Table Trac reports $2.5m in Q2 revenue and announces Las Vegas market entry

Home » Table Trac reports $2.5m in Q2 revenue and announces Las Vegas market entry

Table Trac has released its financial results for the second quarter, highlighting a 70% revenue increase driven by an increase in installations.
The company, which develops and sells casino information and management systems, made $2.5 million in revenue in the second quarter.
This represents a more than $1 million increase from the $1.4 million Table Trac generated during the second quarter of 2021, though the total remains modest. Nonetheless, the company has seen steady growth.

Table Trac installed six systems in new locations during the second quarter, while its distributors expanded current locations and installed the company’s system in over 40 new locations.

Overall, Table Trac installed a record number of games in Q2, but the company’s net income fell into the red year over year.

Table Trac lost $242,324, compared to a profit of $153,635 in the previous year. This drop is largely due to a triple-digit increase in the company’s cost of sales, which increased by 380% from $333,402 to $1.6m.

However, this did not cancel out the company’s half-year profit increase. Table Trac earned $1 million in net income in the first quarter, up 32% from $769,641.

This was driven by 60% revenue growth, with the company’s half-year revenue increasing to $5.8 million. Table Trac also announced its entry into the Las Vegas market.

“Our company’s work to design, build, install, and support casino clients with a quality CMS system solution is being rewarded all over the USA and in over 13 countries,” said Chad Hoehne, President of Table Trac, “but it is especially gratifying to begin service in the world’s largest gaming market.”

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