Table Trac, Inc. Reports 2024 Third Quarter Earnings
Table Trac reported financial results for Q3 2024, showing positive growth trends. The company's total revenue for the first nine months of 2024 reached $8M, marking a 22% increase from $6.6M in 2023. Gross profit for the quarter was $1.8M, up from $1.4M in 2023. The company installed two systems during Q3 and had five installations in backlog as of September 30, 2024. Net income for Q3 2024 was $292,379, compared to $171,988 in 2023, with diluted EPS of $0.06, up from $0.04 in the previous year.
Table Trac ha riportato i risultati finanziari per il terzo trimestre del 2024, evidenziando tendenze positive di crescita. I ricavi totali per i primi nove mesi del 2024 hanno raggiunto 8 milioni di dollari, segnando un aumento del 22% rispetto ai 6,6 milioni di dollari nel 2023. Il profitto lordo per il trimestre è stato di 1,8 milioni di dollari, in aumento rispetto a 1,4 milioni di dollari nel 2023. L'azienda ha installato due sistemi durante il terzo trimestre e ha un backlog di cinque installazioni al 30 settembre 2024. Il reddito netto per il terzo trimestre del 2024 è stato di 292.379 dollari, rispetto ai 171.988 dollari del 2023, con un utile per azione diluito di 0,06 dollari, in aumento rispetto a 0,04 dollari dell'anno precedente.
Table Trac informó los resultados financieros para el tercer trimestre de 2024, mostrando tendencias de crecimiento positivas. Los ingresos totales para los primeros nueve meses de 2024 alcanzaron 8 millones de dólares, marcando un incremento del 22% respecto a los 6,6 millones de dólares en 2023. El beneficio bruto para el trimestre fue de 1,8 millones de dólares, aumentando desde 1,4 millones de dólares en 2023. La empresa instaló dos sistemas durante el tercer trimestre y tenía cinco instalaciones pendientes al 30 de septiembre de 2024. El ingreso neto del tercer trimestre de 2024 fue de 292.379 dólares, en comparación con los 171.988 dólares en 2023, con un beneficio por acción diluido de 0,06 dólares, aumentando desde 0,04 dólares en el año anterior.
Table Trac은 2024년 3분기 재무 실적을 보고하며 긍정적인 성장 추세를 나타냈습니다. 2024년 처음 9개월 동안의 총 수익은 800만 달러에 도달하여 2023년 660만 달러에 비해 22% 증가했습니다. 분기 총 이익은 180만 달러로, 2023년의 140만 달러에서 증가했습니다. 회사는 3분기 동안 두 개의 시스템을 설치했고, 2024년 9월 30일 현재 다섯 개의 설치가 대기 중이었습니다. 2024년 3분기 순이익은 292,379 달러로, 2023년의 171,988 달러에 비해 증가했으며, 희석 주당순이익(EPS)은 0.06 달러로 이전 해의 0.04 달러에서 증가했습니다.
Table Trac a rapporté les résultats financiers pour le troisième trimestre de 2024, montrant des tendances de croissance positives. Le chiffre d'affaires total pour les neuf premiers mois de 2024 a atteint 8 millions de dollars, marquant une augmentation de 22% par rapport à 6,6 millions de dollars en 2023. Le bénéfice brut pour le trimestre était de 1,8 million de dollars, en hausse par rapport à 1,4 million de dollars en 2023. L'entreprise a installé deux systèmes au cours du trimestre et avait cinq installations en attente au 30 septembre 2024. Le bénéfice net pour le troisième trimestre de 2024 était de 292 379 dollars, contre 171 988 dollars en 2023, avec un BPA dilué de 0,06 dollars, en hausse par rapport à 0,04 dollars l'année précédente.
Table Trac berichtete über die finanziellen Ergebnisse für das 3. Quartal 2024 und zeigte positive Wachstumstrends. Der Gesamtumsatz für die ersten neun Monate 2024 belief sich auf 8 Millionen USD, was einem 22%igen Anstieg gegenüber 6,6 Millionen USD im Jahr 2023 entspricht. Der Bruttogewinn für das Quartal betrug 1,8 Millionen USD, was einem Anstieg von 1,4 Millionen USD im Jahr 2023 entspricht. Das Unternehmen installierte im 3. Quartal zwei Systeme und hatte zum 30. September 2024 fünf Installationen in der Warteschlange. Der Nettoeinkommen für das 3. Quartal 2024 betrug 292.379 USD, im Vergleich zu 171.988 USD im Jahr 2023, mit einem verwässerten EPS von 0,06 USD, was einem Anstieg von 0,04 USD im Vorjahr entspricht.
- Revenue increased 22% YoY to $8M for nine months
- Quarterly gross profit grew to $1.8M from $1.4M YoY
- Q3 net income rose 70% to $292,379 from $171,988
- Quarterly EPS increased 50% to $0.06 from $0.04
- Five installations in backlog for Q4 2024
- None.
MINNETONKA, Minn., Nov. 14, 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 nine months ending September 30, 2024.
The 10-Q can be found @ http://www.sec.gov
Third Quarter 2024 Highlights
- The Company installed two systems.
- The Company had five installations in backlog as of September 30, 2024. The company anticipates that the majority of these contracts will be installed in the fourth quarter. As of the filing date of this report, the Company has signed one new contract.
Financial Results
Total revenue for the nine months ending September 30, 2024, was
Gross profit for the three months ending 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 September 30, 2024 and 2023:
| For the Three Months Ended | ||||||||
| September 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income | $ | 292,379 | $ | 171,988 | ||||
| Weighted average number of common shares outstanding - basic | 4,575,068 | 4,552,988 | ||||||
| Basic net income per share | $ | 0.06 | $ | 0.04 | ||||
| Weighted average number of common shares outstanding - diluted | 4,622,938 | 4,606,488 | ||||||
| Diluted net income per share | $ | 0.06 | $ | 0.04 | ||||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023:
| For the nine Months Ended | ||||||||
| September 30, | ||||||||
| 2024 | 2023 | |||||||
| Basic and diluted earnings per share calculation: | ||||||||
| Net income to common stockholders | $ | 1,110,610 | $ | 1,079,239 | ||||
| Weighted average number of common shares outstanding - basic | 4,575,068 | 4,552,481 | ||||||
| Basic net income per share | $ | 0.24 | $ | 0.24 | ||||
| Weighted average number of common shares outstanding - diluted | 4,621,840 | 4,610,786 | ||||||
| Diluted net income per share | $ | 0.24 | $ | 0.23 | ||||
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.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
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