Table Trac, Inc.

What they do

Table Trac develops, sells, and leases a proprietary casino management system (CMS) and a patented table game automation system. The company offers modules for player tracking, kiosk promotions, vault/cage controls, and other casino operations, supported by monthly license and maintenance contracts. It also designs and manufactures gaming machine interface boards using third-party assembly firms.

Revenue drivers

• System sales and leases — Sells or leases its Table Trac system and CMS to casinos; for the quarter ended June 30, 2026, delivered six new systems. U.S. customers accounted for 93.6% of total revenue in that quarter.
• Support and maintenance contracts — Each system is sold with a monthly license and maintenance contract; these contracts provide recurring revenue across the installed base of over 300 casinos.
• Related modules and products — Generates revenue from modules like DataTrac, KioskTrac, KioskTrac Mobile, SlotSUITE, and RePrintEnroll kiosks, and expansion sales to existing customers.

Recent performance

For the quarter ended June 30, 2026, revenue was $4.2 million, up from $3.9 million in the prior quarter (ended March 31, 2026) and $3.0 million in the quarter ended December 31, 2025. Annual revenue has been roughly stable, at $11.0 million in 2025, $11.2 million in 2024, and $9.5 million in 2023. Net income was $1.6 million in each of 2023, 2024, and 2025, with diluted EPS around $0.35. Cash and equivalents were $8.2 million at June 30, 2026, with total assets of $16.3 million.

Strategy

The company is expanding its intellectual property portfolio, having filed patent applications for an AI-based pit boss training system, a gaming ticket management system, and a progressive jackpot tracking system. It continues to add new features and ancillary products to its casino management system. Management aims to grow market share by completing system deliveries and leveraging its open architecture to integrate with third-party software.

Risks

• Unpredictable order flow — System sales have long sales cycles and there are no minimum purchase commitments, leading to revenue volatility.
• Economic downturn impact — Customers may postpone or cancel system purchases if gaming revenues decline due to recession, inflation, or reduced consumer spending.
• Customer financing constraints — Tightening credit markets could hinder customers' ability to finance purchases or leases, reducing orders.
• Geographic concentration — U.S. revenue accounted for 93.6% of total revenue in Q2 2026, exposing the company to domestic gaming market conditions.

Outlook

Management expects to continue filing additional patent applications for new technologies, including AI-based training systems for pit bosses, gaming ticket management, and progressive jackpot tracking. The company plans to maintain its focus on innovation and expansion of its installed base of casino systems.