Table Trac reveals Q2 and H1 financial results
During the periods, the developer installed systems in a number of new locations across Nevada.
Table Trac, a developer of casino management systems, has today announced the company’s financial results for the period ending June 30, 2021.
During the first half of 2021, the CMS developer installed its system at two new locations, while its distributor launched it at 30 new properties.
Net income for Q2 was $155,635, an increase of about $54,000 over the second quarter of 2020.
The company’s weighted average number of common shares outstanding for Q2 was 4.5m, compared to 4.4m in 2020. So the net income per share for the period ending June 30, 2021 was recorded at $0.03, a small increase from the $0.02 noted in Q2 of 2020.
During the first six months of 2021, net income for stockholders was $769,641, a year-on-year increase from the $89,400 record in 2020. The weighted average number of common shares outstanding was similar to Q2, which was recorded at 4.5m. However, basic net income per share for H1 of 2021 was $0.17 compared to the $0.02 recorded in the first half of 2020.
During this period Table Trac agreed a deal with Jim Marsh Enterprise to install the company’s CMS at six locations across Nevada including, Amargosa Valley, Goldfield, Henderson, Manhattan and Tonopah.
“CasinoTrac has responded to the special deployment challenges of historical properties since 2010 with the installation of its CMS system across sister properties in Deadwood SD,” said Chad Hoehne, president and CEO of Table Trac about the deal. “Now offering its second-generation approved version for Nevada casinos, CasinoTrac will provide operational efficiency, full featured player rewards at games screens, kiosks and player club along with powerful back of house analytics and automation.”
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