Table Trac (TBTC) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was $3.54M, up from $2.02M in Q1 2024, driven by five new system deliveries and three customer expansions.

• Net income rose sharply to $782K from $12K year-over-year, with EPS at $0.17 versus $0.00.

• U.S. customers accounted for 95.9% of total revenues in Q1 2025.

• The company ended the quarter with over 115 casino operators and 300+ casinos supported worldwide.

• Two system contracts in backlog as of March 31, 2025, expected to be installed in Q2 2025; two new contracts signed post-quarter.

Financial highlights

• Operating income for Q1 2025 was $943K, compared to a loss of $12K in Q1 2024.

• System revenue rose from $305K in Q1 2024 to $1.56M in Q1 2025.

• Maintenance revenues increased from $1.3M in Q1 2024 to $1.5M in Q1 2025.

• Cash and cash equivalents at March 31, 2025 were $5.47M, up from $2.26M at year-end.

• Cash provided by operations was $735K, down from $1.03M in Q1 2024, mainly due to changes in receivables and payables.

Outlook and guidance

• Management believes current liquidity is sufficient for at least the next 12 months.

• All backlog contracts as of March 31, 2025, are anticipated to be installed in Q2 2025.

• A $0.02 per share cash dividend was declared on May 5, 2025, payable June 13, 2025.