Table Trac, Inc. Reports 2024 Second Quarter Earnings
Table Trac, Inc. (OTCQX: TBTC) reported its 2024 second quarter earnings, showing significant growth. System revenue for the quarter increased by approximately 125% to $2M, compared to $907K in 2023. Net income rose to $806,570 from $571,380 in the same period last year. The company installed two systems and expanded its presence through distributors. Table Trac has four customer contracts in backlog as of June 30, 2024, with most expected to be installed in the next two quarters.
Earnings per share also improved, with basic EPS increasing to $0.18 from $0.13, and diluted EPS rising to $0.17 from $0.12 year-over-year. For the six-month period, net income slightly decreased to $818,231 from $907,241 in 2023, with both basic and diluted EPS at $0.18 compared to $0.20 in the previous year.
Table Trac, Inc. (OTCQX: TBTC) ha riportato i guadagni del secondo trimestre 2024, evidenziando una crescita significativa. I ricavi del sistema per il trimestre sono aumentati di circa il 125%, raggiungendo i 2 milioni di dollari, rispetto ai 907 mila dollari del 2023. L'utile netto è salito a 806.570 dollari rispetto ai 571.380 dollari dello stesso periodo dell'anno scorso. L'azienda ha installato due sistemi e ha ampliato la propria presenza attraverso distributori. Table Trac ha quattro contratti con i clienti in attesa al 30 giugno 2024, con la maggior parte prevista per essere installata nei prossimi due trimestri.
Il utile per azione è migliorato, con l'EPS base che è aumentato a 0,18 dollari rispetto a 0,13 dollari, e l'EPS diluito che è salito a 0,17 dollari rispetto a 0,12 dollari rispetto all'anno precedente. Per il periodo di sei mesi, l'utile netto è leggermente diminuito a 818.231 dollari rispetto ai 907.241 dollari del 2023, con l'EPS base e diluito a 0,18 dollari contro 0,20 dollari dell'anno precedente.
Table Trac, Inc. (OTCQX: TBTC) informó sus ganancias del segundo trimestre de 2024, mostrando un crecimiento significativo. Los ingresos del sistema para el trimestre aumentaron aproximadamente un 125%, alcanzando los 2 millones de dólares, en comparación con los 907 mil dólares en 2023. La ganancia neta subió a 806,570 dólares desde 571,380 dólares en el mismo periodo del año pasado. La empresa instaló dos sistemas y expandió su presencia a través de distribuidores. Table Trac tiene cuatro contratos de clientes pendientes al 30 de junio de 2024, con la mayoría esperados para ser instalados en los próximos dos trimestres.
Las ganancias por acción también mejoraron, con el EPS básico aumentando a 0.18 dólares desde 0.13 dólares, y el EPS diluido subiendo a 0.17 dólares desde 0.12 dólares interanualmente. Para el periodo de seis meses, la ganancia neta disminuyó ligeramente a 818,231 dólares desde 907,241 dólares en 2023, con ambos EPS básico y diluido en 0.18 dólares en comparación con 0.20 dólares en el año anterior.
Table Trac, Inc. (OTCQX: TBTC)는 2024년 2분기 실적을 보고하며 큰 성장을 나타냈습니다. 2분기 시스템 수익은 약 125% 증가하여 200만 달러에 달하며, 2023년의 90만 7천 달러와 비교됩니다. 순이익은 작년 동기 대비 571,380달러에서 806,570달러로 증가했습니다. 회사는 두 개의 시스템을 설치하고 유통상을 통해 입지를 확대했습니다. Table Trac는 2024년 6월 30일 기준으로 4개의 고객 계약이 대기 중이며, 대부분은 다음 두 분기 내에 설치될 예정입니다.
주당 이익 역시 개선되었으며, 기본 EPS는 0.13달러에서 0.18달러로 증가하였고, 희석 EPS는 0.12달러에서 0.17달러로 상승했습니다. 6개월 동안의 기간 동안 순이익은 2023년의 907,241달러에서 818,231달러로 약간 감소했으며, 기본 및 희석 EPS는 작년의 0.20달러에 비해 0.18달러로 유지되었습니다.
Table Trac, Inc. (OTCQX: TBTC) a annoncé ses résultats pour le deuxième trimestre 2024, montrant une croissance significative. Les revenus du système pour le trimestre ont augmenté d'environ 125%, atteignant 2 millions de dollars, comparativement à 907 000 dollars en 2023. Le revenu net a grimpé à 806 570 dollars, contre 571 380 dollars au cours de la même période l'année dernière. L'entreprise a installé deux systèmes et a élargi sa présence par l'intermédiaire de distributeurs. Table Trac dispose de quatre contrats clients en attente au 30 juin 2024, dont la plupart devraient être installés au cours des deux prochains trimestres.
Le bénéfice par action s'est également amélioré, l'EPS de base passant de 0,13 dollar à 0,18 dollar, tandis que l'EPS dilué est passé de 0,12 dollar à 0,17 dollar d'une année sur l'autre. Pour la période de six mois, le revenu net a légèrement diminué, atteignant 818 231 dollars contre 907 241 dollars en 2023, avec des EPS de base et dilués à 0,18 dollar par rapport à 0,20 dollar l'année précédente.
Table Trac, Inc. (OTCQX: TBTC) hat seine Ergebnisse für das zweite Quartal 2024 veröffentlicht, die ein signifikantes Wachstum zeigen. Die Systemeinnahmen für das Quartal stiegen um etwa 125 % auf 2 Millionen USD, im Vergleich zu 907.000 USD im Jahr 2023. Der Netto Gewinn stieg auf 806.570 USD von 571.380 USD im gleichen Zeitraum des Vorjahres. Das Unternehmen installierte zwei Systeme und erweiterte seine Präsenz durch Händler. Table Trac hat zum 30. Juni 2024 vier Kundenverträge in der Warteschlange, von denen die meisten in den nächsten zwei Quartalen installiert werden sollen.
Die Gewinn pro Aktie haben sich ebenfalls verbessert, wobei das grundlegende EPS auf 0,18 USD von 0,13 USD gestiegen ist und das verwässerte EPS auf 0,17 USD von 0,12 USD im Jahresvergleich gestiegen ist. Für den Zeitraum von sechs Monaten blieb der Netto Gewinn leicht zurück und fiel auf 818.231 USD von 907.241 USD im Jahr 2023, wobei sowohl das grundlegende als auch das verwässerte EPS bei 0,18 USD im Vergleich zu 0,20 USD im Vorjahr blieben.
- System revenue increased by 125% to $2M in Q2 2024
- Net income rose to $806,570 in Q2 2024, up from $571,380 in Q2 2023
- Basic EPS increased to $0.18 from $0.13 year-over-year in Q2
- Diluted EPS rose to $0.17 from $0.12 year-over-year in Q2
- Four customer contracts in backlog as of June 30, 2024
- Six-month net income decreased to $818,231 from $907,241 year-over-year
- Six-month EPS declined to $0.18 from $0.20 compared to the same period in 2023
MINNETONKA, Minn., Aug. 13, 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 and six months ending June 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Second Quarter 2024 Highlights
- The Company installed two systems, our distributors expanded our system in new and current locations during the quarter.
- The Company has four customer contracts in backlog as of June 30, 2024. 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 one new contract.
Financial Results
System revenue for the quarter was
Net income for the quarter was
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, 2024 and 2023:
| For the Three Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income | $ | 806,570 | $ | 571,380 | ||||
| Weighted average number of common shares outstanding - basic | 4,574,365 | 4,552,450 | ||||||
| Basic net income per share | $ | 0.18 | $ | 0.13 | ||||
| Weighted average number of common shares outstanding - diluted | 4,627,039 | 4,617,648 | ||||||
| Diluted net income per share | $ | 0.17 | $ | 0.12 | ||||
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, 2024 and 2023:
| For the Six Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income to common stockholders | $ | 818,231 | $ | 907,241 | ||||
| Weighted average number of common shares outstanding - basic | 4,574,365 | 4,552,220 | ||||||
| Basic net income per share | $ | 0.18 | $ | 0.20 | ||||
| Weighted average number of common shares outstanding - diluted | 4,615,661 | 4,624,436 | ||||||
| Diluted net income per share | $ | 0.18 | $ | 0.20 | ||||
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.
For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877
FAQ
What was Table Trac's (TBTC) system revenue for Q2 2024?
How much net income did Table Trac (TBTC) report for Q2 2024?
What was Table Trac's (TBTC) earnings per share for Q2 2024?
How many customer contracts does Table Trac (TBTC) have in backlog as of June 30, 2024?
Did Table Trac (TBTC) install any new systems in Q2 2024?
