Table Trac (TBTC) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was $2.34M, down from $3.46M in Q2 2024, with one system delivered versus two in the prior year period.

• Net income for Q2 2025 was $145K, a decrease from $807K in Q2 2024; EPS was $0.03 basic and diluted.

• For the six months ended June 30, 2025, revenue was $5.87M, up from $5.48M year-over-year, with net income of $927K versus $818K in 2024.

• The company maintains over 115 casino operator clients in 300+ casinos worldwide, with 85.7% of Q2 2025 revenue from U.S. customers.

• Maintenance revenues rose 19.4% year-over-year to $1.58M from $1.32M.

Financial highlights

• Q2 2025 income from operations was $56K, down from $969K in Q2 2024.

• Six-month operating income was $999K, up from $956K year-over-year.

• Interest income increased to $126K in Q2 2025 from $92K in Q2 2024, due to higher short-term investments.

• Cash and cash equivalents at June 30, 2025 were $5.85M, with short-term investments of $2.12M.

• Cash dividends paid in the first half of 2025 totaled $186K, up from $46K in 2024.

Outlook and guidance

• Management believes current liquidity is sufficient for at least the next 12 months, with no material trends expected to impact liquidity.

• Two system contracts remained in backlog as of June 30, 2025, with installations expected in Q3 2025.

• One new contract was signed after the quarter's end.

• A $0.02 per share cash dividend was declared on August 7, 2025, payable September 12, 2025.

• Forward-looking statements caution that actual results may differ due to various risks and uncertainties.