Table Trac Reports 10.7% Revenue Increase to $3.91 Million in Q1 2026

Table Trac, Inc. reported a revenue increase of 10.7% for the first quarter of 2026, generating $3.91 million compared to $3.54 million in the same period of 2025. The company's net income also rose significantly, reaching $971,489, up from $782,239 year-over-year. This resulted in a basic and diluted earnings per share of $0.21, compared to $0.17 in the prior year. The increase in revenue was attributed to the delivery of three new systems and upgrades to three existing systems during the quarter, although the cost of sales also increased to $1.25 million from $932,323, primarily due to the complexity and size of the installations.

In terms of operational metrics, Table Trac's customer base remains strong, with over 115 casino operators utilizing its systems across more than 300 casinos worldwide. The company continues to maintain a significant presence in the U.S. market, with 95.1% of its revenues derived from domestic customers. The company’s total assets increased to $14.90 million as of March 31, 2026, up from $14.37 million at the end of 2025, reflecting a rise in accounts receivable and long-term assets.

Strategically, Table Trac has focused on expanding its intellectual property portfolio, with several patents granted for its casino management systems and ongoing development initiatives. The company has also renewed its trademark for "Table Trac" and obtained a new trademark for "CasinoTrac." These efforts are aimed at enhancing its product offerings and maintaining a competitive edge in the gaming technology sector. The company has not reported any new contracts signed as of the filing date, but it continues to explore opportunities for growth and strategic partnerships.

Financially, Table Trac's cash and cash equivalents stood at $8.12 million, slightly down from $8.24 million at the end of 2025. The company has a revolving credit line of $500,000, which remains unused as of March 31, 2026. The net cash provided by operating activities decreased to $444,090 from $734,810 in the previous year, attributed to an increase in accounts receivable and a decrease in accrued expenses. The company declared a total cash dividend of $557,010 during the quarter, reflecting its commitment to returning value to shareholders.

Looking ahead, Table Trac's management believes it has sufficient liquidity to meet its obligations and continue operations for at least the next 12 months. The company is focused on enhancing its product offerings and expanding its market share, particularly in the U.S. gaming industry, while also pursuing further opportunities for growth through innovation and strategic partnerships.