PR Newswire
MINNETONKA, Minn. , May 10, 2022 /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 March 31, 2022 .
The 10-Q can be found @ http://www.sec.gov
First Quarter 2022 Highlights
- The Company installed three systems at new locations, increased the number of games at a current customer and our distributors expanded current locations and installed our system in new locations during the quarter.
- The Company had nine customer contracts in backlog as of March 31, 2022 . The company anticipates that the majority of these contracts will be installed in the next two quarters.
First Quarter 2022 Financial Results
Net Income for the quarter was $1,261,840 compared to income of $616,007 in 2021, an increase of approximately $645,800 .
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 March 31, 2022 and 2021:
| | For the Three Months Ended | ||
| | March 31, | ||
| | 2022 | | 2021 |
Basic and diluted earnings per share calculation: | | | | |
Net income to common stockholders | | $ 1,261,840 | | 616,007 |
Weighted average number of common shares outstanding - basic | | 4,521,988 | | 4,500,672 |
Basic net income per share | | 0.28 | | 0.14 |
Weighted average number of common shares outstanding - diluted | | 4,596,037 | | 4,505,132 |
Diluted net income per share | | 0.27 | | 0.14 |
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.