Table Trac, Inc. announced its financial results for the year ended December 31, 2024, highlighting record gross revenue and maintenance revenue. Maintenance revenue reached $5.37 million, an approximate 8% increase over the prior year, and accounted for 48.2% of total revenues. This recurring revenue stream provides a stable financial foundation for the company.
Other revenue streams also saw significant growth, increasing by 44.7% due to higher recurring monthly fees related to DataTrac and SlotSuite. The company installed the CasinoTrac system in eight new locations during 2024, expanding its global footprint to approximately 115 casino operators in over 300 casinos worldwide.
Diluted earnings per share remained strong at $0.34 per share for the year. CFO Randy Gilbert noted that the company ended 2024 with five projects in its backlog, with most expected to be installed by the end of Q2 2025. This indicates continued demand for Table Trac's casino management systems and ancillary products.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.