Table Trac ( (TBTC) ) has released its Q1 earnings. Here is a breakdown of the information Table Trac presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Table Trac, Inc., a company specializing in casino management systems, provides system sales and technical support to casinos, with its primary operations based in Minnetonka, Minnesota. The company recently released its earnings report for the first quarter of 2025, showcasing significant growth in both revenue and net income compared to the same period in the previous year. Key financial highlights include a substantial increase in revenues to $3.54 million from $2.02 million, driven by a rise in system sales and maintenance revenue. The company’s net income also saw a remarkable increase, reaching $782,239, up from $11,661 in the first quarter of 2024. This growth reflects the company’s successful strategic initiatives and operational efficiencies. Looking forward, Table Trac remains optimistic about its growth prospects, aiming to continue expanding its market presence and enhancing its product offerings to meet the evolving needs of the casino industry.