Published
Land-BasedCasinoFinancialIndustry

Table Trac reports $2.5m in Q2 revenue and announces Las Vegas market entry

Table Trac has shared its second quarter financial results, highlighting a 70% revenue increase driven by a surge of installations.

casinotrac tabletrac q2 2022 results gambling insider web image

For Q2, the company, which develops and supplies casino information and management systems, produced $2.5m in revenue.

This represents an over $1m increase from the $1.4m Table Trac generated during Q2 of 2021, though as a total, remains modest. Nevertheless, the company has experienced healthy growth.

During the second quarter, Table Trac installed six systems at new locations, while its distributors expanded current locations and installed the company’s system in over 40 new locations.

All-in-all, Q2 saw Table Trac install a record number of games, however, the company’s net income actually dipped into the red on a year-over-year basis.

Table Trac recorded a loss of $242,324, down from the prior-year period’s positive $153,635. This fall can be largely attributed to a triple-digit hike in the company’s cost of sales, which jumped by 380% from $333,402 to $1.6m.

But this did not offset the company’s half-year rise in profitability. For H1, Table Trac generated a net income of $1m, up by 32% from $769,641.

This was driven by top-line growth of 60%, with the company’s half-year revenue rising to $5.8m. Table Trac also announced that it has recently entered the Las Vegas market.

Chad Hoehne, Table Trac’s President, said: “Our company’s work to design, build, install and support casino clients with a quality CMS system solution is being rewarded all over the USA and in over 13 countries, but it is especially gratifying to begin service in the world’s largest gaming market.”


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...