nevada Gaming Control Board.

KTMobile is a suite of native mobile apps for Android and iOS devices that offers casino guests an easy-to-use interface to access their account information, view promotions and advertisements. These apps also allow guests access to loyalty features like those available at promotional kiosks.

KTMobile is also a virtual player’s card, which supports the transfer of credits between a guest’s account and an electronic gaming device.   KTMobile is ideally deployed with PlayerLINQ™, CasinoTrac’s 6.2” touchscreen player tracking interface, bringing all the CTLoyalty™ functions for patron marketing, offers, promotions, and games right into the hands of you guests; however, is available for legacy CasinoTrac interfaces.

Chad Hoehne, President, and CEO said, “My favorite feature Is the virtual player card functions that allow the guest to ‘card-in’ to a machine, and control their points, free play, and other cashless wallet transfers to and from the game, by remote control!”

About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops, and sells casino management systems and software. CasinoTrac is operational in more than 300 casinos, 40 Native American tribes, across 13 countries, including the United States, Central and South America, the Caribbean, and Australia. More information is available at https://www.CasinoTrac.com/.

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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.

CONTACT: Investor Relations contact:
Randy Gilbert
[email protected]
952-548-8877

Media/Sales contact:
Jeff Baldi
[email protected]
702-521-0317

Continue Reading

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