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Table Trac, Inc. Reports 2024 First Quarter Earnings

MINNETONKA, Minn., May 10, 2024 (GLOBE NEWSWIRE) -- 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 three months ending March 31, 2024. The 10-Q can be found @ http://www.sec.gov First Quarter 2024 Highlights The Company installed two systems at new customer locations, expanded the services at an existing customer and our distributors expanded our systems in new and current locations during the quarter.   The Company had two customer contracts in backlog as of March 31, 2024. The company anticipates that these contracts will be installed during the second quarter of 2024. As of the filing date of this report, the Company signed two new contracts and has expansion plans with an existing customer. First Quarter 2024 Financial Results Maintenance revenue for the quarter was $1.28M compared to $1.21M in 2023, an increase of approximately 6%. Service and other revenue for the quarter was $435K compared to $280K in 2023, an increase of approximately 55%. 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, 2024 and 2023:     For the Three Months Ended     March 31,