Table Trac Reports Revenue Decline but Net Income Increase in Q2 2025

Table Trac, Inc. reported its financial results for the second quarter and first half of 2025, revealing a decline in revenue but an increase in net income compared to the same periods in 2024. For the three months ended June 30, 2025, the company generated revenues of $2.34 million, down from $3.46 million in the prior year. However, net income for the quarter was $144,782, a decrease from $806,570 in the same quarter of 2024. For the six months ending June 30, 2025, total revenues increased to $5.87 million from $5.48 million, while net income rose to $927,021 from $818,231.

The decrease in quarterly revenue was attributed to the delivery of only one new system during the second quarter of 2025, compared to two systems delivered in the same period of 2024. Despite the drop in revenue, the company reported a gross profit margin of 75.3% for the second quarter, up from 71.1% in the previous year, primarily due to reduced labor costs associated with fewer installations. Selling, general, and administrative expenses increased to $1.70 million from $1.49 million, reflecting higher investments in sales and marketing as well as research and development.

Operationally, Table Trac maintained a strong customer base, with over 115 casino operators utilizing its systems across more than 300 casinos worldwide. The company’s systems are predominantly used in the United States, which accounted for 85.7% of total revenues in the second quarter. The company also reported a backlog of two system installations as of June 30, 2025, down from four installations a year earlier, indicating a potential slowdown in new contracts.

In terms of liquidity, Table Trac reported cash and cash equivalents of $5.85 million and short-term investments of $2.12 million as of June 30, 2025. The company has a revolving credit line of $500,000, with no borrowings outstanding. Management expressed confidence in the company’s ability to meet its obligations and continue operations for at least the next 12 months, supported by a net cash provided by operations of $1.21 million for the first half of 2025, an increase from $1.06 million in the prior year.

Looking ahead, Table Trac aims to expand its market presence and product offerings, focusing on strategic partnerships and new system features to enhance its competitive position in the casino management sector. The company’s ongoing commitment to research and development is expected to drive future growth, although management acknowledged the inherent uncertainties in the market that could impact performance.