Table Trac reports record $5.37M maintenance revenue in 2024
Table Trac, Inc. (OTCQX: TBTC) has reported strong financial results for 2024, with record revenue growth and expanded installations of its casino management systems. The company’s annual earnings reveal an 8% rise in maintenance revenue to $5.37 million, alongside a 44.7% increase in other revenue driven by higher recurring fees from its DataTrac and SlotSuite services.
The company installed its CasinoTrac system in eight new locations during 2024, bringing its total installations to approximately 115 casino operators across more than 300 casinos worldwide. The company also declared and paid three quarterly dividends of $0.01 per share.
Earnings per share remained strong at $0.34 (diluted). The company ended the year with five projects in backlog.
Strong year for Table Trac
Reflecting on the company’s performance, CFO Randy Gilbert said, “2024 was another strong year for Table Trac. The company ended the year having installed eight new systems and having five projects in our backlog. We expect most of the backlogged projects to be installed by the end of Q2 2025. Our maintenance revenue continues to increase. One of the most significant developments was the increase in recurring fees related to DataTrac and SlotSuite.”
Meanwhile, President and CEO Chad Hoehne said, “Table Trac Inc. continues to add product offerings while expanding our customer base. The result is building contemporary ways we can sustain and deliver shareholder value and per share earnings.”
Founded in 1995, Table Trac, Inc. develops, sells, and leases information and management systems for casinos, offering technical support and regulatory compliance solutions.
