Table Trac net income increases by $157,000 in Q3

The period saw the provider install four systems at new locations.

Table Trac, the developer of casino information and management systems and owner of Casino Trac, has announced its financial results for the period ending September 30, 2021. The Minnesota-based provider operates around the world including North America, South and Central America, Australia, and the Caribbean.

Likely due to a recovery after the Covid-19 pandemic, Table Trac has seen its net income increase drastically when compared to the third quarter of 2020. Net income for the period was $186,811, an increase of $157,000 when contrasted with the $29,513 made in Q3 of 2020.

Net income per share for the period reached $0.04, growing from $0.01 in Q3 of 2020. The same numbers can be found for the company’s diluted net income per share.

Per the provider’s statement, the company’s collected financial results for the first nine months of 2021 are also available. Similarly to Table Trac’s Q3 numbers, 2021 has seen significant growth for the company, with net income reaching $956,453 compared to $118,913 for the same prior-year period.

Meanwhile, net income per share and diluted net income per share reached $0.21, compared to $0.03 for the first nine months of 2020.

The company also installed four systems at new locations during this period. Simultaneously, Table Trac boosted the number of games at one of its current partners.

Table Trac had 11 customer contracts in backlog as of the end of Q3, these are expected to be completed by the end of the year.

Henry Moore

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