PR Newswire
MINNETONKA, Minn. , Nov. 12, 2021 /PRNewswire/ -- Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the quarter ending September 30, 2021 .
The 10-Q can be found @ http://www.sec.gov
Second Quarter Highlights
- The Company installed four systems at new locations, increased the number games at a current customer and our distributors expanded current locations and installed our system in new locations during the quarter.
- The Company had eleven customer contracts in backlog as of September 30, 2021 . The company anticipates that the majority of these contracts will be installed by December 31, 2021 .
Second Quarter Financial Results
Net Income for the second quarter of 2021 was $186,811 compared to income of $29,513 in 2020, an increase of approximately $157,000 .
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended September 30, 2021 and 2020:
| | For the Three Months Ended | ||
| | September 30, | ||
| | 2021 | | 2020 |
Basic and diluted earnings per share calculation: | | | | |
Net income to common stockholders | | $ 186,811 | | $ 29,513 |
Weighted average number of common shares outstanding - basic | | 4,511,988 | | 4,486,788 |
Basic net income per share | | $ 0.04 | | $ 0.01 |
Weighted average number of common shares outstanding - diluted | | 4,526,115 | | 4,494,758 |
Diluted net income per share | | $ 0.04 | | $ 0.01 |
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the nine months ended September 30, 2021 and 2020:
| | For the Nine Months Ended | ||
| | September 30, | ||
| | 2021 | | 2020 |
Basic and diluted earnings per share calculation: | | | | |
Net income to common stockholders | | $ 956,453 | | $ 118,913 |
Weighted average number of common shares outstanding - basic | | 4,508,258 | | 4,486,788 |
Basic net income per share | | $ 0.21 | | $ 0.03 |
Weighted average number of common shares outstanding - diluted | | 4,522,694 | | 4,495,569 |
Diluted net income per share | | $ 0.21 | | $ 0.03 |
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America , as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/ .
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
For more information:
Randy Gilbert , CFO
Table Trac, Inc.
952-548-8877
SOURCE Table Trac, Inc.