Table Trac, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 03:50 pm EDT
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Table Trac, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2.46 million compared to USD 1.45 million a year ago. Net loss was USD 0.242324 million compared to net income of USD 0.153635 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the six months, sales was USD 5.81 million compared to USD 3.62 million a year ago. Net income was USD 1.02 million compared to USD 0.769641 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.17 a year ago.
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. The Company has developed an information and management system (Table Trac system) that automates and monitors the operations of casino table game operations. In addition to its table games management system, the Company adds functionality to related casino system modules for guest rewards and loyalty club, marketing analysis, guest service, promotions, administration / management, vault / cage management and audit / accounting tasks. Aggregated together, all of these modules become the Casino Trac product, Casino Management System (CMS). It sells and leases systems and technical support to casinos. The open architecture of the Table Trac system is designed to provide operators with a scalable and flexible system that can interconnect and operate with third-party software or hardware.