Table Trac, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a decline in revenue and profitability compared to the same periods in 2024. For the three months ended September 30, 2025, the company generated revenues of $2.14 million, down from $2.55 million in the prior year. The net income for the quarter was $58,352, a significant decrease from $292,379 in the same quarter of 2024. For the nine-month period, revenues totaled $8.01 million, slightly down from $8.02 million, while net income decreased to $985,374 from $1.11 million.
The decline in revenue and profitability can be attributed to several factors, including a lack of new system installations during the third quarter of 2025, compared to two installations in the same quarter of 2024. The cost of sales also decreased, reflecting the absence of new installations, which contributed to a gross profit margin increase to 73.7% for the quarter, up from 70.7% in the previous year. However, selling, general, and administrative expenses rose to $1.62 million from $1.53 million, driven by increased sales and marketing efforts.
Operationally, Table Trac maintained a customer base of over 115 casino operators across more than 300 casinos worldwide, with 93.3% of revenues coming from U.S. customers. The company reported a backlog of one system installation as of September 30, 2025, down from five installations a year earlier. The company’s cash and cash equivalents increased to $6.11 million, up from $2.26 million at the end of 2024, reflecting improved liquidity.
Looking ahead, Table Trac's 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 $500,000 line of credit and a strong cash position. The company aims to pursue further opportunities and strategic partnerships to enhance its market share and product offerings. Despite the challenges faced in the current fiscal period, Table Trac remains focused on expanding its casino management systems and technical support services.
About TABLE TRAC INC
Table Trac, Inc. develops and sells casino management systems, including proprietary software for automating and monitoring casino table operations, guest loyalty, and marketing functions. Its products serve gaming establishments worldwide, providing scalable, secure solutions that meet industry regulations. The company generates revenue through system sales, leasing, licensing, and support, emphasizing innovation, intellectual property protection, and expanding its market presence in the gaming industry.
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