Table Trac, Inc.

Table Trac, Inc. (TBTC) reported FY 2025 revenues of $11.0 million, a 1% decline from $11.2 million in 2024, primarily due to lower system sales of $2.9 million (down 29% YoY), offset by maintenance revenue growth to $6.2 million (up 14% YoY) and service revenue up 13% to $1.9 million. Gross profit rose 3% to $8.2 million, with margins expanding to 73.9% from 70.7%, driven by reduced cost of sales to $2.9 million from $3.3 million. Operating income was $1.6 million (down 7% YoY), while net income increased 3% to $1.6 million, or $0.35 per basic share (up from $0.34). Cash from operations was $1.8 million, bolstered by investing activities yielding $4.5 million mainly from $4.6 million in short-term investment proceeds, resulting in a $6.0 million net cash increase; cash and equivalents ended at $8.2 million. Total assets stood at $14.4 million, with stockholders' equity at $12.8 million and minimal liabilities of $1.5 million, no debt outstanding. The company serves 115 casino operators across over 300 casinos, adding eight new customers in 2025, with 93.7% revenues from the U.S. Strong liquidity supports dividends ($371K paid) and growth amid competitive gaming industry.

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