Table Trac, Inc. Reports 2025 First Quarter Earnings

Financial Performance - Table Trac, Inc. reported a net income of $782,239 for the first quarter of 2025, a significant increase from $11,661 in the same period of 2024 [1] - Basic and diluted earnings per share for Q1 2025 were both $0.17, compared to $0.00 in Q1 2024 [1] - System revenue rose from $305,000 in 2024 to approximately $1.56 million in 2025, indicating strong growth [5] - Maintenance revenues increased from $1.3 million in 2024 to approximately $1.5 million in 2025 [5] - Other income saw a quarter-over-quarter increase of 6.7% [5] Company Overview - Founded in 1995, Table Trac, Inc. specializes in developing, selling, and leasing information and management systems for casinos [2] - The company's CasinoTrac system is designed to be secure, scalable, and flexible, compatible with most third-party software and hardware [2] - Table Trac's systems are installed in over 300 casinos worldwide, with ongoing support and maintenance contracts in place for over 115 casino operators [4] Product Development and Market Expansion - The company has developed a patented real-time system that automates and monitors casino gaming table operations [3] - Table Trac continues to expand its market share by enhancing its product offerings and introducing new system features and ancillary products [4] - As of March 31, 2025, the company had two customers with system contracts in backlog, with expectations to install these contracts in the second quarter of 2025 [5]