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Table Trac Announces Third Quarter 2021 Results

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MINNETONKA, Minn., Nov. 12, 2021 /PRNewswire/ -- 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 quarter ending September 30, 2021.

The 10-Q can be found @ http://www.sec.gov

Second Quarter Highlights

  • The Company installed four systems at new locations, increased the number games at a current customer and our distributors expanded current locations and installed our system in new locations during the quarter.

  • The Company had eleven customer contracts in backlog as of September 30, 2021. The company anticipates that the majority of these contracts will be installed by December 31, 2021.

Second Quarter Financial Results

Net Income for the second quarter of 2021 was $186,811 compared to income of $29,513 in 2020, an increase of approximately $157,000.

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, 2021 and 2020:



For the Three Months Ended



September 30,



2021


2020

Basic and diluted earnings per share calculation:





Net income to common stockholders


$ 186,811


$ 29,513

Weighted average number of common shares outstanding - basic


4,511,988


4,486,788

Basic net income per share


$ 0.04


$ 0.01

Weighted average number of common shares outstanding - diluted


4,526,115


4,494,758

Diluted net income per share


$ 0.04


$ 0.01

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, 2021 and 2020:



For the Nine Months Ended



September 30,



2021


2020

Basic and diluted earnings per share calculation:





Net income to common stockholders


$ 956,453


$ 118,913

Weighted average number of common shares outstanding - basic


4,508,258


4,486,788

Basic net income per share


$ 0.21


$ 0.03

Weighted average number of common shares outstanding - diluted


4,522,694


4,495,569

Diluted net income per share


$ 0.21


$ 0.03

About Table Trac, Inc.

Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. 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

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/table-trac-announces-third-quarter-2021-results-301423206.html

SOURCE Table Trac, Inc.

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